2024-08-28T12:11:06-05:00 2023-12-31 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2023-01-01 041590310 MASSACHUSETTS TAXPAYERS FOUNDATION INC MASS 6177201000 333 WASHINGTON STREET 853 BOSTON MA 02108 DOUGLAS HOWGATE PRESIDENT 6177201000 2024-08-14 1 1 JOSEPH GISO CPA P00030126 7819143400 2024-08-14 2023 2024-08-08 14:25:15Z DOUGLAS HOWGATE 333 WASHINGTON STREET 853 BOSTON MA 02108 1806153 0 X WWW.MASSTAXPAYERS.ORG X 1932 MA PROVIDE KEY DECISION MAKERS WITH UNBIASED RESEARCH & CONSTRUCTIVE SOLUTIONS (SEE PART III) 98 97 9 98 0 0 1495094 1513897 2400 6747 40033 88644 -62123 3720 1475404 1613008 0 0 0 0 1211621 1081828 0 0 270678 437725 345385 1649346 1427213 -173942 185795 2957985 3253891 87755 47277 2870230 3206614 MASSACHUSETTS TAXPAYERS FOUNDATION PROVIDES PUBLIC & PRIVATE SECTOR DECISION MAKERS WITH ACCURATE, TIMELY, UNBIASED RESEARCH & CONSTRUCTIVE SOLUTIONS THAT DRIVE PUBLIC POLICY IN ORDER TO STRENGTHEN THE STATE'S FINANCES & POSITION THE COMMONWEALTH FOR LONG-TERM GROWTH. 0 0 827891 ANALYSIS OF THE STATE BUDGET:PERFORMED RESEARCH AND ANALYSIS, RELEASED PUBLICATIONS AND WORKED FOR REFORM ON A WIDE RANGE OF ISSUES AFFECTING THE COMMONWEALTH OF MASSACHUSETTS INCLUDING HEALTH CARE, BUSINESS COSTS AND TRANSPORTATION FUNDING TO TAX COMPETITIVENESS, CAPITAL INVESTMENTS AND STATE AND LOCAL FINANCES. 6747 ANNUAL TAX CONFERENCE WITH TAX PRACTITIONERS AND GOVERNMENT OFFICIALS TO DISCUSS MASSACHUSETTS STATE AND LOCAL TAXES. 827891 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 98 97 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X DOUGLAS HOWGATE 6177201000 333 WASHINGTON STREET SUITE 853 BOSTON MA 02108 ADAM MOEHRING TRUSTEE 1.00 X 0 0 0 ADAM WEINER TRUSTEE 1.00 X 0 0 0 AIMEE GOLBITZ TRUSTEE 1.00 X 0 0 0 AMIE SHEI TRUSTEE 1.00 X 0 0 0 BETH RIPORTELLA TRUSTEE 1.00 X 0 0 0 BOB ROSS TRUSTEE 1.00 X 0 0 0 BRENDAN JOYCE TRUSTEE 1.00 X 0 0 0 BRENDAN ROCHE TRUSTEE 1.00 X 0 0 0 BRENT BARKER TRUSTEE 1.00 X 0 0 0 BRIAN DEMPSEY TRUSTEE 1.00 X 0 0 0 BRIAN DOMORETSKY TRUSTEE 1.00 X 0 0 0 BRIAN ELLIOT BURKE TRUSTEE 1.00 X 0 0 0 BRIAN P GRIP TRUSTEE 1.00 X 0 0 0 BRIGID BOYD TRUSTEE 1.00 X 0 0 0 BROOKE THOMPSON TRUSTEE 1.00 X 0 0 0 CAROLINE KUPIEC TRUSTEE 1.00 X 0 0 0 CHARLES MURPHY TRUSTEE 1.00 X 0 0 0 CHRISTINA FISHER TRUSTEE 1.00 X 0 0 0 CHRISTINE CASSIDY TRUSTEE 1.00 X 0 0 0 DANIEL NELSON TRUSTEE 1.00 X 0 0 0 DARRELL DAVIS TRUSTEE 1.00 X 0 0 0 DAVID AVERILL TRUSTEE 1.00 X 0 0 0 DAVID MORALES TRUSTEE 1.00 X 0 0 0 DAVID SWEENEY TRUSTEE 1.00 X 0 0 0 DOMINICK IANNO VICE CHAIR 1.00 X X 0 0 0 DONALD BALDINI TRUSTEE 1.00 X 0 0 0 DOUGLAS R HOWGATE PRESIDENT & SECRETARY 50.00 X X 313986 0 21844 DR RAY KRUGER TRUSTEE 1.00 X 0 0 0 EDWARD H LADD TRUSTEE 1.00 X 0 0 0 ELIZABETH CHACE-MARINO TRUSTEE 1.00 X 0 0 0 EUSTACIA REIDY MACNAUGHT TRUSTEE 1.00 X 0 0 0 FRANCIS ORLANDO TRUSTEE 1.00 X 0 0 0 FREDRICK RYAN TRUSTEE 1.00 X 0 0 0 GAIL EAGAN ESQ TRUSTEE 1.00 X 0 0 0 GARY BUA TRUSTEE 1.00 X 0 0 0 GEORGE F CRONIN TRUSTEE 1.00 X 0 0 0 GILDA NOGUEIRA TRUSTEE 1.00 X 0 0 0 GRACE ARSENAULT TRUSTEE 1.00 X 0 0 0 GRANT WARD TRUSTEE 1.00 X 0 0 0 HARRY IM TRUSTEE 1.00 X 0 0 0 HELEN BURT TRUSTEE 1.00 X 0 0 0 JACOB ROSENFELD TRUSTEE 1.00 X 0 0 0 JAMES FITZGERALD TRUSTEE 1.00 X 0 0 0 JAMES KANE TRUSTEE 1.00 X 0 0 0 JAMIE KATZ ESQ TRUSTEE 1.00 X 0 0 0 JANE STEINMETZ TRUSTEE 1.00 X 0 0 0 JAY TATA TRUSTEE 1.00 X 0 0 0 JEEVAN RAMAPRIYA TRUSTEE 1.00 X 0 0 0 JENNIFER PRIPLATA TRUSTEE 1.00 X 0 0 0 JENNY HOLADAY TRUSTEE 1.00 X 0 0 0 JESSE STANSEA TRUSTEE 1.00 X 0 0 0 JIM SMITH TRUSTEE 1.00 X 0 0 0 JOHN CANTALUP TRUSTEE 1.00 X 0 0 0 JOHN EMRA TRUSTEE 1.00 X 0 0 0 JOHN ERWIN TRUSTEE 1.00 X 0 0 0 JOHN R MAHER TRUSTEE 1.00 X 0 0 0 JOSEPH DRISCOLL ESQ TRUSTEE 1.00 X 0 0 0 JOSEPH ZELIC TRUSTEE 1.00 X 0 0 0 JOSEPH ZUKOWSKI TRUSTEE 1.00 X 0 0 0 JOSHUA GREENBERG TRUSTEE 1.00 X 0 0 0 JULIEANN M THURLOW TRUSTEE 1.00 X 0 0 0 JUSTIN STERRITT TRUSTEE 1.00 X 0 0 0 KATHY KEOUGH TRUSTEE 1.00 X 0 0 0 KEITH MAHONEY TRUSTEE 1.00 X 0 0 0 KERRY WHALAN TRUSTEE 1.00 X 0 0 0 KRISTEN LEWIS CHAIR 1.00 X X 0 0 0 KRISTIN CHRISTOPHER TRUSTEE 1.00 X 0 0 0 LAURA PEABODY TRUSTEE 1.00 X 0 0 0 LEANNE SCOTT ESQ TRUSTEE 1.00 X 0 0 0 LISA MURRAY TRUSTEE 1.00 X 0 0 0 LORIN ALUSIC TRUSTEE 1.00 X 0 0 0 MARK RUGGIERO TRUSTEE 1.00 X 0 0 0 MATTHEW D SCHNALL TREASURER 1.00 X X 0 0 0 MATTHEW REGAN TRUSTEE 1.00 X 0 0 0 MICHAEL CALJOUW TRUSTEE 1.00 X 0 0 0 MICHAEL E PORTER TRUSTEE 1.00 X 0 0 0 MICHAEL FERRARI TRUSTEE 1.00 X 0 0 0 MICHAEL GERMANO TRUSTEE 1.00 X 0 0 0 MICHAEL KNAPIK TRUSTEE 1.00 X 0 0 0 MICHAEL O GILLES TRUSTEE 1.00 X 0 0 0 MICHELLE MCGEE TRUSTEE 1.00 X 0 0 0 MORGAN HARRIS TRUSTEE 1.00 X 0 0 0 NANCY HILL TRUSTEE 1.00 X 0 0 0 NATHAN PHAM TRUSTEE 1.00 X 0 0 0 PAMELA GLAZIER TRUSTEE 1.00 X 0 0 0 PATRICK CAHILL TRUSTEE 1.00 X 0 0 0 PETER HOWE TRUSTEE 1.00 X 0 0 0 PIERCE HALEY TRUSTEE 1.00 X 0 0 0 POONAM PATIDAR TRUSTEE 1.00 X 0 0 0 ROBERT KESTER TRUSTEE 1.00 X 0 0 0 ROBERT REYNOLDS TRUSTEE 1.00 X 0 0 0 SASKIA EPSTEIN TRUSTEE 1.00 X 0 0 0 STEPHAN OEHLER TRUSTEE 1.00 X 0 0 0 STEPHANIE LEE TRUSTEE 1.00 X 0 0 0 STEVE TRINGALE TRUSTEE 1.00 X 0 0 0 THOMAS O'DONNELL ESQ TRUSTEE 1.00 X 0 0 0 TIMOTHY SWEENEY TRUSTEE 1.00 X 0 0 0 WILLIAM F KENNEDY ESQ TRUSTEE 1.00 X 0 0 0 WILLIAM GRANT TRUSTEE 1.00 X 0 0 0 ANDREW BAGLEY VICE PRESIDENT FOR POLICY 50.00 X 197960 0 8768 DEBRA CARROLL DIRECTOR OF MEMBERSHIP & BUSINESS DEVELOPMENT 50.00 X 113108 0 13615 EILEEN P MCANNENY - FORMER PRESIDENT & SECRETARY 50.00 X 60601 0 1500 685655 0 45727 2 0 1 0 0 1135897 378000 1513897 TAX CONFERENCES 541900 6747 6747 6747 57893 57893 3720 0 3720 3720 3720 223896 193145 30751 30751 30751 1613008 6747 0 92364 511946 309850 93607 108489 443666 268524 81122 94020 33142 20799 5182 7161 28896 18135 4518 6243 64178 40277 10034 13867 2379 2379 90413 90413 17534 17534 5710 5710 60960 47141 5213 8606 14900 5670 1818 7412 23388 11908 1989 9491 49037 37941 4169 6927 713 142 143 428 1340 268 269 803 28855 21252 2977 4626 18442 14270 1567 2605 RESEARCH MATERIALS & SU 31714 31714 0 1427213 827891 328644 270678 356429 380175 381714 528110 117500 63333 34800 19910 10739 9489 870861 603577 281915 267284 1543023 1757598 1048 0 230817 227992 2957985 3253891 73791 36448 310 0 13654 10829 87755 47277 X 2305456 2595610 564774 611004 2870230 3206614 2957985 3253891 185795 150589 0 X X 0 1 X 1 0 X 1389809 1086436 1388734 1520094 1513897 6898970 1389809 1086436 1388734 1520094 1513897 6898970 591969 6307001 89237 101128 39984 41798 61613 333760 7232730 67612 0.87200 0.86000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13380 13380 1635966 1649346 232467 58117 0 0 232467 232467 464934 697401 22000 13380 35380 58117 58117 116234 174351 441595 431768 9827 322451 82852 239599 106815 88957 17858 267284 CASH SURRENDER VALUE 217163 RIGHT OF USE ASSET - OPERATING LEASE 10829 227992 OPERATING LEASE LIABILITY 10829 10829 X 1746063 150589 150589 1595474 17534 17534 1613008 1409679 0 1409679 17534 17534 1427213 PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT NON-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. UNRELATED BUSINESS INCOME, OF WHICH THERE WAS NONE FOR THE YEARS ENDED DECEMBER 31, 2023, WOULD BE SUBJECT TO FEDERAL AND STATE INCOME TAXES. CONSEQUENTLY, THE FINANCIAL STATEMENTS DO NOT REFLECT ANY PROVISIONS FOR INCOME TAXES. X X X X X 0 0 0 0 0 0 0 0 0 DOUGLAS R HOWGATE PRESIDENT & SECRETARY 313986 0 0 0 0 0 12688 0 9156 0 335830 0 0 0 ANDREW BAGLEY VICE PRESIDENT FOR POLICY 147960 0 50000 0 0 0 7918 0 850 0 206728 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE ON BEHALF OF THE FULL GOVERNING BODY, THE BOARD OF TRUSTEES, BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A SPECIAL COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE SPECIAL COMMITTEE SHALL BE COMPOSED ENTIRELY OF NONMEMBERS OF THE GOVERNING BOARD OR COMMITTEE. AFTER EXERCISING DUE DILIGENCE, THE SPECIAL COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE SPECIAL COMMITTEE SHALL DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFIRMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. EACH TRUSTEE, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTERESTS POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS MTF IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE FOUNDATION'S PRESIDENT IS DETERMINED BY INDEPENDENT MEMBERS OF THE GOVERNANCE COMMITTEE AND EXECUTIVE COMMITTEE. THE COMMITTEES UTILIZE INDEPENDENT, THIRD-PARTY ADVISORS, CONSULTANTS, AND COUNSEL TO CONDUCT PERIODIC COMPENSATION STUDIES. THE COMPENSATION STUDY ENCOMPASSES COMPARABLE, RELEVANT MARKET DATA FOR THE ORGANIZATION'S POSITIONS OBTAINED FROM PUBLISHED SURVEYS, AND OTHER AVAILABLE SOURCES SUCH AS PEER ORGANIZATIONS' 990 FORMS. OTHER SURVEYS OF SPECIALIZED SKILL SET OR EMPLOYEE ATTRIBUTES CRITICAL TO THE SUCCESS OF THE ORGANIZATION WILL ALSO BE INCORPORATED AS NEEDED. THE MOST RECENT COMPENSATION STUDY PRESENTED TO THE COMMITTEES WAS IN 2014. ALL COMPENSATION DECISIONS MADE ARE APPROVED AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS AND DOCUMENTED IN THE MINUTES. COMPENSATION FOR OTHERS WAS DETERMINED BY THE PRESIDENT BASED ON VARIOUS CRITERIA ESTABLISHED. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.