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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 04-3451191

MASSACHUSETTS ECONOMIC DEVELOPMENT FOUNDATION INC

Tax-exempt · WATERTOWN, MA 02472

Financials

$47K$45K2022$9K$14K2023$14K$22K2024
Revenue Expenses · by fiscal year end
Financials of MASSACHUSETTS ECONOMIC DEVELOPMENT FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990-EZ$13,809$22,425-$8,616$6,192$7,518-$1,326
June 30, 2024990-EZ$8,950$14,296-$5,346$20,868$13,578$7,290
June 30, 2023990-EZ$46,770$44,892$1,878$33,410$20,774$12,636
Financial details: 990-EZ for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$4,064
Membership dues
$9,745

Expenses

Compensation of officers, directors and key employees
$0
Other expenses
$22,425
Program services (functional)
$22,281

Balance sheet and other

Total assets, start of year
$20,868
Total assets, end of year
$6,192
Total liabilities, end of year
$7,518
Net assets, end of year
-$1,326
Cash, savings and investments
$1,605
Gross receipts
$13,809

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-EZ for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
MICHAEL SCOTTTREASURER1$0
DORRIAN COHEN FRAGOLAVICE CHAIR1$0
BONNIE SULLIVANCHAIR1$0
PETER ABAIREXECUTIVE DIRECTOR1$0
990-EZ for the year ended June 30, 2024: 4 people
NameTitleHours / weekCompensation
MICHAEL SCOTTTREASURER1$0
DORRIAN COHEN FRAGOLAVICE CHAIR1$0
BONNIE SULLIVANCHAIR1$0
PETER ABAIREXECUTIVE DIRECTOR1$0
990-EZ for the year ended June 30, 2023: 4 people
NameTitleHours / weekCompensation
MICHAEL SCOTTTREASURER1$0
DENISE MCGEOUGHCHAIRMAN1$0
BONNIE SULLIVANVICE CHAIR1$0
PETER ABAIREXECUTIVE DIRECTOR1$0

Address and contacts

Address (IRS master file)
260 ARSENAL PL, WATERTOWN, MA 02472-3171
In care of
% PETER ABAIR
Signed the 990-EZ
PETER ABAIR, EXECUTIVE DIRECTOR
Phone
(617) 924-4600
Return prepared by
STOLBERG & BLANCHETTE LLP

Mission

TO PROMOTE AND EDUCATE THE COMMUNITY ABOUT ECONOMIC DEVELOPMENT IN MASSACHUSETTS

990-EZ for the year ended June 30, 2025

Program accomplishments

  • THE FOUNDATION MARKETS MASSACHUSETTS AS A PLACE TO DO BUSINESS, HOSTS EDUCATIONAL PROGRAMS RELATING TO THE ECONOMY AND PROVIDES SERVICES THAT ENHANCE JOB CREATION
    Expenses $22,281

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990-EZ on file
2023June 30, 2024November 15, 2024990-EZ on file

File the 2025 990-N for MASSACHUSETTS ECONOMIC DEVELOPMENT FOUNDATION INC

Due November 16, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
04-3451191
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1999
Accounting year ends
June
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$6,192
Income (IRS master file)
$13,809

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZJune 2025$13,809$22,425$6,192IRS
990-EZJune 2024$8,950$14,296$20,868IRS
990-EZJune 2023$46,770$44,892$33,410XML
990-EZJune 2022–––IRS
990-EZJune 2021–––IRS
990-EZJune 2020–––IRS
990-EZJune 2019–––IRS
990-EZJune 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 04-3451191).

Questions about MASSACHUSETTS ECONOMIC DEVELOPMENT FOUNDATION INC

What is the EIN of MASSACHUSETTS ECONOMIC DEVELOPMENT FOUNDATION INC?
The employer identification number (EIN) of MASSACHUSETTS ECONOMIC DEVELOPMENT FOUNDATION INC is 04-3451191.
Is MASSACHUSETTS ECONOMIC DEVELOPMENT FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to MASSACHUSETTS ECONOMIC DEVELOPMENT FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does MASSACHUSETTS ECONOMIC DEVELOPMENT FOUNDATION INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of MASSACHUSETTS ECONOMIC DEVELOPMENT FOUNDATION INC 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 ECONOMIC DEVELOPMENT FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
Who are the officers and directors of MASSACHUSETTS ECONOMIC DEVELOPMENT FOUNDATION INC?
The 990-EZ for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does MASSACHUSETTS ECONOMIC DEVELOPMENT FOUNDATION INC have?
On its 990-EZ for the year ended June 30, 2025 it reported revenue of $13,809, expenses of $22,425 and total assets of $6,192 at year end.

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