EIN 27-0382989

MassChallenge

IRS 501(c) type
501(c)(3)
Num. employees
64
City
Year formed
2009
Most recent tax filings
2023-12-01
Description
To help startups win without taking equity. We envision a creative and inspired society in which everyone recognizes that they can define their future and is empowered to maximize their impact.
Total revenues
$10,286,561
2023
Total expenses
$11,179,155
2023
Total assets
$8,735,400
2023
Num. employees
64
2023

Program areas at MassChallenge

Ran a global startup competition in boston, ma with 4000+ applicants from across the us and the world.selected 400 companies to enter a 4 month accelerator program.the 400 companies in the accelerator program received free office space, several educational and networking events, access to 400+ mentors, and access to multi million in-kind sponsorships from various corporate sponsors.

Grants made by MassChallenge

GranteeGrant descriptionAmount
Boston Green Academy FoundationSeed Money for Early-Stage Entrepreneurs$25,000
New England AquariumSeed Money for Early-Stage Entrepreneurs$10,000

Who funds MassChallenge

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
JP Morgan Chase FoundationIn Support of Underserved Small Business Expansion$450,000
Combined Jewish Philanthropies of Greater BostonDaf - Social Services$300,000
The Denver FoundationSmall Business Development$175,000
...and 11 more grants received

Personnel at MassChallenge

NameTitleCompensation
Cait BrummeChief Executive Officer
Caitlin BrummeChief Executive Officer and President / Managing Director$311,975
Lauren DoughertyTreasurer and Clerk and Chief Operating Officer / Treasurer and Chief Operating Officer$177,437
Lisa McLaughlinChief Operating Officer$210,832
Robby BittingChief of Staff
...and 21 more key personnel

Financials for MassChallenge

RevenuesFYE 12/2023
Total grants, contributions, etc.$9,964,558
Program services$319,775
Investment income and dividends$2,228
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$10,286,561

Form 990s for MassChallenge

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-11-03990View PDF
2019-122021-02-19990View PDF
...and 11 more Form 990s
Data update history
January 6, 2025
Updated personnel
Identified 6 new personnel
January 4, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 3, 2025
Used new vendors
Identified 2 new vendors, including , and
October 23, 2024
Received grants
Identified 3 new grant, including a grant for $300,000 from Combined Jewish Philanthropies of Greater Boston
May 19, 2024
Received grants
Identified 3 new grant, including a grant for $50,000 from Center for the Advancement of Science in Space (CASIS)
Nonprofit Types
Grantmaking organizationsSocial advocacy organizationsBusiness and community development organizationsCharities
Issues
Business and industry
Characteristics
Operates internationallyReceives government fundingCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
10 Fan Pier Blvd 3rd Floor
Boston, MA 02210
Metro area
Boston-Cambridge-Newton, MA-NH
County
Suffolk County, MA
Website URL
masschallenge.org/ 
Phone
(888) 782-7820
Twitter profile
@masschallenge 
IRS details
EIN
27-0382989
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2009
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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