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Nonprofit · EIN 04-3352691

TIE-ATLANTIC INC

Tax-exempt · CAMBRIDGE, MA 02142

Financials

$492K$522K2023$495K$552K2024
Revenue Expenses · by fiscal year end
Financials of TIE-ATLANTIC INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$495,017$552,145-$57,128$902,425$183,929$718,496
December 31, 2023990$492,300$522,102-$29,802$966,739$191,115$775,624
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$281,180
Membership dues
$281,180
Program service revenue
$187,010
Investment income
$26,827
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$116,308
Other salaries and wages
$117,986
Salaries, compensation and benefits (total)
$267,072
Professional fundraising fees
$0
Accounting fees
$31,609
Occupancy
$10,630
Travel
$12,266
Depreciation
$212
Program services (functional)
$394,485
Management and general (functional)
$157,660

Balance sheet and other

Total assets, start of year
$966,739
Total assets, end of year
$902,425
Total liabilities, end of year
$183,929
Net assets, end of year
$718,496
Land, buildings and equipment
$318
Net assets without donor restrictions
$718,496
Gross receipts
$495,017
Employees
3
Volunteers
0
Year formed
1997
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.

NameTitleHours / weekCompensationOther / benefits
ROWENA K MASCARENHASEXECUTIVE DIRECTOR
Officer
40$109,500$6,000
YASH SHAHFORMER PRESIDENT
Trustee or director, Officer
10$0$0
RAKESH KAMDARFORMER TREASURER
Trustee or director, Officer
5$0$0
DAVID BARBASHSECRETARY/CLERK
Trustee or director, Officer
5$0$0
ANU CHITRAPUDIRECTOR
Trustee or director
1$0$0
MEGHA DESAIRDIRECTOR
Trustee or director
1$0$0
SHIRISH NIMGAONKARDIRECTOR
Trustee or director
1$0$0
ANUPENDRA SHARMADIRECTOR
Trustee or director
1$0$0
GEETHA SREEDHARDIRECTOR
Trustee or director
1$0$0
PURNANAND SARMAPRESIDENT
Trustee or director, Officer
10$0$0
JOE FALCAOTREASURER
Trustee or director, Officer
5$0$0
GAURAV MALLIKDIRECTOR
Trustee or director
5$0$0
PRAMOD KALYANASUNDARAMDIRECTOR
Trustee or director
1$0$0
SUNITA KANCHINADAMDIRECTOR
Trustee or director
1$0$0
ALOK PRASADDIRECTOR
Trustee or director
1$0$0
1 more people on this return
NameTitleHours / weekCompensation
SWARNA BALASUBRAMANIAMDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensation
ROWENA K MASCARENHASEXECUTIVE DI
Officer
40$96,554
YASH SHAHPRESIDENT
Trustee or director, Officer
2$0
RAKESH KAMDARTREASURER
Trustee or director, Officer
2$0
DAVID BARBASHSECRETARY/CL
Trustee or director, Officer
2$0
EMILY LADD-KRAVITZSECRETARY/CL
Trustee or director, Officer
0.5$0
ANU CHITRAPUDIRECTOR
Trustee or director
0.5$0
MEGHA DESAIRDIRECTOR
Trustee or director
0.5$0
SHIRISH NIMGAONKARDIRECTOR
Trustee or director
0.5$0
GAURAV MALLIKDIRECTOR
Trustee or director
0.5$0
ANUPENDRA SHARMADIRECTOR
Trustee or director
0.5$0
GEETHA SREEDHARDIRECTOR
Trustee or director
0.5$0
THOMAS ARULDIRECTOR
Trustee or director
0.5$0
VENKAT MAROJUDIRECTOR
Trustee or director
0.5$0
SANGEETA MOORJANIDIRECTOR
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
1 BROADWAY STE 14, CAMBRIDGE, MA 02142-1187
In care of
% GEETHA RAMAMURTHY
Principal officer (990 for 2024)
PURNANAND SARMA
Signed the 990
PURNANAND SARMA, PRESIDENT
Phone
(617) 225-0419
Return prepared by
GRASSI & CO CPA'S PC

Mission

TIE-BOSTON, INC. WAS FORMED IN 1997 WITH ITS CORE MISSION TO FOSTER, ENCOURAGE AND SUPPORT ENTREPRENEURSHIP IN THE NEW ENGLAND REGION. THROUGH 8 VIBRANT PROGRAMS ON EDUCATION, MENTORING AND NETWORKING, TIE-BOSTON DELIVERS ON CREATING ENTREPRENEURS THAT WILL ADD VALUE TO SOCIETY.

990 for the year ended December 31, 2024

Program accomplishments

  • ACTIVITIES THAT SUPPORT TIE-BOSTON'S VISION TO SUPPORT ENTREPRENEURS THROUGH THEIR LIFECYCLE - FROM IDEATION TO CREATION, THROUGH GROWTH, WEALTH CREATION AND ULTIMATELY, SUPPORT OF CURRENT AND FUTURE FOUNDERS.
    Expenses $394,485 · revenue $187,010

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-3352691
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$902,425
Income (IRS master file)
$495,017

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$495,017$552,145$902,425XML
990December 2023$492,300$522,102$966,739XML
990December 2022$611,943$602,124$982,569IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 04-3352691).

Questions about TIE-ATLANTIC INC

What is the EIN of TIE-ATLANTIC INC?
The employer identification number (EIN) of TIE-ATLANTIC INC is 04-3352691.
Is TIE-ATLANTIC INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
Are donations to TIE-ATLANTIC INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does TIE-ATLANTIC 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 TIE-ATLANTIC 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 TIE-ATLANTIC 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 TIE-ATLANTIC INC?
The 990 for the year ended December 31, 2024 names PURNANAND SARMA.
Who are the officers and directors of TIE-ATLANTIC INC?
The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $109,500 (ROWENA K MASCARENHAS, EXECUTIVE DIRECTOR).
How much revenue does TIE-ATLANTIC INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $495,017, expenses of $552,145 and total assets of $902,425 at year end.

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