MIT Enterprise Forum Inc

EIN: 042921492 501(c)(3)

Cambridge, MA

Total Revenue
N/A
Total Expenses
$42,000
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MA
Phone
6174758100
Tax Period
2021-07-01 to 2022-06-30

Mission

We inform, connect, and coach technology entrepreneurs-enabling them to rapidly transform ideas into world-changing companies. We are a global network of local organizations, inspired by MIT, and open to the world.

Program Service Accomplishments

Program 1
Expenses: $42,000 Revenue: $0

The Massachusetts Institute of Technology Enterprise Forum, Inc. (MITEF) is an entrepreneurial support organization that provides support programs to technology entrepreneurs and its surrounding...

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The Massachusetts Institute of Technology Enterprise Forum, Inc. (MITEF) is an entrepreneurial support organization that provides support programs to technology entrepreneurs and its surrounding communities in the form of events, workshops, competitions, mentoring, and coaching. These programs help entrepreneurs commercialize their companies faster and easier.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $42,000
Other Expenses $42,000
TOTAL EXPENSES $42,000

Year-over-Year Comparison

2021 2020 Change
Revenue N/A $80,000 -1.0%
Expenses $42,000 $96,000 -0.6%
Net Income N/A $-16,000 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
1
Employees
N/A
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
3
$688,158
Total Directors
3
$688,158
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Chair and President 2.0
Officer Director
$0 $65,547 $511,510
N/A Treasurer 2.0
Officer Director
$0 $41,998 $176,648
N/A Clerk 2.0
Officer Director
$0 $0 $0
N/A Former President 0.0
$0 $44,496 $235,895
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
2022 No data $42,000 No data No data
2021 $80,000 $96,000 $135,000 $-16,000
2020 $120,000 $120,000 $151,000 No data
2019 $140,000 $64,000 $151,000 $76,000
2018 $232,000 $184,000 $171,000 $48,000
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