2025-11-12T12:56:56-06:00 2024-12-31 042689883 WOLF & COMPANY PC 255 STATE STREET BOSTON MA 02109 990 2024-01-01 270382989 MASSCHALLENGE INC MASS 6178630845 10 FAN PIER BLVD 3RD FLOOR BOSTON MA 02210 LISA MCLAUGHLIN COO 6178630845 2025-11-06 1 0 MICHAEL J ROWE CPA P00535831 6174399700 2025-11-06 2024 2025-03-06 01:10:19Z LISA MCLAUGHLIN 10 FAN PIER BLVD 3RD FLOOR BOSTON MA 02210 7788018 0 X WWW.MASSCHALLENGE.ORG X 2009 MA THE MISSION OF MASSCHALLENGE IS TO HELP ENTREPRENEURS LAUNCH AND GROW SUCCESSFUL ENTERPRISES. WE DO IT THROUGH SPONSORING A $1M STARTUP COMPETITION TO CATALYSE BUSINESS AND JOB CREATION IN MASSACHUSETTS AND RUNNING A 4 MONTH ACCELERATOR PROGRAM TO CONNECT ENTREPRENEURS WITH THE RESOURCES NEEDED TO GROW THEIR ENTERPRISES. 11 11 55 500 0 0 9964558 7456630 319775 331176 2228 212 0 0 10286561 7788018 613500 247645 0 0 6633131 5535352 35000 42000 2170912 3897524 3874592 11179155 9699589 -892594 -1911571 8735400 5317198 2520927 1014296 6214473 4302902 X TO CONNECT ENTREPRENEURS WITH THE RESOURCES THEY NEED TO LAUNCH AND SUCCEED IMMEDIATELY.THE PRIMARY ACTIVITIES INCLUDE RUNNING AN ANNUAL GLOBAL STARTUP COMPETITION, DOCUMENTING AND ORGANIZING KEY RESOURCES, AND ORGANIZING TRAINING AND NETWORKING EVENTS AND RUNNING A 4 MONTH ACCELERATOR PROGRAM DESIGNED TO HELP STARTUPS GROW. 0 0 5407595 247645 331176 RAN A GLOBAL STARTUP COMPETITION IN BOSTON, MA WITH 4000+ APPLICANTS FROM ACROSS THE US AND THE WORLD.SELECTED 400 COMPANIES TO ENTER A 4 MONTH ACCELERATOR PROGRAM.THE 400 COMPANIES IN THE ACCELERATOR PROGRAM RECEIVED FREE OFFICE SPACE, SEVERAL EDUCATIONAL AND NETWORKING EVENTS, ACCESS TO 400+ MENTORS, AND ACCESS TO MULTI MILLION IN-KIND SPONSORSHIPS FROM VARIOUS CORPORATE SPONSORS. 5407595 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 1 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 68 0 1 55 0 0 1 MX 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 MA X CAITLIN BRUMME 8887827820 10 FAN PIER BLVD 3RD FLOOR BOSTON MA 02210 FIONA MURRAY DIRECTOR 1.00 X 0 0 0 JOHN W HARTHORNE DIRECTOR 1.00 X 0 0 0 MICHAEL FANNING DIRECTOR 1.00 X 0 0 0 TRAVIS MCCREADY DIRECTOR 1.00 X 0 0 0 WILLIAM C COWAN DIRECTOR 1.00 X 0 0 0 MEGHAN VERONA JOYCE DIRECTOR 1.00 X 0 0 0 CRAIG LEWIS DIRECTOR 1.00 X 0 0 0 DEBORAH DISANZO DIRECTOR 1.00 X 0 0 0 ELIZABETH GRAHAM DIRECTOR 1.00 X 0 0 0 MICHAEL LANGER DIRECTOR 1.00 X 0 0 0 IAN ROBERTS DIRECTOR 1.00 X 0 0 0 CAITLIN BRUMME CEO/PRESIDENT 40.00 X 338050 0 4800 LISA MCLAUGHLIN TREASURER/CLERK/COO 40.00 X 257000 0 6193 DAMON COX ENDED 061424 HEAD OF NEXT PRACTICE & IN 40.00 X 173641 0 0 ROBERT BITTING CHIEF OF STAFF 40.00 X 180250 0 4644 WILLIAM MAGRUDER VP OF PARTNERSHIPS 40.00 X 180250 0 4644 ERNESTO MARTINEZ ENDED 82324 HEAD OF DEVELOPMENT & INNO 40.00 X 234451 0 3971 JAMES FOUNTAIN HEAD OF TECHNOLOGY 40.00 X 199474 0 5382 GAURAV MANCHANDA CHIEF PROGRAM OFFICER 40.00 X 165909 0 4977 SUNANDA NARAYANASWAMY SENIOR DIRECTOR OF GLOBALPARTNERSHIPS 40.00 X 155200 0 4043 ANGEL UGALDE FLORES SERIOR DIRECTOR OF FINANCE 40.00 X 172640 0 5163 BRYETTA CALLOWAY VP OF MARKETING & COMMUNIC 40.00 X 180250 0 0 CHRISTINE CASALINI ENDED 101824 SENIOR DIRECTOR OF DEVELOPMENT 40.00 X 130104 0 3063 RYAN BOWEN ENDED 82324 DIRECTOR OF PLATFORM OPERATIONS 40.00 X 115629 0 2564 2482848 0 49444 20 0 1 0 ANDELA 129 W 29TH ST 5TH FLOOR NEW YORK NY 10001 TECHNOLOGY CONSULTING 386485 ANDREW M ESPO 1 VILLAGE LANE WAYLAND MA 01778 IT SUPPORT 114300 2 297448 7159182 7456630 LICENSE FEES 541900 250000 250000 EVENT REVENUE 541900 70255 70255 APPLICATION & ADMINIST 541900 10921 10921 331176 212 212 7788018 331176 0 212 150000 150000 97645 97645 1729026 822653 385217 521156 2897511 1378606 645549 873356 107273 51039 23900 32334 449262 213754 100093 135415 352280 167611 78486 106183 46292 46292 134520 134520 42000 42000 820576 607086 120053 93437 141550 141550 30969 2730 28183 56 412567 187781 206277 18509 1278538 894977 191781 191780 196757 116863 28904 50990 758 758 52036 52036 EVENT EXPENSES 597649 507546 4641 85462 BAD DEBT 139611 139611 TRAINING & DEVELOPMENT 57777 57777 OTHER PROGRAM EXP 53696 47773 5923 -88704 -119630 16615 14311 9699589 5407595 2121082 2170912 1847358 776314 3837847 2559309 1851530 901947 173313 146034 91221 91221 758 0 225304 225304 799290 708290 8735400 5317198 856473 162029 1664454 852267 2520927 1014296 X 2376627 1743593 3837846 2559309 6214473 4302902 8735400 5317198 -1911571 0 X X 0 1 X 1 0 X 11822317 10804494 9771643 9164558 7456630 49019642 11822317 10804494 9771643 9164558 7456630 49019642 8266385 40753257 2228 212 2440 49022082 2223854 0.83130 0.88170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54342 54342 0 24856 24856 0 12023 12023 0 0 ACCRUED REVENUE 312000 DUE FROM RELATED PARTIES 234520 OTHER ASSETS 11600 DUE FROM SUBSIDIARY 150170 708290 X PART X, LINE 2: MASSCHALLENGE, INC. IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("THE CODE") AND IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. SECTION 501(C)(3) OF THE CODE PROVIDES FOR THE EXEMPTION OF ORGANIZATIONS THAT ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERACY OR EDUCATIONAL PURPOSES, AND WHOSE NET EARNINGS DO NOT INURE TO THE BENEFIT OF ANY PRIVATE SHAREHOLDER OR INDIVIDUAL. MASSCHALLENGE, INC. IS ALSO EXEMPT FROM STATE AND LOCAL INCOME TAXES UNDER MASSACHUSETTS GENERAL LAW SECTION 180. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. CONTRIBUTIONS TO MASSCHALLENGE, INC. ARE TAX DEDUCTIBLE. MANAGEMENT HAS ANALYZED THE ORGANIZATION'S TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS AND HAS CONCLUDED THAT NO PROVISION FOR UNCERTAIN TAX POSITIONS IS REQUIRED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. 1 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES TO CONNECT EARLY-STAGE ENTREPRENEURS WITH THE RESOURCES THEY NEED TO LAUNCH AND SUCCEED IMMEDIATELY 18821 0 0 0 0 0 0 18821 0 18821 0 0 1 0 0 0 PART I, LINE 2: ALL APPLICATIONS ARE REVIEWED ONLINE BY INTERNATIONAL COMMUNITY OF JUDGES. - EACH APPLICATION IS REVIEWED BY AT LEAST THREE JUDGES. - EACH APPLICANT RECEIVES INDIVIDUALIZED FEEDBACK FROM THE JUDGES. STARTUPS ARE NOTIFIED IF THEY MAKE THE SECOND ROUND OF JUDGING. IN THE SECOND ROUND OF JUDGING, THOSE STARTUPS PITCH TO A PANEL OF JUDGES OR CHALLENGE PARTNERS IN-PERSON OR VIA SKYPE (IN SOME CIRCUMSTANCES). MASSCHALLENGE ENSURES THAT EVERY SINGLE STARTUP RECEIVES A COMPREHENSIVE READ OF THEIR APPLICATION BY ASSIGNING EACH OF THEM A PANEL OF DIVERSE JUDGES THAT REPRESENT A RANGE OF DIFFERENT INDUSTRIES: - ALL APPLICANTS RECEIVE FEEDBACK FROM EXPERT JUDGES ON THEIR ONLINE APPLICATIONS. - ALL SEMI-FINALISTS RECEIVE EXTENDED FEEDBACK FROM EXPERT JUDGES ON THEIR IN-PERSON PITCHES. X 0 DEMPSEY ASSOCIATES 11 BEACON STREET SUITE 1120 BOSTON MA 02108 FUNDRAISING 0 42000 0 42000 42000 42000 MA 1 AIRBUILD INC 620 W MAIN ST GREEN RIVER UT 84525 932753404 50000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS TREMEDICS MEDICAL DEVICES INC 9105 NORTHAMPTON DR NORTH RICHLAND HILLS TX 76182 475322190 25000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS ALGAS ORGANICS (DUJCO INC) 100 FORE ST PORTLAND PORTLAND ME 04101 301009573 25000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS CLEARLEAF INC C/O CORPORATION SERVICE COMPANY 251 LITTLE FALLS DR WILMINGTON DE 19808 372010637 25000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS FEATHERY INC 2261 MARKET STREET STE 4263 SAN FRANCISCO CA 94114 853562182 25000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS 0 5 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS 16 97645 PART I, LINE 2: GRANTS ISSUED FROM MASSCHALLENGE ARE NOT RESTRICTED WITH EXCEPTION TO THOSE ISSUED IN PARTNERSHIP WITH THE CENTER FOR ADVANCEMENT OF SCIENCE IN SPACE WHO WORKS ALONGSIDE THE BENEFICIARIES MONITORING THE ACHIEVEMENT OF MILESTONES WHICH MUST BE MET BEFORE GRANTS ARE PROVIDED. X 1 0 0 0 0 0 0 0 0 CAITLIN BRUMME CEO/PRESIDENT 238050 0 100000 0 0 0 4800 0 0 0 342850 0 0 0 LISA MCLAUGHLIN TREASURER/CLERK/COO 207000 0 50000 0 0 0 6193 0 0 0 263193 0 0 0 ERNESTO MARTINEZ ENDED 82324 HEAD OF DEVELOPMENT & INNO 132784 0 67500 0 34167 0 3971 0 0 0 238422 0 0 0 JAMES FOUNTAIN HEAD OF TECHNOLOGY 179816 0 19658 0 0 0 5382 0 0 0 204856 0 0 0 ROBERT BITTING CHIEF OF STAFF 155250 0 25000 0 0 0 4644 0 0 0 184894 0 0 0 WILLIAM MAGRUDER VP OF PARTNERSHIPS 155250 0 25000 0 0 0 4644 0 0 0 184894 0 0 0 BRYETTA CALLOWAY VP OF MARKETING & COMMUNIC 155250 0 25000 0 0 0 0 0 0 0 180250 0 0 0 ANGEL UGALDE FLORES SERIOR DIRECTOR OF FINANCE 172640 0 0 0 0 0 5163 0 0 0 177803 0 0 0 DAMON COX ENDED 061424 HEAD OF NEXT PRACTICE & IN 92503 0 47500 0 33638 0 0 0 0 0 173641 0 0 0 GAURAV MANCHANDA CHIEF PROGRAM OFFICER 165909 0 0 0 0 0 4977 0 0 0 170886 0 0 0 SUNANDA NARAYANASWAMY SENIOR DIRECTOR OF GLOBALPARTNERSHIP 135200 0 20000 0 0 0 4043 0 0 0 159243 0 0 0 PART I, LINE 4A THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE PAYMENTS IN 2024: ERNESTO MARTINEZ VILLALPANDO - $34,167 DAMON COX - $33,638 CHRISTINE CASALINI - $10,833 RYAN BOWEN - $28,140 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR AT THE BEGINNING OF THE YEAR, PEOPLE ARE ASKED TO DISCLOSE ANY CONFLICTS OF INTERESTS THAT MAY ARISE IN THE FOLLOWING YEAR. THOSE SAME PEOPLE ARE ALSO REQUIRED TO NOTIFY AS SOON AS ANY CONFLICT OF INTEREST ARISES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR EXECUTIVES IS DETERMINED BY THE BOARD OF ADVISORS. EMPLOYEE COMPENSATION IS DETERMINED BY THE EXECUTIVES. FORM 990, PART VI, SECTION C, LINE 18 ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND TAX RETURNS AVAILABLE UPON REQUEST. FORM 990, PART IV, LINE 2C: THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. MASSCHALLENGE MEXICO LIMITED LIABILITY COMPANY COMPANY WITH VARIABLE CAPITA EL ORO 23 CUAUHTEMOC ROMA NORTE MX TO HELP WITH START UP FUNDING MX C 41741 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 MASSCHALLENGE MEXICO S 60000 FMV