Nonprofit · EIN 04-3172007
MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT
Tax-exempt · WATERTOWN, MA 02472
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $575,525 | $700,443 | -$124,918 | $164,069 | $53,156 | $110,913 |
| June 30, 2024 | 990 | $818,130 | $730,542 | $87,588 | $321,834 | $86,003 | $235,831 |
| June 30, 2023 | 990 | $482,566 | $747,965 | -$265,399 | $228,581 | $80,338 | $148,243 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $572,589
- Membership dues
- $369,728
- Program service revenue
- $0
- Investment income
- $2,936
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $422,077
- Salaries, compensation and benefits (total)
- $541,974
- Professional fundraising fees
- $0
- Accounting fees
- $16,870
- Occupancy
- $19,352
- Travel
- $4,222
- Program services (functional)
- $477,206
- Management and general (functional)
- $114,664
- Fundraising (functional)
- $108,573
Balance sheet and other
- Total assets, start of year
- $321,834
- Total assets, end of year
- $164,069
- Total liabilities, end of year
- $53,156
- Net assets, end of year
- $110,913
- Net assets without donor restrictions
- $110,913
- Gross receipts
- $575,525
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1993
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER ABAIR | EXECUTIVE DIRECTOR Officer | 40 | $170,484 |
| DOUGLAS KEHLHEM | SENIOR DIRECTOR Highest-paid employee | 40 | $111,965 |
| DENISE MCGEOUGH | IMMEDIATE PAST CHAIRMAN Trustee or director | 1 | $0 |
| BONNIE SULLIVAN | CHAIR Trustee or director, Officer | 1 | $0 |
| MICHAEL SCOTT | TREASURER Trustee or director, Officer | 1 | $0 |
| GEOFF HOWELL | CLERK Trustee or director, Officer | 1 | $0 |
| DORRIAN COHEN FRAGOLA | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| PAUL BAUER | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN COHEN | DIRECTOR Trustee or director | 1 | $0 |
| TIFFANY GALLO | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM HARRIS | DIRECTOR Trustee or director | 1 | $0 |
| RICH HOLLWORTH | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL HOULLAHAN | DIRECTOR Trustee or director | 1 | $0 |
| LAUREN LISS | DIRECTOR Trustee or director | 1 | $0 |
| DOUG LANDRY | DIRECTOR Trustee or director, Officer | 1 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS STEELE | DIRECTOR Trustee or director | 1 | $0 |
| MEREDITH HARRIS | DIRECTOR Trustee or director | 1 | $0 |
| SEAN O'BRIEN | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL VEDOVELLI | DIRECTOR Trustee or director | 1 | $0 |
| BILL KANE | DIRECTOR Trustee or director | 1 | $0 |
| JIM BAUDROT | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN FLAVIN | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA TIMILTY | DIRECTOR Trustee or director | 1 | $0 |
| ODILE SMITH | DIRECTOR Trustee or director | 1 | $0 |
| JACK HOGAN | DIRECTOR Trustee or director | 1 | $0 |
| TAYLOR PEDERSON | DIRECTOR Trustee or director | 1 | $0 |
| DAVID ORTENDAHL | DIRECTOR Trustee or director | 1 | $0 |
| TYSON REYNOSO | DIRECTOR Trustee or director | 1 | $0 |
| JOHN HYNES IV | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER ABAIR | EXECUTIVE DIRECTOR Officer | 40 | $161,187 |
| DOUGLAS KEHLHEM | SENIOR DIRECTOR Highest-paid employee | 40 | $117,730 |
| DENISE MCGEOUGH | IMMEDIATE PAST CHAIRMAN Trustee or director | 1 | $0 |
| BONNIE SULLIVAN | CHAIR Trustee or director, Officer | 1 | $0 |
| MICHAEL SCOTT | TREASURER Trustee or director, Officer | 1 | $0 |
| GEOFF HOWELL | CLERK Trustee or director, Officer | 1 | $0 |
| DORRIAN COHEN FRAGOLA | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| PAUL BAUER | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN COHEN | DIRECTOR Trustee or director | 1 | $0 |
| TIFFANY GALLO | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM HARRIS | DIRECTOR Trustee or director | 1 | $0 |
| RICH HOLLWORTH | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL HOULLAHAN | DIRECTOR Trustee or director | 1 | $0 |
| LAUREN LISS | DIRECTOR Trustee or director | 1 | $0 |
| DOUG LANDRY | DIRECTOR Trustee or director, Officer | 1 | $0 |
| CHRIS STEELE | DIRECTOR Trustee or director | 1 | $0 |
| MEREDITH HARRIS | DIRECTOR Trustee or director | 1 | $0 |
| SEAN O'BRIEN | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL VEDOVELLI | DIRECTOR Trustee or director | 1 | $0 |
| BILL KANE | DIRECTOR Trustee or director | 1 | $0 |
| JIM BAUDROT | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN FLAVIN | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA TIMILTY | DIRECTOR Trustee or director | 1 | $0 |
| ODILE SMITH | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 26 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER ABAIR | EXECUTIVE DIRECTOR Officer | 40 | $170,408 |
| DOUGLAS KEHLHEM | SENIOR DIRECTOR Highest-paid employee | 40 | $112,715 |
| DENISE MCGEOUGH | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| BONNIE SULLIVAN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MICHAEL SCOTT | TREASURER Trustee or director, Officer | 1 | $0 |
| GEOFF HOWELL | CLERK Trustee or director, Officer | 1 | $0 |
| DORRIAN COHEN FRAGOLA | ASSISTANT CLERK Trustee or director, Officer | 1 | $0 |
| STEPHAN FLAVIN | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 |
| PAUL BAUER | DIRECTOR Trustee or director | 1 | $0 |
| DAN RIVERA | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN COHEN | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL DIGIANO | DIRECTOR Trustee or director | 1 | $0 |
| TIFFANY GALLO | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM HARRIS | DIRECTOR Trustee or director | 1 | $0 |
| RICH HOLLWORTH | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL HOULLAHAN | DIRECTOR Trustee or director | 1 | $0 |
| LAUREN LISS | DIRECTOR Trustee or director | 1 | $0 |
| DOUG LANDRY | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS STEELE | DIRECTOR Trustee or director | 1 | $0 |
| MEREDITH HARRIS | DIRECTOR Trustee or director | 1 | $0 |
| SEAN O'BRIEN | DIRECTOR Trustee or director | 1 | $0 |
| BRUCE PLATZMAN | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA TIMILTY | DIRECTOR Trustee or director | 1 | $0 |
| KENNETH TURNER | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL VEDOVELLI | DIRECTOR Trustee or director | 1 | $0 |
| BILL KANE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 101 WALNUT ST, WATERTOWN, MA 02472-0000
- In care of
- % PETER ABAIR
- Principal officer (990 for 2024)
- PETER ABAIR, 260 ARSENAL PLACE, WATERTOWN, MA 02472
- Signed the 990
- PETER ABAIR, EXECUTIVE DIRECTOR
- Phone
- (617) 924-4600
- Website
- WWW.MASSECON.COM
- Return prepared by
- STOLBERG & BLANCHETTE LLP
Mission
PROVIDES PROGRAMS AND SERVICES TO SUPPORT THE RETENTION AND GROWTH OF BUSINESS AND JOBS IN MASSACHUSETTS
Program accomplishments
- MARKETING MASSACHUSETTS BY PROVIDING INFORMATION SERVICES TO COMPANIES SEEKING TO EXPAND WITHIN OR RELOCATE TO MASSACHUSETTS; ENHANCE JOB CREATION AND ECONOMIC BASE.Expenses $477,206 · revenue $572,589
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3172007
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $164,069
- Income (IRS master file)
- $575,525
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $575,525 | $700,443 | $164,069 | IRS |
| 990 | June 2024 | $818,130 | $730,542 | $321,834 | IRS |
| 990 | June 2023 | $482,566 | $747,965 | $228,581 | XML |
| 990 | June 2022 | $610,661 | $677,852 | $473,460 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3172007).
Questions about MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT
- What is the EIN of MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT?
- The employer identification number (EIN) of MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT is 04-3172007.
- Is MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1995.
- Are donations to MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT?
- The 990 for the year ended June 30, 2025 names PETER ABAIR.
- Who are the officers and directors of MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT?
- The 990 for the year ended June 30, 2025 lists 29 people; 2 received compensation from the organization, the highest $170,484 (PETER ABAIR, EXECUTIVE DIRECTOR).
- How much revenue does MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $575,525, expenses of $700,443 and total assets of $164,069 at year end.
Other nonprofits in WATERTOWN
- PERKINS SCHOOL FOR THE BLIND EIN 04-2103616 · last filed 990 for 2025
- BEAVERBROOK STEP INC EIN 04-2518911 · last filed 990 for 2025
- ADDGENE INC EIN 90-0133592 · last filed 990 for 2024
- ICATHOLIC MEDIA INC EIN 04-2395520 · last filed 990 for 2025
- UNITED CEREBRAL PALSY ASSOCIATION OF METRO BOSTON INC EIN 04-2672599 · last filed 990 for 2025
- ALS THERAPY DEVELOPMENT FOUNDATION INC EIN 04-3462719 · last filed 990 for 2025
- EDUCATION RESOURCE STRATEGIES INC EIN 20-1978102 · last filed 990 for 2025
- INSTITUTE FOR HEALTH AND RECOVERY INC EIN 04-3086647 · last filed 990 for 2025