Massachusetts High Technology Council Inc

EIN: 042626050

Burlington, MA

Total Revenue
$2,917,365
Total Expenses
$1,738,169
Total Assets
$1,372,729
Net Assets
$641,672
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
MA
Phone
7817862662
Tax Period
2023-11-01 to 2024-10-31

Massachusetts High Technology Council Inc, founded in 1978, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 40% operating margin.

Mission

The Massachusetts High Technology Council, Inc. is an organization of CEOs andsenior executives representing technology companies, professional services firms,and research institutions who are dedicated to creating and sustaining conditionsthat support investment, job growth and improved quality of life in Massachusetts.Our members are growth-oriented, knowledge-intensive employers and institutionsthat develop, deliver, and depend on technology products, services, and innovationsto advance their organizational objectivesa definition which covers just about allbusiness enterprises in Massachusetts today.The Council advocates for the high technology economy in Massachusetts byproviding members with opportunities to connect with peers, and by facilitatingcooperative relationships and results-focused strategies among senior leaders fromindustry, finance, academia, and government.Our mission is simple: to help make Massachusetts the worlds most attractiveplace in which to live and work, and

Program Service Accomplishments

Program 1

Since 1977, the Massachusetts High Technology Council, Inc. has developed an unmatched record of success by unifying CEO and senior executive decision makers to advance strategies that impact the...

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Since 1977, the Massachusetts High Technology Council, Inc. has developed an unmatched record of success by unifying CEO and senior executive decision makers to advance strategies that impact the most critical public policy decisions facing the Commonwealth of Massachusetts, its job creators and its citizens. In June 2018, we celebrated another notableand historicleadership accomplishment which ranks in importance with several prior Council achievements, including: Enabling the passage of Proposition 2 (1980); drafting and securing the enactment of the states first R&D tax credit (1992); successfully leading a New England-wide collaboration to support the increasingly technology-oriented mission at Hanscom Air Force Base and the US Army Soldier Systems Center in Natick during the federal Base Realignment and Closure review at the request of Sen. Kennedy and Gov. Romney (2005); and engineering the repeal of the Legislatures expansion of the state sales tax to custom computer servicesthe so-called Tech Taxin 2013. On June 18, 2018 the Massachusetts Supreme Judicial Court (SJC) declared the proposed amendment to the State Constitution to establish a permanent $2 billion per year personal income surtax invalid and unconstitutional. Ours was the first challenge to a proposed citizens initiative to amend the Constitution since 1937.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,278,813
Program Service Revenue $1,621,000
Investment Income $2,552
Other Revenue $15,000
TOTAL REVENUE $2,917,365

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,335,071
Fundraising Expenses $0
Other Expenses $403,098
TOTAL EXPENSES $1,738,169

Year-over-Year Comparison

2023 2022 Change
Revenue $2,917,365 $1,402,581 +1.1%
Expenses $1,738,169 $1,869,351 -0.1%
Net Income $1,179,196 $-466,770 -3.5%
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
33
Independent Members
28
Employees
5
Volunteers
N/A

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
5
$741,521
Total Directors
33
$741,521
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christopher R Anderson President 50.00
Officer Director
$608,925 $132,596 $741,521
Raymond Bigelow Director 0.00
Director
$0 $0 $0
John Chartier Director 0.00
Director
$0 $0 $0
Julie Chen Director 0.00
Director
$0 $0 $0
E LaBrent Chrite Director 0.00
Director
$0 $0 $0
Michael J Kendall Secretary 1.00
Officer Director
$0 $0 $0
John Connaughton Director 0.00
Director
$0 $0 $0
Corey Thomas Chairman 1.00
Officer Director
$0 $0 $0
Stephen P DeFalco Director 1.00
Director
$0 $0 $0
Ranch Kimball Director 1.00
Director
$0 $0 $0
Rebecca Diaz Director 0.00
Director
$0 $0 $0
Grace H Lee Director 0.00
Director
$0 $0 $0
Russell Low Director 0.00
Director
$0 $0 $0
John TC Lee Chairman 1.00
Officer Director
$0 $0 $0
Robert L Reynolds Director 1.00
Director
$0 $0 $0
Peter Healy Director 1.00
Director
$0 $0 $0
Valery Panier Director 0.00
Director
$0 $0 $0
Michael P Plisinski Director 0.00
Director
$0 $0 $0
Christopher Egan Director 1.00
Director
$0 $0 $0
Adam Partnoy Director 0.00
Director
$0 $0 $0
Brian Shortsleeve Director 0.00
Director
$0 $0 $0
William J Ribaudo Treasurer 1.00
Officer Director
$0 $0 $0
Grace Wang Director 0.00
Director
$0 $0 $0
Douglas Robbins Director 1.00
Director
$0 $0 $0
John Weaver Director 0.00
Director
$0 $0 $0
Jean-Charles Wirth Director 0.00
Director
$0 $0 $0
Navjot Singh Director 1.00
Director
$0 $0 $0
John Capone Director 1.00
Director
$0 $0 $0
Catherine Kinker Director 1.00
Director
$0 $0 $0
Puneet Mahajan Director 1.00
Director
$0 $0 $0
Dan Shine Director 1.00
Director
$0 $0 $0
Marcelo Suarez-Orozco Director 1.00
Director
$0 $0 $0
Jane Steinmetz Director 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 $2,917,365 $1,738,169 $1,372,729 $1,179,196
2023 $1,402,581 $1,869,351 $457,583 $-466,770
2022 $2,043,088 $2,145,585 $826,752 $-102,497
2021 $1,877,936 $1,616,198 $1,104,161 $261,738
2020 $1,728,736 $1,719,671 $728,878 $9,065
2019 $1,624,561 $1,682,510 $620,501 $-57,949
2018 $1,776,443 $2,073,520 $771,880 $-297,077
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