Nonprofit · EIN 04-3271457
THE MASSACHUSETTS INSTITUTE FOR A NEW COMMONWEALTH INC
Also known as IDEAS BOSTON
Tax-exempt · BOSTON, MA 02108
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,177,880 | $2,696,023 | $481,857 | $3,260,902 | $1,147,000 | $2,113,902 |
| December 31, 2023 | 990 | $3,170,159 | $2,352,984 | $817,175 | $2,941,807 | $1,309,762 | $1,632,045 |
| December 31, 2022 | 990 | $2,390,769 | $2,619,749 | -$228,980 | $2,466,043 | $1,651,173 | $814,870 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,614,982
- Program service revenue
- $106,492
- Investment income
- $241,588
- Net rental income
- $47,818
- Other revenue
- $214,818
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $406,310
- Other salaries and wages
- $1,047,701
- Salaries, compensation and benefits (total)
- $1,704,430
- Professional fundraising fees
- $0
- Accounting fees
- $108,294
- Occupancy
- $224,811
- Travel
- $9,200
- Depreciation
- $17,303
- Program services (functional)
- $2,303,123
- Management and general (functional)
- $191,549
- Fundraising (functional)
- $201,351
Balance sheet and other
- Total assets, start of year
- $2,941,807
- Total assets, end of year
- $3,260,902
- Total liabilities, end of year
- $1,147,000
- Net assets, end of year
- $2,113,902
- Land, buildings and equipment
- $23,132
- Net assets without donor restrictions
- $343,267
- Net assets with donor restrictions
- $1,770,635
- Gross unrelated business income
- $167,000
- Gross receipts
- $3,177,880
- Employees
- 21
- Volunteers
- 400
- Year formed
- 1995
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSEPH KRIESBERG | CHIEF EXECUTIVE OFFICER Officer | 40 | $211,560 | $10,842 |
| MAEVE DUGGAN | CHIEF OPERATING OFFICER Officer | 40 | $162,540 | $21,367 |
| BENJAMIN FORMAN | RESEARCH DIRECTOR Highest-paid employee | 40 | $136,162 | $21,142 |
| BRUCE MOHL | EDITOR Highest-paid employee | 40 | $132,130 | $20,492 |
| MICHAEL JONAS | EXECUTIVE EDITOR Highest-paid employee | 40 | $117,524 | $16,427 |
| RYAN GARCIA | DIRECTOR OF DEVELOPMENT Highest-paid employee | 40 | $111,100 | $15,154 |
| EILEEN O'CONNOR | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER NASSOUR | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LON POVICH | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LISA WONG | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL HUNTER | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| JOE KENNEDY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REED PASSAFARO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK ERLICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAMELA FEINGOLD | DIRECTOR Trustee or director | 1 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANE GLENN | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS PAPPAS | DIRECTOR Trustee or director | 1 | $0 |
| ENEIDA ROMAN | DIRECTOR Trustee or director | 1 | $0 |
| TRIPP JONES | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS GREEN | DIRECTOR Trustee or director | 1 | $0 |
| BETH LINDSTROM | DIRECTOR Trustee or director | 1 | $0 |
| MARIA FERNANDES-DOMINIQUE | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH MAHONEY | DIRECTOR Trustee or director | 1 | $0 |
| GRACE LEE | DIRECTOR Trustee or director | 1 | $0 |
| ROSALIN ACOSTA | DIRECTOR Trustee or director | 1 | $0 |
| KEITH FAIREY | DIRECTOR Trustee or director | 1 | $0 |
| KATHERINE ADAM | DIRECTOR Trustee or director | 1 | $0 |
| CHRISSY LYNCH | DIRECTOR Trustee or director | 1 | $0 |
| LIZZY GUYTON | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL GOODWINE | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL HEFFERNAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 37 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSEPH KRIESBERG | CHIEF EXECUTIVE OFFICER Officer | 40 | $198,167 | $6,454 |
| MAEVE DUGGAN | CHIEF OPERATING OFFICER Officer | 40 | $157,500 | $20,496 |
| BRUCE MOHL | EDITOR Highest-paid employee | 40 | $136,162 | $21,917 |
| BENJAMIN FORMAN | RESEARCH DIRECTOR Highest-paid employee | 40 | $132,130 | $22,790 |
| MICHAEL JONAS | EXECUTIVE EDITOR Highest-paid employee | 40 | $111,465 | $18,460 |
| EILEEN O'CONNOR | CHAIR (AS OF JUNE 2023) Trustee or director, Officer | 1 | $0 | $0 |
| GREGORY TORRES | CHAIR (UNTIL JUNE 2023) Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER NASSOUR | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LON POVICH | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LISA WONG | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL HUNTER | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW J CALAMARE | DIRECTOR (UNTIL JUNE 2023) Trustee or director | 1 | $0 | $0 |
| KENNETH W ROBINSON | DIRECTOR (UNTIL JUNE 2023) Trustee or director | 1 | $0 | $0 |
| ERIC TURNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEAN CURRAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GERI DENTERLEIN | DIRECTOR (UNTIL JUNE 2023) Trustee or director | 1 | $0 | $0 |
| MARK ERLICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONICA LOWELL | DIRECTOR (UNTIL JUNE 2023) Trustee or director | 1 | $0 | $0 |
| PAMELA FEINGOLD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LANE GLENN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS PAPPAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANN-ELLEN HORNIDGE | DIRECTOR (UNTIL JUNE 2023) Trustee or director | 1 | $0 | $0 |
| ENEIDA ROMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRIPP JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIETTE KAYYEM | DIRECTOR (UNTIL JUNE 2023) Trustee or director | 1 | $0 | $0 |
| THOMAS GREEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOMINICK IANNO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH LINDSTROM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM P MCDERMOTT | DIRECTOR (UNTIL JUNE 2023) Trustee or director | 1 | $0 | $0 |
| RICHARD TISEI | DIRECTOR (UNTIL JUNE 2023) Trustee or director | 1 | $0 | $0 |
| MARIA FERNANDES-DOMINIQUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH MAHONEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GRACE LEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROSALIN ACOSTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH FAIREY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHERINE ADAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEAN RICHLIN | DIRECTOR (UNTIL JUNE 2023) Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 33 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRUCE MOHL | EDITOR & CLERK Highest-paid employee | 40 | $143,200 | $21,751 |
| BENJAMIN FORMAN | RESEARCH DIRECTOR Highest-paid employee | 40 | $132,503 | $20,290 |
| MAEVE DUGGAN | ACTING CEO (AS OF JULY 2022) Officer | 40 | $120,373 | $17,066 |
| CAROLINE HOLSTEIN | DIRECTOR OF HR OPERATIONS Highest-paid employee | 40 | $108,498 | $17,365 |
| MICHAEL JONAS | EXECUTIVE EDITOR Highest-paid employee | 40 | $106,157 | $15,216 |
| LAUREN LOUISON | PRESIDENT (UNTIL JUNE 2022) Trustee or director, Officer | 40 | $76,828 | $14,251 |
| JUANA MATIAS | COO (UNTIL MARCH 2022) Trustee or director, Officer | 40 | $41,570 | $6,758 |
| GREGORY TORRES | CHAIRMAN & TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW J CALAMARE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENNETH W ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC TURNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEAN CURRAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GERI DENTERLEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK ERLICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONICA LOWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAMELA FEINGOLD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LANE GLENN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER NASSOUR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EILEEN O'CONNOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS PAPPAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANN-ELLEN HORNIDGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ENEIDA ROMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRIPP JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIETTE KAYYEM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS GREEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL HUNTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOMINICK IANNO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH LINDSTROM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM P MCDERMOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LON POVICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD TISEI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA WONG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIA FEMANDES-DOMINIQUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11 BEACON ST STE 500, BOSTON, MA 02108-3006
- Principal officer (990 for 2024)
- JOSEPH KRIESBERG, 11 BEACON STREET 500, BOSTON, MA 02108
- Signed the 990
- JOSEPH KRIESBERG, PRESIDENT & CEO
- Phone
- (617) 742-6800
- Website
- MASSINC.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
MASSINC'S MISSION IS TO MAKE MASSACHUSETTS A PLACE OF CIVIC VITALITY AND INCLUSIVE ECONOMIC OPPORTUNITY BY PROVIDING RESIDENTS WITH THE NONPARTISAN RESEARCH, REPORTING, ANALYSIS, AND CIVIC ENGAGEMENT NECESSARY TO UNDERSTAND POLICY CHOICES, INFORM DECISION MAKING, AND HOLD THE GOVERNMENT ACCOUNTABLE.
Program accomplishments
- COMMONWEALTH BEACON PROVIDES ITS READERS WITH NON-PARTISAN JOURNALISM COVERING POLITICS, POLICY AND CIVIC LIFE IN MASSACHUSETTS. WE PRODUCE A DAILY NEWSLETTER THAT CONTAINS ORIGINAL REPORTING ON A WIDE RANGE OF ISSUES, INCLUDING HEALTH, HOUSING, TRANSPORTATION, EDUCATION, ENERGY, CRIMINAL JUSTICE, ECONOMIC DEVELOPMENT AND POLITICS. WE ALSO PUBLISH OVER 300 OPINION PIECES PRODUCED BY CIVIC LEADERS IN THE COMMUNITY WHO SHARE THEIR IDEAS WITH THE PUBLIC. COMMONWEALTH BEACON ALSO PRODUCES A WEEKLY PODCAST, CALLED THE CODCAST, THAT FEATURES INTERVIEWS WITH LEADING FIGURES IN GOVERNMENT, BUSINESS AND CIVIC LIFE. IN 2024, WE PUBLISHED OVER 1,000 NEWS STORIES AND 300 OPINION PIECES.Expenses $1,273,578 · revenue $106,492
- THE MASSINC POLICY CENTER ADVANCES MASSINC'S MISSION THROUGH RESEARCH, CONVENING AND COLLABORATION. IN 2024, WE PUBLISHED 8 RESEARCH PAPERS ON A RANGE OF TOPICS FROM WORKFORCE DEVELOPMENT TO EDUCATION TO TRANSPORTATION. THESE RESEARCH PAPERS WERE DEVELOPED IN COLLABORATION WITH COMMUNITY LEADERS AND EXPERTS WHO HELP TO SHAPE OUR RESEARCH QUESTIONS AND UNDERSTAND THE DATA AND FINDINGS. WE SHARE OUR RESEARCH THROUGH PUBLIC EVENTS, EMAILS AND MEETINGS WITH INTERESTED PARTIES. THE POLICY CENTER ALSO HOSTS THE GATEWAY CITIES INNOVATION INSTITUTE WHICH WORKS TO UNLOCK THE ECONOMIC POTENTIAL OF SMALL TO MID-SIZE REGIONAL CITIES. THE INSTITUTE LEVERAGES MASSINC'S RESEARCH, POLLING, AND POLICY TEAM TO STRENGTHEN CONNECTIONS AMONG GATEWAY CITY LEADERS AND ADVANCE A SHARED POLICY AGENDA.Expenses $1,029,545
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3271457
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Crime and legal-related (I057)
- Assets (IRS master file)
- $3,260,902
- Income (IRS master file)
- $3,177,880
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,177,880 | $2,696,023 | $3,260,902 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $3,170,159 | $2,352,984 | $2,941,807 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $2,390,769 | $2,619,749 | $2,466,043 | XML |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 04-3271457).
Questions about THE MASSACHUSETTS INSTITUTE FOR A NEW COMMONWEALTH INC
- What is the EIN of THE MASSACHUSETTS INSTITUTE FOR A NEW COMMONWEALTH INC?
- The employer identification number (EIN) of THE MASSACHUSETTS INSTITUTE FOR A NEW COMMONWEALTH INC is 04-3271457.
- Is THE MASSACHUSETTS INSTITUTE FOR A NEW COMMONWEALTH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to THE MASSACHUSETTS INSTITUTE FOR A NEW COMMONWEALTH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE MASSACHUSETTS INSTITUTE FOR A NEW COMMONWEALTH INC 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 THE MASSACHUSETTS INSTITUTE FOR A NEW COMMONWEALTH INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE MASSACHUSETTS INSTITUTE FOR A NEW COMMONWEALTH INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE MASSACHUSETTS INSTITUTE FOR A NEW COMMONWEALTH INC?
- The 990 for the year ended December 31, 2024 names JOSEPH KRIESBERG.
- Who are the officers and directors of THE MASSACHUSETTS INSTITUTE FOR A NEW COMMONWEALTH INC?
- The 990 for the year ended December 31, 2024 lists 31 people; 6 received compensation from the organization, the highest $211,560 (JOSEPH KRIESBERG, CHIEF EXECUTIVE OFFICER).
- How much revenue does THE MASSACHUSETTS INSTITUTE FOR A NEW COMMONWEALTH INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,177,880, expenses of $2,696,023 and total assets of $3,260,902 at year end.
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All nonprofits in BOSTON · Massachusetts · Crime and legal-related