Techsandbox Inc C/o Morse Barnes-brown Pendleton

Nonprofit profile at a glance

EIN
461452708
IRS 990-EZ coverage
2013–2018
Forms available
Form 990-EZ 2018, Form 990-N 2012
Location
Waltham, MA, USA
Phone
6178517917
Rating
37
Verdict
REVIEW
Rating confidence
Moderate
Sector
Computer Science

Official website

Reported finances

Revenue
$90
Expenses
$234
Assets
$4,026
Liabilities
$1,416

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • BARBARA FINER (CEO)

People named in this filing

  • BARBARA FINER (CEO)
  • MICHAEL MILLER JD (BOARD MEMBER)
  • JULIA W CHEVALIER (TREASURER, BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To establish an innovation center to mentor, educate, train and support science and technology entrepreneurs with their product or service development and to raise funds needed to sustain these activities.

What it reported doing in 2018

Techsandbox has created a co-working incubator supporting the sci-tech startup community with on-site access to valuable resources. Our program provides a place to collaborate, innovate and connect and facilitates panels, workshops and the expansion of existing professional associations' programs to the region. Techsandbox has brought a voice to the whole region, while increasing visibility, recognition, cohesion and growth among science and technology entrepreneurs. Techsandbox has 13 entrepreneurs in residence, 50 non-resident members and 50 volunteers utilizing the coworking space and holds approximately 4 to 10 educational programs of varying sizes per month.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 39
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -160%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 17.21; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 5.3% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: -14.9% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: -34.1% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2013 to 2018
  • Contacts: How to reach this organization
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.