Massachusetts International Trade Council Inc

Nonprofit profile at a glance

EIN
042688640
IRS 990 coverage
2009–2009
Forms available
Form 990 2009
Location
Boston, MA, USA
Phone
6178305400
Rating confidence
Limited
Sector
International Economic & Trade Policy

Reported finances

Revenue
$916,607
Expenses
$1,498,147
Assets
$510,991
Liabilities
$121,882

Source: IRS Form 990. Selected filing: tax year 2009. Amounts in USD.

Leadership & pay

9 people listed

Source: IRS Form 990. Selected filing: tax year 2009. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Massachusetts office of international trade & investment (moiti) works to expand the Massachusetts economy by marketing the state's business internationally, through focused export promotion, attracting foreign companies to invest in Massachusetts and handling protocol as it relates to trade and investment.

What it reported doing in 2009

MITCI's Foreign Direct Investment (FDI) projects have enabled significant economic growth for the Commonwealth by assisting foreign companies to access the U.S. Market by establishing a job-creating presence in Massachusetts. In FY2010 17 foreign companies created over $19 million in investment to the state. Highlights include a United Kingdom company which is an established medical device manufacturer specializing in wound care and has already created 20 jobs in Quincy. The FY11 opportunity pipeline of foreign direct investment is robust and poised for the coming recovery. MITCI is currently working with 28 companies from 16 countries representing over 1500 jobs and over $110 million in foreign investment to the Commonwealth.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 46
  • Accountability: 91
  • Sustainability: 15
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -63.4%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.34; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 45; 45th percentile among comparable filings
  • Officer compensation ratio: 12.8%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $1.3M in reported program spending
  • Leadership: top reported pay $105K · 9 people listed
  • Highest-paid contractors: 1 contractor listed
  • Consistency: 24 of 25 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes foreign activity
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

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

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Sustainability: Operating margin scored 3/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 24/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 45/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.