2024-05-15T10:50:07-05:00 2023-06-30 222027092 WITHUM SMITH BROWN PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2022-07-01 843303528 THE FOUNDRY CONSORTIUM INC FOUN 8572426414 101 ROGERS ST CAMBRIDGE MA 02142 DIANA NAVARRETE-RACKAUCKAS EXECUTIVE DIRECTOR 8572426414 2024-05-15 1 DIANA NAVARRETE-RACKAUCKAS 999009999 0 DAVID A DIIULIS P00303577 6174711120 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z D NAVARRETE-RACKAUCKAS 101 ROGERS ST CAMBRIDGE MA 02142 1036463 0 X WWW.CAMBRIDGEFOUNDRY.ORG X 2019 MA SEE SCHEDULE O FOR MISSION STATEMENT. 15 15 7 0 0 0 172300 39037 0 997426 0 0 0 0 172300 1036463 0 0 0 0 171510 567932 0 0 46484 20753 401664 192263 969596 -19963 66867 24067 109136 22692 40894 1375 68242 X THE FOUNDRY IS AN ADAPTIVE REUSE PROJECT TO BUILD A SELF-SUSTAINING CENTER FOR CREATIVITY AND COLLABORATION FOR THE CAMBRIDGE COMMUNITY. AT THE INTERSECTION OF THE KENDALL SQUARE INNOVATION DISTRICT AND THE EAST CAMBRIDGE NEIGHBORHOOD, THE FOUNDRY BUILDING PROVIDES SPACE AND PROGRAMS FOR THE VISUAL AND PERFORMING ARTS, ENTREPRENEURSHIP, TECHNOLOGY, AND WORKFORCE EDUCATION WITHIN ITS HISTORIC, INDUSTRIAL SETTING. THE FOUNDRY FACILITATES ACCESS FOR RESIDENTS, ESPECIALLY UNDERREPRESENTED COMMUNITIES AND ADJACENT NEIGHBORHOODS, TO THE DYNAMIC WORKING AND LEARNING ENVIRONMENT OF KENDALL SQUARE. 0 0 618260 997426 CONTRIBUTIONS ARE USED TO PROVIDE SPACE AND PROGRAMS FOR THE VISUAL AND PERFORMING ARTS, ENTREPRENEURSHIP, TECHNOLOGY, AND WORKFORCE EDUCATION. 618260 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 7 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 1 0 1 0 0 MA X X X DIANA NAVARRETE-RACKAUCKAS 8572426414 101 ROGERS ST CAMBRIDGE MA 02142 DIANA NAVARRETE-RACKAUCKAS EXECUTIVE DIRECTOR 40.00 X 124962 0 4313 PETER CRAWLEY DIRECTOR 1.00 X 0 0 0 JEAN APPOLON DIRECTOR 1.00 X 0 0 0 BETSY BARD DIRECTOR 1.00 X 0 0 0 KELLYANNE MAHONEY DIRECTOR 1.00 X 0 0 0 JINYI DUAN DIRECTOR 1.00 X 0 0 0 POLLY CARPENTER DIRECTOR 1.00 X 0 0 0 EMMANUELLA FED DIRECTOR 1.00 X 0 0 0 JANOS STONE DIRECTOR 1.00 X 0 0 0 MICHAEL SHIA DIRECTOR 1.00 X 0 0 0 CARLOS LOPEZ DIRECTOR 1.00 X 0 0 0 KIM WALKER-CHIN DIRECTOR 1.00 X 0 0 0 STEPHANIE COUCH PRESIDENT 1.00 X 0 0 0 AMY DEINES VICE PRESIDENT 1.00 X 0 0 0 SELVIN CHAMBERS TREASURER 1.00 X 0 0 0 JOYCE CHEN SECRETARY 1.00 X 0 0 0 124962 0 4313 1 0 0 0 0 39037 8680 39037 PROGRAM INCOME 900099 997426 997426 997426 1036463 997426 0 0 129276 86615 34905 7756 346789 232349 93633 20807 53158 35616 14353 3189 38709 25935 10451 2323 109585 70134 39451 9092 6364 2728 16811 1681 13449 1681 92793 59388 33405 6048 302 5443 303 434 217 217 38242 11473 26769 SUPPLIES 73601 36801 29440 7360 EVENTS 46364 46364 TELEPHONE 5324 2662 2662 POSTAGE 3370 2359 674 337 969596 618260 304852 46484 19959 77998 0 3500 4108 19392 8680 434 0 8246 24067 109136 22692 40894 22692 40894 X 2885 68242 -1510 0 1375 68242 24067 109136 66867 0 X X 0 1 X 1 0 X 172300 39037 211337 172300 39037 211337 211337 211337 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8680 434 8246 8246 X 1036463 0 1036463 0 1036463 969596 0 969596 0 969596 PART X, LINE 2: THE ORGANIZATION IS REGISTERED WITH THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, CLARIFIES THE ACCOUNTING FOR INCOME TAXES, BY PRESCRIBING A MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, MEASUREMENT AND CLASSIFICATION OF AMOUNTS RELATING TO UNCERTAIN TAX POSITIONS, ACCOUNTING FOR AND DISCLOSURE OF INTEREST AND PENALTIES, AND DISCLOSURES. THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN OPERATING EXPENSES. THERE WERE NO INTEREST AND PENALTIES RECOGNIZED FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. FORM 990, PART I, LINE 1 THE FOUNDRY IS AN ADAPTIVE REUSE PROJECT TO BUILD A SELF-SUSTAINING CENTER FOR CREATIVITY AND COLLABORATION FOR THE CAMBRIDGE COMMUNITY. AT THE INTERSECTION OF THE KENDALL SQUARE INNOVATION DISTRICT AND THE EAST CAMBRIDGE NEIGHBORHOOD, THE FOUNDRY BUILDING PROVIDES SPACE AND PROGRAMS FOR THE VISUAL AND PERFORMING ARTS, ENTREPRENEURSHIP, TECHNOLOGY, AND WORKFORCE EDUCATION WITHIN ITS HISTORIC, INDUSTRIAL SETTING. THE FOUNDRY FACILITATES ACCESS FOR RESIDENTS, ESPECIALLY UNDERREPRESENTED COMMUNITIES AND ADJACENT NEIGHBORHOODS, TO THE DYNAMIC WORKING AND LEARNING ENVIRONMENT OF KENDALL SQUARE. FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO OTHER COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THE BOARD OF DIRECTORS IS THE ONLY GOVERNING BODY WITH THE AUTHORITY TO DO SO. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 RETURN IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS OF DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS MADE BY THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR SERVES AT THE WILL OF THE BOARD. COMPENSATION AND OTHER TERMS OF EMPLOYMENT ARE SET AND REVIEWED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND PER THE MASSACHUSETTS ATTORNEY GENERAL WEBSITE. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM PRIOR YEAR.