2026-09-17T08:14:18-05:00 2025-12-31 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2025-01-01 041590310 MASSACHUSETTS TAXPAYERS FOUNDATION INC MASS 6177201000 333 WASHINGTON STREET 853 BOSTON MA 02108 DOUGLAS HOWGATE PRESIDENT 6177201000 2026-09-16 1 JOSEPH GISO CPA P00030126 7819143400 2026-09-16 2025 DOUGLAS HOWGATE 333 WASHINGTON STREET 853 BOSTON MA 02108 2202156 0 X WWW.MASSTAXPAYERS.ORG X 1932 MA PROVIDE KEY DECISION MAKERS WITH UNBIASED RESEARCH & CONSTRUCTIVE SOLUTIONS (SEE PART III) 125 124 9 124 0 0 1788938 1794443 44900 44260 125768 142795 0 0 1959606 1981498 0 0 0 0 1189351 1293076 0 0 225686 473227 389362 1662578 1682438 297028 299060 3664066 4078060 52710 65401 3611356 4012659 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 1175786 ANALYSIS OF FISCAL AND ECONOMIC POLICY MATTERS IN MASSACHUSETTS: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. 44260 ANNUAL TAX CONFERENCE WITH TAX PRACTITIONERS AND GOVERNMENT OFFICIALS TO DISCUSS MASSACHUSETTS STATE AND LOCAL TAXES. 1175786 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 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 7 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 125 124 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 DOUGLAS R HOWGATE PRESIDENT & SECRETARY 50.00 X X 375347 0 23862 KRISTIN LEWIS CHAIR 1.00 X X 0 0 0 DOMINICK IANNO VICE CHAIR 1.00 X X 0 0 0 MATTHEW D SCHNALL TREASURER 1.00 X X 0 0 0 KOLA AKINDELE TRUSTEE 1.00 X 0 0 0 GRACE ARSENAULT TRUSTEE 1.00 X 0 0 0 DAVID AVERILL TRUSTEE 1.00 X 0 0 0 LUTOF AWDEH TRUSTEE 1.00 X 0 0 0 DONALD BALDINI TRUSTEE 1.00 X 0 0 0 CAITLIN BERESIN TRUSTEE 1.00 X 0 0 0 MICHAEL BERGAN TRUSTEE 1.00 X 0 0 0 ANNALISA BHATIA TRUSTEE 1.00 X 0 0 0 CHRISTIENNE BIK TRUSTEE 1.00 X 0 0 0 TIMOTHY BOMBARD TRUSTEE 1.00 X 0 0 0 BRIGID BOYD TRUSTEE 1.00 X 0 0 0 GARY BUA TRUSTEE 1.00 X 0 0 0 JOCCOLE BURTON TRUSTEE 1.00 X 0 0 0 PATRICK CAHILL TRUSTEE 1.00 X 0 0 0 STEPHEN CANESSA TRUSTEE 1.00 X 0 0 0 JOHN CANTALUPO TRUSTEE 1.00 X 0 0 0 KRISTIN CHRISTOPHER TRUSTEE 1.00 X 0 0 0 MICHELLE CONSALVO TRUSTEE 1.00 X 0 0 0 GEORGE F CRONIN TRUSTEE 1.00 X 0 0 0 TIMOTHY DELGUIDICE TRUSTEE 1.00 X 0 0 0 BRIAN DEMPSEY TRUSTEE 1.00 X 0 0 0 CHRISTOPHER DEROSA TRUSTEE 1.00 X 0 0 0 NICHOLAS DOHERTY TRUSTEE 1.00 X 0 0 0 BRIAN DOMORETSKY TRUSTEE 1.00 X 0 0 0 JOSEPH DRISCOLL ESQ TRUSTEE 1.00 X 0 0 0 BENJAMIN DUDLEY TRUSTEE 1.00 X 0 0 0 CHRISTOPHER DUNN TRUSTEE 1.00 X 0 0 0 GAIL EAGAN ESQ TRUSTEE 1.00 X 0 0 0 JOHN EMRA TRUSTEE 1.00 X 0 0 0 SASKIA EPSTEIN TRUSTEE 1.00 X 0 0 0 HEATH FAHLE TRUSTEE 1.00 X 0 0 0 MICHAEL FERRARI TRUSTEE 1.00 X 0 0 0 CHRISTINA FISHER TRUSTEE 1.00 X 0 0 0 TOM GANGI TRUSTEE 1.00 X 0 0 0 MICHAEL GERMANO TRUSTEE 1.00 X 0 0 0 PAMELA GLAZIER TRUSTEE 1.00 X 0 0 0 WILLIAM GRANT TRUSTEE 1.00 X 0 0 0 JOSHUA GREENBERG TRUSTEE 1.00 X 0 0 0 PIERCE HALEY TRUSTEE 1.00 X 0 0 0 JOSH HARRELL TRUSTEE 1.00 X 0 0 0 MORGAN HARRIS TRUSTEE 1.00 X 0 0 0 JOANNE HILFERTY TRUSTEE 1.00 X 0 0 0 NANCY HILL TRUSTEE 1.00 X 0 0 0 PETER HOWE TRUSTEE 1.00 X 0 0 0 MELISSA INTHIRATH TRUSTEE 1.00 X 0 0 0 KATRINA ISERMAN TRUSTEE 1.00 X 0 0 0 PAUL JEAN TRUSTEE 1.00 X 0 0 0 PATRICK JOHNSON TRUSTEE 1.00 X 0 0 0 BRENDAN JOYCE TRUSTEE 1.00 X 0 0 0 AIMEE KASENGA TRUSTEE 1.00 X 0 0 0 JAMIE KATZ ESQ TRUSTEE 1.00 X 0 0 0 DENIS KENNEDY TRUSTEE 1.00 X 0 0 0 WILLIAM F KENNEDY ESQ TRUSTEE 1.00 X 0 0 0 ROBERT KESTER TRUSTEE 1.00 X 0 0 0 MICHAEL KNAPIK TRUSTEE 1.00 X 0 0 0 JOHN KOEHN TRUSTEE 1.00 X 0 0 0 CAROLINE KUPIEC TRUSTEE 1.00 X 0 0 0 EDWARD H LADD TRUSTEE 1.00 X 0 0 0 STEPHANIE LEE TRUSTEE 1.00 X 0 0 0 KRISTEN LEPORE TRUSTEE 1.00 X 0 0 0 ERIN LIANG TRUSTEE 1.00 X 0 0 0 MANDY LIONGSON TRUSTEE 1.00 X 0 0 0 NATE MACKINNON TRUSTEE 1.00 X 0 0 0 EUSTACIA REIDY MACNAUGHT TRUSTEE 1.00 X 0 0 0 KEITH MAHONEY TRUSTEE 1.00 X 0 0 0 ADAM MARX TRUSTEE 1.00 X 0 0 0 MARYROSE MAZZOLA TRUSTEE 1.00 X 0 0 0 EILEEN MCANNENY TRUSTEE 1.00 X 0 0 0 MICHELLE MCGEE TRUSTEE 1.00 X 0 0 0 TOD MCGRATH TRUSTEE 1.00 X 0 0 0 DANIELA MICHANIE TRUSTEE 1.00 X 0 0 0 HOWARD MOSHIER TRUSTEE 1.00 X 0 0 0 STEPHEN MOSHA TRUSTEE 1.00 X 0 0 0 CHARLES MURPHY TRUSTEE 1.00 X 0 0 0 COLIN MURPHY TRUSTEE 1.00 X 0 0 0 LISA MURRAY TRUSTEE 1.00 X 0 0 0 JAY MYERS TRUSTEE 1.00 X 0 0 0 DAVID NORMAN TRUSTEE 1.00 X 0 0 0 DALIZA NOVA TRUSTEE 1.00 X 0 0 0 ANTHONY ODONNELL TRUSTEE 1.00 X 0 0 0 TOM O'DONNEL TRUSTEE 1.00 X 0 0 0 JAMIE OPPEDISANO TRUSTEE 1.00 X 0 0 0 LORI PACI TRUSTEE 1.00 X 0 0 0 POONAM PATIDAR TRUSTEE 1.00 X 0 0 0 NATHAN PHAM TRUSTEE 1.00 X 0 0 0 MICHAEL E PORTER TRUSTEE 1.00 X 0 0 0 HENRI RAUSCHENBACH TRUSTEE 1.00 X 0 0 0 MATTHEW REGAN TRUSTEE 1.00 X 0 0 0 LEVI REILLY TRUSTEE 1.00 X 0 0 0 BETH RIPORTELLA TRUSTEE 1.00 X 0 0 0 JACOB ROSENFELD TRUSTEE 1.00 X 0 0 0 BOB ROSS TRUSTEE 1.00 X 0 0 0 MARK RUGGIERO TRUSTEE 1.00 X 0 0 0 FREDRICK RYAN TRUSTEE 1.00 X 0 0 0 JAKE SANDERS TRUSTEE 1.00 X 0 0 0 LEANNE SCOTT TRUSTEE 1.00 X 0 0 0 MELISSA SHANNON TRUSTEE 1.00 X 0 0 0 AMIE SHEI TRUSTEE 1.00 X 0 0 0 JIM SMITH TRUSTEE 1.00 X 0 0 0 JESSE STANSEA TRUSTEE 1.00 X 0 0 0 JANE STEINMETZ TRUSTEE 1.00 X 0 0 0 JUSTIN STERRITT TRUSTEE 1.00 X 0 0 0 JAKE SULLIVAN TRUSTEE 1.00 X 0 0 0 TIM SULLIVAN TRUSTEE 1.00 X 0 0 0 DAVID SWEENEY TRUSTEE 1.00 X 0 0 0 TIMOTHY SWEENEY TRUSTEE 1.00 X 0 0 0 BROOKE THOMSON TRUSTEE 1.00 X 0 0 0 JULIEANN M THURLOW TRUSTEE 1.00 X 0 0 0 STEVE TRINGALE TRUSTEE 1.00 X 0 0 0 MATTHEW WALSH TRUSTEE 1.00 X 0 0 0 MEGHAN WALSH TRUSTEE 1.00 X 0 0 0 GRANT WARD TRUSTEE 1.00 X 0 0 0 ADAM WEINER TRUSTEE 1.00 X 0 0 0 KERRY WHELAN 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 JESSE EISENMENGER TRUSTEE 1.00 X 0 0 0 BRIAN GRIP TRUSTEE 1.00 X 0 0 0 LAURA PEABODY TRUSTEE 1.00 X 0 0 0 CANDACE REDDY TRUSTEE 1.00 X 0 0 0 BRENDAN ROCHE TRUSTEE 1.00 X 0 0 0 ANDREW BAGLEY VICE PRESIDENT FOR POLICY 50.00 X 192960 0 8577 MEAGHAN CALLAHAN DIRECTOR OF RESEARCH 50.00 X 136303 0 14681 DEBRA CARROLL DIRECTOR OF MEMBERSHIP & B 50.00 X 119467 0 32850 824077 0 79970 5 0 1 0 0 1226535 22408 545500 1794443 TAX CONFERENCES 541900 44260 44260 44260 66861 66861 296592 220658 75934 75934 75934 1981498 44260 0 142795 571307 411261 69081 90965 538249 385563 65732 86954 39675 28971 4657 6047 70786 51689 8309 10788 73059 53349 8576 11134 5220 5220 78816 78816 21191 21191 17579 5381 12198 98361 98111 250 15647 12807 1482 1358 22951 18705 1607 2639 52699 42950 3689 6060 2628 2384 62 182 7184 2012 1601 3571 18189 11394 2865 3930 15721 12813 1100 1808 RESEARCH MATERIALS & SU 33176 33176 1682438 1175786 280966 225686 675595 1118331 291718 291878 280000 95300 84000 0 14105 20885 907026 649871 239178 257155 1854387 2072423 225083 222088 3664066 4078060 44790 60476 7920 4925 52710 65401 X 2992602 3324039 618754 688620 3611356 4012659 3664066 4078060 299060 102243 0 X X 0 1 X 1 0 X 1388734 1520094 1513897 1788938 1857035 8068698 1388734 1520094 1513897 1788938 1857035 8068698 768889 7299809 39984 41798 61613 65865 66861 276121 8344819 103682 0.87480 0.87470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17000 17000 1665438 1682438 234122 58531 0 0 232467 232467 233129 234122 932185 1398278 22000 13380 17000 17000 69380 58117 58117 58282 58531 233047 349571 441595 441594 1 322451 102364 220087 142980 105913 37067 257155 CASH SURRENDER VALUE 217163 RIGHT OF USE ASSET - OPERATING LEASE 4925 222088 OPERATING LEASE LIABILITY 4925 4925 X 2062550 102243 102243 1960307 21191 21191 1981498 1661247 0 1661247 21191 21191 1682438 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, 2025 AND 2024, WOULD BE SUBJECT TO FEDERAL AND STATE INCOME TAXES. CONSEQUENTLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT ANY PROVISIONS FOR INCOME TAXES. X X X X X 0 0 0 0 0 0 0 1 0 DOUGLAS R HOWGATE PRESIDENT & SECRETARY 326597 0 48750 0 0 0 13185 0 10677 0 399209 0 0 0 ANDREW BAGLEY VICE PRESIDENT FOR POLICY 192960 0 0 0 0 0 7718 0 859 0 201537 0 0 0 DEBRA CARROLL DIRECTOR OF MEMBERSHIP & B 109467 0 10000 0 0 0 5022 0 27828 0 152317 0 0 0 MEAGHAN CALLAHAN DIRECTOR OF RESEARCH 136303 0 0 0 0 0 4163 0 10518 0 150984 0 0 0 PART I, LINE 7 NON-FIXED AND DISCRETIONARY BONUSES WERE PAID TO THE FOLLOWING DURING CALENDAR YEAR 2025: DOUGLAS R. HOWGATE-PRESIDENT : $48,750 DEBRA CARROLL - DIR OF MMBRSHP & BUS DEV : $10,000 THE BONUS FOR THE PRESIDENT IS RECOMMENDED BY A COMMITTEE COMPOSED OF THE CHAIR, THE VICE CHAIR, AND THE TREASURER AND IS APPROVED BY THE EXECUTIVE COMMITTEE. BONUSES FOR OTHER STAFF ARE APPROVED BY THE PRESIDENT AND COMMUNICATED IN THE AGGREGATE TO A COMMITTEE COMPOSED OF THE CHAIR, THE VICE CHAIR, AND THE TREASURER. 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 DURING THE FIRST QUARTER OF EACH CALENDAR YEAR, A COMMITTEE COMPOSED OF THE CHAIR, THE VICE CHAIR, AND THE TREASURER MEETS TO DETERMINE A RECOMMENDATION FOR COMPENSATION TO BE PAID TO THE FOUNDATION'S PRESIDENT DURING THAT YEAR, INCLUDING ANY BONUS RELATING TO PERFORMANCE IN THE PRIOR YEAR AND ANY ADJUSTMENT TO THE PRESIDENT'S BASE SALARY FOR THE YEAR OF THE DETERMINATION. ALSO, DURING THE FIRST QUARTER OF THE YEAR, THE EXECUTIVE COMMITTEE (EXCLUDING THE PRESIDENT, WHO IS RECUSED FROM THE DISCUSSION) MEETS TO REVIEW THE COMMITTEE'S RECOMMENDATION AND TO MAKE A FINAL DETERMINATION CONCERNING THE PRESIDENT'S COMPENSATION. IN RECOMMENDING AND APPROVING THE PRESIDENT'S COMPENSATION, THOSE BODIES CONSIDER (AMONG OTHER FACTORS) THE COMPENSATION PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS. THE COMMITTEES TYPICALLY INCLUDE ONE OR MORE MEMBERS WITH KNOWLEDGE CONCERNING SUCH COMPENSATION LEVELS, AND THEY MAY ALSO RELY ON COMPENSATION DATA FROM PUBLISHED SURVEYS AND OTHER RELIABLE SOURCES. 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.