CHILE MASSACHUSETS ALLIANCE INC

EIN: 822227533 501(c)(3) International Affairs

CAMBRIDGE, MA

Total Revenue
$604,274
Total Expenses
$638,489
Total Assets
$137,008
Net Assets
$97,986
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MA
Principal Officer
FERNANDA SOZA
Phone
6174777203
Tax Period
2023-01-01 to 2023-12-31

CHILE MASSACHUSETS ALLIANCE INC, founded in 2017, is a small nonprofit in the International Affairs sector that reported $604K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION OPERATES WITHIN A MATCHMAKING MODEL AND ACTIVELY MAPS ORGANIZATIONS THAT HAVE COMPLEMENTARY COLLABORATIVE POTENTIAL AND INVITES THEM TO DEVELOP PROJECTS THAT ARE MUTUALLY BENEFICIAL TO BOTH GEOGRAPHIES.

Program Service Accomplishments

Program 1
Expenses: $94,351

CHILEMASS TEACHERS PROGRAM AIMS TO IMPROVE ENGLISH AS A SECOND LANGUAGE AND ALSO METHODOLOGICAL SKILLS OF TEACHERS IN ORDER TO IMPROVE PUBLIC EDUCATION IN CHILE. THE PROGRAM TAKES INTO CONSIDERATION...

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CHILEMASS TEACHERS PROGRAM AIMS TO IMPROVE ENGLISH AS A SECOND LANGUAGE AND ALSO METHODOLOGICAL SKILLS OF TEACHERS IN ORDER TO IMPROVE PUBLIC EDUCATION IN CHILE. THE PROGRAM TAKES INTO CONSIDERATION THAT MASSACHUSETTS HAS THE BEST PUBLIC EDUCATION IN THE NATION AND ONE OF THE BEST IN THE WORLD, AND THAT CHILEMASS, BEING LOCATED IN BOSTON, COULD BE A BRIDGE THAT HELPS TO BRING THAT KNOWLEDGE TO CHILE THROUGH THE CREATION OF A PROGRAM FOCUSED ON TEACHERS TO IMPROVE THE EDUCATIONAL SYSTEM. TRAINING OUR TEACHERS IN A SECOND LANGUAGE, SUCH AS ENGLISH, CAN HELP GENERATE A BILINGUAL MENTALITY WITHIN THE COUNTRY WHICH CAN BE A PLATFORM FOR ATTAINING OUR ECONOMIC DEVELOPMENT GOALS. THERE IS RECIPROCITY IN THE EXCHANGE PROVIDED IN THIS PROGRAM, AS MASSACHUSETTS NEEDS NATIVE SPANISH TEACHERS FOR ITS PUBLIC SCHOOL SYSTEM. PARTICIPANTS FROM CHILE STUDIED ENGLISH AND ALSO SERVED THE LOCAL SCHOOL SYSTEM BY SHADOWING AND PARTICIPATING IN CLASSROOM INSTRUCTION. THE PROGRAM HAS A DIGITAL PHASE, IN WHICH TEACHERS IMPROVE THEIR LANGUAGES SKILLS WITH INSTRUCTORS FROM FSU, AND ALSO HAVE CLASSES ABOUT SOCIAL EMOTIONAL AND MAKER CENTERED LEARNING WITH LESLEY UNIVERSITY, TO FOSTER CREATIVITY THROUGH SCIENCE AND INNOVATION. FURTHERMORE, THE PROGRAM CREATES A CULTURAL EXCHANGE, ENRICHING THE EXPERIENCE OF TEACHERS AND STUDENTS IN BOTH TERRITORIES. IN 2022, CHILEMASS, UNIVERSIDAD CATOLICA DE CHILE AND OTHER EDUCATIONAL INSTITUTIONS FINANCED 13 TEACHERS OR STUDENT TEACHERS THAT WERE SELECTED AT THE END OF 2022 TO PARTICIPATE IN THE COHORT THAT CAME TO BOSTON IN FEBRUARY 2023. IN THE SAME WAY, 9 STUDENT TEACHERS FROM UNIVERSIDAD CATOLICA WERE SELECTED AT THE END OF 2023, TO COME TO US IN FEBRUARY 2024.

Program 2
Expenses: $320,886

LAUNCHED IN 2019, THE CHILEMASS HUB IS A DYNAMIC PROGRAM FOSTERING TECHNOLOGY AND KNOWLEDGE TRANSFER BETWEEN CHILEAN AND AMERICAN INNOVATORS. BY CONNECTING ITS MEMBERS WITH THE THRIVING MASSACHUSETTS...

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LAUNCHED IN 2019, THE CHILEMASS HUB IS A DYNAMIC PROGRAM FOSTERING TECHNOLOGY AND KNOWLEDGE TRANSFER BETWEEN CHILEAN AND AMERICAN INNOVATORS. BY CONNECTING ITS MEMBERS WITH THE THRIVING MASSACHUSETTS INNOVATION ECOSYSTEM, THE HUB EMPOWERS CHILEAN UNIVERSITIES, COMPANIES, ENTREPRENEURS, AND FOUNDATIONS TO BRING THEIR IDEAS TO LIFE. MEMBERS GAIN ACCESS TO AN EXCLUSIVE NETWORK OF MASSACHUSETTS UNIVERSITIES, ACCELERATORS, LEADING COMPANIES, AND DYNAMIC STARTUPS. THE HUB ALSO PROVIDES PHYSICAL SPACE IN ITS BOSTON OFFICES, FACILITATING TECHNOLOGY SCOUTING, COLLABORATIVE INNOVATION PROJECTS, AND PRODUCTIVE VISITS. LOCATED WITHIN THE VIBRANT CAMBRIDGE INNOVATION CENTER, THE HUB OFFERS A FERTILE GROUND FOR CROSS- BORDER COLLABORATION. IN 2023, THE CHILEMASS HUB WELCOMED EIGHT ESTEEMED MEMBERS: AGROSUPER, SOFOFA HUB, CORPORACIN CIUDADES, ANDRES BELLO UNIVERSITY, COLBN, SYMNETICS/PHARU ANALYTICS, FUNDACIN KODEA, AND FUNDACIN SIDERAL. BEYOND PERMANENT MEMBERSHIPS, THE HUB CURATED TARGETED PROGRAMS, INCLUDING A VISIT FROM ANDRES BELLO UNIVERSITY IN FEBRUARY, WITH 15 MORE PEOPLE WHO STAYED FOR ONE WEEK LEARNING ABOUT THE INNOVATION ECOSYSTEM IN BOSTON, THE "SUMA TALENTO" BOOTCAMP IN JUNE, IN WHICH 7 ENTREPRENEURS FROM THE BIOBIO REGION WERE ABLE TO EXPAND THEIR HORIZONS AND EXPLORE ACADEMIC AND BUSINESS OPPORTUNITIES. FINALLY, CHILEMASS ORGANIZED AN INNOVATION & ENTREPRENEURSHIP PROGRAM DESIGNED FOR UNIVERSITY STUDENTS IN THE AREA OF STEM, FOR A ONE WEEK STAY IN BOSTON IN JULY.

Program 3
Expenses: $39,361

CHILEMASS INNOVATION DAY IS THE LARGEST CHILEAN INNOVATION EVENT OUTSIDE OF CHILE. THIS ANNUAL SUMMIT, HELD IN BOSTON, BRINGS TOGETHER THE BRIGHTEST MINDS FROM LATIN AMERICA AND THE US TO IGNITE...

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CHILEMASS INNOVATION DAY IS THE LARGEST CHILEAN INNOVATION EVENT OUTSIDE OF CHILE. THIS ANNUAL SUMMIT, HELD IN BOSTON, BRINGS TOGETHER THE BRIGHTEST MINDS FROM LATIN AMERICA AND THE US TO IGNITE GROUNDBREAKING IDEAS. A TWO- DAY EVENT FEATURING VARIOUS ACTIVITIES, INCLUDING TALKS BY INTERNATIONAL EXPERTS, ROUNDTABLE DISCUSSIONS, AND NETWORKING ACTIVITIES, ALL FOCUSED ON CUTTING-EDGE TOPICS IN TECHNOLOGY AND INNOVATION. THIS THIRD EDITION OF THE EVENT WAS HELD AT MIT, THE ENGINE, AND THE VENTURE CAF AT THE CAMBRIDGE INNOVATION CENTER, BRINGING MORE THAN 500 PEOPLE TOGETHER FROM LATIN AMERICA AND THE US, INCLUDING LEADERS, INNOVATORS, AND ENTREPRENEURS LOOKING TO EXPLORE NEW PATHS IN THE WORLD OF TECHNOLOGY AND INNOVATION.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $346,016
Program Service Revenue $256,265
Investment Income $1,993
Other Revenue $0
TOTAL REVENUE $604,274

Expense Breakdown

Grants Paid $0
Salaries & Benefits $159,827
Fundraising Expenses $0
Program Expenses $454,598
Other Expenses $478,662
TOTAL EXPENSES $638,489

Year-over-Year Comparison

2023 2022 Change
Revenue $604,274 $514,981 +0.2%
Expenses $638,489 $501,111 +0.3%
Net Income $-34,215 $13,870 -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
8
Independent Members
7
Employees
3
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
4
$75,345
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FERNANDA SOZA EXECUTIVE DI 40.00
Officer
$75,345 $0 $75,345
MICHAEL BROOKS BOARD MEMBER 1.00
Director
$0 $0 $0
SONIA COX BOARD MEMBER 1.00
Director
$0 $0 $0
YULY FUENTES PRESIDENT 1.00
Officer Director
$0 $0 $0
LORENZO GAZMURI BOARD MEMBER 1.00
Director
$0 $0 $0
MARCELO LARRAGUIBEL BOARD MEMBER 1.00
Director
$0 $0 $0
BRITTANY MCDONOUGH SECRETARY 1.00
Officer Director
$0 $0 $0
RAMON SALINAS TREASURER 1.00
Officer 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 No data No data No data No data
2023 $604,274 $638,489 $137,008 $-34,215
2022 $514,981 $501,111 $310,192 $13,870
2021 $462,677 $432,709 $123,539 $29,968
2018 $310,770 $216,087 $281,691 $94,683
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