The Massachusetts Institute for a New Commonwealth Inc
Nonprofit profile at a glance
- EIN
- 043271457
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Boston, MA, USA
- Phone
- 6177426800
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Research Institutes and Public Policy Analysis
Reported finances
- Revenue
- $3,177,880
- Expenses
- $2,696,023
- Assets
- $3,260,902
- Liabilities
- $1,147,000
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- JOSEPH KRIESBERG (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- JOSEPH KRIESBERG (CHIEF EXECUTIVE OFFICER): $222,402 total reported compensation
- MAEVE DUGGAN (CHIEF OPERATING OFFICER): $183,907 total reported compensation
- BENJAMIN FORMAN (RESEARCH DIRECTOR): $157,304 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Massinc's mission is to make Massachusetts a place of civic vitality and inclusive economic opportunity by providing residents with the nonpartisan research, reporting, analysis, and civic engagement necessary to understand policy choices, inform decision making, and hold the government accountable.
What it reported doing in 2024
The massinc policy center advances massinc's mission through research, convening and collaboration. In 2024, we published 8 research papers on a range of topics from workforce development to education to transportation. These research papers were developed in collaboration with community leaders and experts who help to shape our research questions and understand the data and findings. We share our research through public events, emails and meetings with interested parties. The policy center also hosts the gateway cities innovation institute which works to unlock the economic potential of small to mid-size regional cities. The institute leverages massinc's research, polling, and policy team to strengthen connections among gateway city leaders and advance a shared policy agenda.
Operating model
- Revenue model
- Donor-supported. 82% of the money available for current operations came from contributions and gifts.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 80
- Accountability: 100
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.6%; rating input score 75
- Program expense ratio: 85.4%; rating input score 85
- Fundraising efficiency: $12.99 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: 15.2%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 1.21; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0.35; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 36.2%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: 5.1% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: 15.6% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 74.6% of revenue deployed · 85.4% of spending went to programs
- Governance: 25 of 25 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $2.3M in reported program spending
- Leadership: top reported pay $222K · 31 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $128K reported
- Consistency: 28 of 28 current checks pass
- Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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 — Financial Efficiency: Fundraising efficiency scored 46/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- High — Sustainability: Officer compensation ratio scored 3/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.