Chile Massachusetts Alliance Inc

Nonprofit profile at a glance

EIN
822227533
IRS 990 coverage
2018–2025
Forms available
Form 990 2025, Form 990-EZ 2020
Location
Cambridge, MA, USA
Phone
6174777203
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Promotion of International Understanding

Official website

Reported finances

Revenue
$366,559
Expenses
$299,287
Assets
$169,962
Liabilities
$357

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • RAMON SALINAS (PRESIDENT)

Highest reported compensation

  • FERNANDA SOZA (EXECUTIVE DI): $78,108 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Chilemass connects institutions across chile and Massachusetts to advance education, innovation, and economic development. Through stategic partnerships, programs, and convenings, the organization designs and implements initiatives that build human capital, support entrepreneurship, and expand access to knowledge and emerging technologies for the public benefit.

What it reported doing in 2025

Chilemass hub launched in 2019, the chilemass hub is a membership-based platform that connects chilean institutions with the Massachusetts innovation ecosystem, enabling technology transfer, strategic collaboration, and access to global networks. Through a combination of tailored advisory, curated connections, and immersion experiences, the hub supports organizations in advancing their innovation agendas, identifying emerging technologies, and building partnerships with universities, startups, research centers, and industry leaders in the united states. Members also benefit from access to chilemass office space at the cambridge innovation center (cic), located at the heart of the boston innovation district. In 2025, the hub brought together seven institutional members: agrosuper, sofofa hub, corporacin ciudades, universidad andrs bello, symnetics/pharu analytics, fundacin kodea, and ceibo spa. Throughout the year, chilemass designed and implemented a range of high- impact activities, including executive immersion programs, technology scouting initiatives, and strategic delegations to boston. These included the "ready 2 digital" executive program, focused on digital transformation and ai, as well as university and student immersion experiences, such as a delegation from universidad andrs bello and a stem-focused innovation week for university students. The hub also leads the boston bootcamp - entrepreneurship & amp; innovation experience, a one-week immersive program for undergraduate stem students that promotes entrepreneurship, innovation, and global exposure. Now in its third year, the program has engaged 27 chilean students from leading universities, combining academic sessions, visits to top institutions, and networking opportunities across the boston ecosystem. By combining long-term partnerships with hands-on execution, the chilemass hub plays a key role in strengthening cross-border collaboration, developing talent, and positioning chilean institutions within global innovation networks.

Operating model

Revenue model
Earned-program. 63% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 86
  • Accountability: 68
  • Sustainability: 48
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.1%; rating input score 65
  • Program expense ratio: 79.7%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 24th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.7%; rating input score 86; 25th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 18.4%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 0.57; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 26.1%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 5.4% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 13.1% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: -6.9% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 65.1% of revenue deployed · 79.7% of spending went to programs
  • Governance: 6 of 7 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $239K in reported program spending
  • Leadership: top reported pay $78K · 7 people listed
  • Consistency: 21 of 22 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 5 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.