MASSACHUSETTS TAXPAYERS FOUNDATION INC

EIN: 041590310 501(c)(3) Public & Societal Benefit

BOSTON, MA

Total Revenue
$1,959,606
Total Expenses
$1,662,578
Total Assets
$3,664,066
Net Assets
$3,611,356
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Financial Trends

Organization Details

Formation Year
1932
Legal Domicile
MA
Principal Officer
DOUGLAS HOWGATE
Phone
6177201000
Tax Period
2024-01-01 to 2024-12-31

MASSACHUSETTS TAXPAYERS FOUNDATION INC, founded in 1932, is a community nonprofit in the Public & Societal Benefit sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $297K, a strong 15% operating margin.

Mission

MASSACHUSETTS TAXPAYERS FOUNDATION PROVIDES PUBLIC & PRIVATE SECTOR DECISION MAKERS WITH ACCURATE, TIMELY, UNBIASED RESEARCH & CONSTRUCTIVE SOLUTIONS THAT DRIVE PUBLIC POLICY IN ORDER TO STRENGTHEN THE STATE'S FINANCES & POSITION THE COMMONWEALTH FOR LONG-TERM GROWTH.

Program Service Accomplishments

Program 1
Expenses: $1,035,881

ANALYSIS OF THE STATE BUDGET:PERFORMED RESEARCH AND ANALYSIS, RELEASED PUBLICATIONS AND WORKED FOR REFORM ON A WIDE RANGE OF ISSUES AFFECTING THE COMMONWEALTH OF MASSACHUSETTS INCLUDING HEALTH CARE...

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ANALYSIS OF THE STATE BUDGET:PERFORMED RESEARCH AND ANALYSIS, RELEASED PUBLICATIONS AND WORKED FOR REFORM ON A WIDE RANGE OF ISSUES AFFECTING THE COMMONWEALTH OF MASSACHUSETTS INCLUDING HEALTH CARE, BUSINESS COSTS AND TRANSPORTATION FUNDING TO TAX COMPETITIVENESS, CAPITAL INVESTMENTS AND STATE AND LOCAL FINANCES.

Program 2
Revenue: $44,900

ANNUAL TAX CONFERENCE WITH TAX PRACTITIONERS AND GOVERNMENT OFFICIALS TO DISCUSS MASSACHUSETTS STATE AND LOCAL TAXES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,788,938
Program Service Revenue $44,900
Investment Income $125,768
Other Revenue $0
TOTAL REVENUE $1,959,606

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,189,351
Fundraising Expenses $244,290
Program Expenses $1,035,881
Other Expenses $473,227
TOTAL EXPENSES $1,662,578

Year-over-Year Comparison

2024 2023 Change
Revenue $1,959,606 $1,613,008 +0.2%
Expenses $1,662,578 $1,427,213 +0.2%
Net Income $297,028 $185,795 +0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
111
Independent Members
110
Employees
8
Volunteers
97

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$368,938
Total Directors
111
$368,938
Key Employees
1
$201,537
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS R HOWGATE PRESIDENT & SECRETARY 50.00
Officer Director
$346,036 $22,902 $368,938
ANDREW BAGLEY VICE PRESIDENT FOR POLICY 50.00
Key Emp
$192,960 $8,577 $201,537
MEAGHAN CALLAHAN DIRECTOR OF RESEARCH 50.00
Highest
$127,011 $13,371 $140,382
DEBRA CARROLL DIRECTOR OF MEMBERSHIP & B 50.00
Highest
$120,251 $14,377 $134,628
KRISTEN LEWIS CHAIR 1.00
Officer Director
$0 $0 $0
DOMINICK IANNO VICE CHAIR 1.00
Officer Director
$0 $0 $0
MATTHEW D SCHNALL TREASURER 1.00
Officer Director
$0 $0 $0
KOLA AKINDELE TRUSTEE 1.00
Director
$0 $0 $0
GRACE ARSENAULT TRUSTEE 1.00
Director
$0 $0 $0
TERENCE AVELLA TRUSTEE 1.00
Director
$0 $0 $0
DAVID AVERILL TRUSTEE 1.00
Director
$0 $0 $0
DONALD BALDINI TRUSTEE 1.00
Director
$0 $0 $0
BRENT BARKER TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL BERGAN TRUSTEE 1.00
Director
$0 $0 $0
TIMOTHY BOMBARD TRUSTEE 1.00
Director
$0 $0 $0
BRIGID BOYD TRUSTEE 1.00
Director
$0 $0 $0
GIRARD BRISBOIS TRUSTEE 1.00
Director
$0 $0 $0
GARY BUA TRUSTEE 1.00
Director
$0 $0 $0
BRIAN ELLIOT BURKE TRUSTEE 1.00
Director
$0 $0 $0
HELEN BURT TRUSTEE 1.00
Director
$0 $0 $0
JOCCOLE BURTON TRUSTEE 1.00
Director
$0 $0 $0
PATRICK CAHILL TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL CALJOUW TRUSTEE 1.00
Director
$0 $0 $0
JOHN CANTALUPO TRUSTEE 1.00
Director
$0 $0 $0
CHRISTINE CASSIDY TRUSTEE 1.00
Director
$0 $0 $0
PATRICK CERUNDOLO TRUSTEE 1.00
Director
$0 $0 $0
KRISTIN CHRISTOPHER TRUSTEE 1.00
Director
$0 $0 $0
GEORGE F CRONIN TRUSTEE 1.00
Director
$0 $0 $0
TIMOTHY DELGUIDICE TRUSTEE 1.00
Director
$0 $0 $0
REBECCA DIAZ TRUSTEE 1.00
Director
$0 $0 $0
BRIAN DOMORETSKY TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH DRISCOLL ESQ TRUSTEE 1.00
Director
$0 $0 $0
GAIL EAGAN ESQ TRUSTEE 1.00
Director
$0 $0 $0
JOHN EMRA TRUSTEE 1.00
Director
$0 $0 $0
SASKIA EPSTEIN TRUSTEE 1.00
Director
$0 $0 $0
JOHN ERWIN TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL FERRARI TRUSTEE 1.00
Director
$0 $0 $0
CHRISTINA FISHER TRUSTEE 1.00
Director
$0 $0 $0
JAMES FITZGERALD TRUSTEE 1.00
Director
$0 $0 $0
GEOFFERY GALLO TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL GERMANO TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL GILLES TRUSTEE 1.00
Director
$0 $0 $0
PAMELA GLAZIER TRUSTEE 1.00
Director
$0 $0 $0
AIMEE GOLBITZ TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM GRANT TRUSTEE 1.00
Director
$0 $0 $0
JOSHUA GREENBERG TRUSTEE 1.00
Director
$0 $0 $0
BRIAN P GRIP TRUSTEE 1.00
Director
$0 $0 $0
PIERCE HALEY TRUSTEE 1.00
Director
$0 $0 $0
MORGAN HARRIS TRUSTEE 1.00
Director
$0 $0 $0
NANCY HILL TRUSTEE 1.00
Director
$0 $0 $0
JENNY HOLADAY TRUSTEE 1.00
Director
$0 $0 $0
PATRICK HOLLAND TRUSTEE 1.00
Director
$0 $0 $0
PETER HOWE TRUSTEE 1.00
Director
$0 $0 $0
THOMAS JACKMIN TRUSTEE 1.00
Director
$0 $0 $0
BRENDAN JOYCE TRUSTEE 1.00
Director
$0 $0 $0
JAMIE KATZ ESQ TRUSTEE 1.00
Director
$0 $0 $0
DENIS KENNEDY TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM KENNEDY TRUSTEE 1.00
Director
$0 $0 $0
ROBERT KESTER TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL KNAPIK TRUSTEE 1.00
Director
$0 $0 $0
CAROLINE KUPIEC TRUSTEE 1.00
Director
$0 $0 $0
EDWARD H LADD TRUSTEE 1.00
Director
$0 $0 $0
JAMES LEARY TRUSTEE 1.00
Director
$0 $0 $0
STEPHANIE LEE TRUSTEE 1.00
Director
$0 $0 $0
ANDREW LEVINE TRUSTEE 1.00
Director
$0 $0 $0
EUSTACIA REIDY MACNAUGHT TRUSTEE 1.00
Director
$0 $0 $0
JOHN MAHER TRUSTEE 1.00
Director
$0 $0 $0
KEITH MAHONEY TRUSTEE 1.00
Director
$0 $0 $0
DAVID MCCREADY TRUSTEE 1.00
Director
$0 $0 $0
MICHELLE MCGEE TRUSTEE 1.00
Director
$0 $0 $0
DANIELA MICHANIE TRUSTEE 1.00
Director
$0 $0 $0
ADAM MOEHRING TRUSTEE 1.00
Director
$0 $0 $0
DAVID MORALES TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN MOSHA TRUSTEE 1.00
Director
$0 $0 $0
CHARLES MURPHY TRUSTEE 1.00
Director
$0 $0 $0
LISA MURRAY TRUSTEE 1.00
Director
$0 $0 $0
DANIEL NELSON TRUSTEE 1.00
Director
$0 $0 $0
DAVID NORMAN TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY ODONNELL TRUSTEE 1.00
Director
$0 $0 $0
THOMAS O'DONNELL TRUSTEE 1.00
Director
$0 $0 $0
STEPHAN OEHLER TRUSTEE 1.00
Director
$0 $0 $0
FRANCIS ORLANDO TRUSTEE 1.00
Director
$0 $0 $0
POONAM PATIDAR TRUSTEE 1.00
Director
$0 $0 $0
LAURA PEABODY TRUSTEE 1.00
Director
$0 $0 $0
NATHAN PHAM TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL E PORTER TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER PRIPLATA TRUSTEE 1.00
Director
$0 $0 $0
HENRI RAUSCHENBACH TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW REGAN TRUSTEE 1.00
Director
$0 $0 $0
BETH RIPORTELLA TRUSTEE 1.00
Director
$0 $0 $0
BRENDAN ROCHE TRUSTEE 1.00
Director
$0 $0 $0
JULIE RODGERS TRUSTEE 1.00
Director
$0 $0 $0
JACOB ROSENFELD TRUSTEE 1.00
Director
$0 $0 $0
ROBERT ROSS TRUSTEE 1.00
Director
$0 $0 $0
MARK RUGGIERO TRUSTEE 1.00
Director
$0 $0 $0
FREDRICK RYAN TRUSTEE 1.00
Director
$0 $0 $0
YVES SALOMON-FERNANDEZ TRUSTEE 1.00
Director
$0 $0 $0
JAKE SANDERS TRUSTEE 1.00
Director
$0 $0 $0
LEANNE SCOTT TRUSTEE 1.00
Director
$0 $0 $0
AMIE SHEI TRUSTEE 1.00
Director
$0 $0 $0
JIM SMITH TRUSTEE 1.00
Director
$0 $0 $0
JESSE STANSEA TRUSTEE 1.00
Director
$0 $0 $0
JANE STEINMETZ TRUSTEE 1.00
Director
$0 $0 $0
JUSTIN STERRITT TRUSTEE 1.00
Director
$0 $0 $0
DAVID SWEENEY TRUSTEE 1.00
Director
$0 $0 $0
TIMOTHY SWEENEY TRUSTEE 1.00
Director
$0 $0 $0
JAY TATA TRUSTEE 1.00
Director
$0 $0 $0
BROOKE THOMPSON TRUSTEE 1.00
Director
$0 $0 $0
JULIEANN M THURLOW TRUSTEE 1.00
Director
$0 $0 $0
STEVE TRINGALE TRUSTEE 1.00
Director
$0 $0 $0
GRANT WARD TRUSTEE 1.00
Director
$0 $0 $0
ADAM WEINER TRUSTEE 1.00
Director
$0 $0 $0
KERRY WHELAN TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH ZELIC TRUSTEE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,959,606 $1,662,578 $3,664,066 $297,028
2023 $1,613,008 $1,427,213 $3,253,891 $185,795
2022 $1,475,404 $1,649,346 $2,957,985 $-173,942
2021 $1,504,085 $1,418,707 $3,568,031 $85,378
2020 $1,225,837 $1,179,852 $3,386,787 $45,985
2019 $1,513,701 $1,403,035 $3,065,406 $110,666
2018 $1,199,471 $1,203,110 $2,894,273 $-3,639
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