Overview
What is Masschallenge Inc?
Masschallenge Inc, situated in Boston, Massachusetts, is a prominent nonprofit organization that supports entrepreneurship on a global scale. Their primary mission is to empower entrepreneurs by providing them with essential resources to launch and grow successful enterprises. This is achieved through an annual global startup competition, which attracted over 1200 applicants from across the US and the world, resulting in the selection of 125 companies for a comprehensive 4-month accelerator program. During this period, these companies benefit from free office space, educational and networking events, mentorship opportunities, and multi-million dollar in-kind sponsorships from various corporate partners. Masschallenge Inc's team consists of 93 dedicated individuals who are committed to connecting entrepreneurs with the resources they need to launch and succeed immediately.
Official website here: www.masschallenge.org
Is Masschallenge Inc legitimate?
Masschallenge Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masschallenge Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,372,061
Professional Fundraising Fees: $96,000
Other Salaries and Wages: $4,421,144
For more financial information, click here
Official website here: www.masschallenge.org
What is the mission statement of Masschallenge Inc?
Masschallenge Inc's mission is focused on supporting entrepreneurs. They accomplish this by organizing a global startup competition to stimulate business and job creation and running a 4-month accelerator program to provide resources needed for enterprise growth. The primary activities include hosting an annual competition, documenting and organizing essential resources, and organizing training and networking events. Furthermore, Masschallenge Inc runs a 4-month accelerator program, offering free office space, educational workshops, networking events, mentorship, and in-kind sponsorships to selected startups. The goal is to connect entrepreneurs with the necessary resources to launch and succeed immediately.
Official website here: www.masschallenge.org
Who is the CEO of Masschallenge Inc?
Lisa Mclaughlin is the Ceo/President of Masschallenge Inc. The CEO's salary of Masschallenge Inc is $276,412 and their total compensation is $281,212.
Official website here: www.masschallenge.org
What is the revenue of Masschallenge Inc?
Who are the executives of Masschallenge Inc and what are their salaries?
The average compensation at Masschallenge Inc during 2022 was $62,293. There are 93 employees and 500 volunteers at Masschallenge Inc.
Here are 20 key members and their salaries (Masschallenge Inc's CEO's salary is $276,412 and their total compensation is $281,212):
- Caitlin Brumme (Ceo/President) [Trustee/Director]
- Mary Hopkins (Head Of Us Acceleration)
- Jonathan Nordby (Head Of Community Ecosystem)
- James Sattler Ended 1122 (Vp Of Product & Engineering)
- David Herrick Ended 0422 (Cpo)
- Lauren Dougherty (Treasurer/Clerk/Coo)
- William Magruder (Vice President Of Partnerships)
- Damon Cox (Head Of Next Practice & Inclusive Growth)
- Robert Bitting (Chief Of Staff)
- Lindsay Eulenfeld Ended 0922 (Sr. Director Of Accelerator Design)
- Lauren Mitchell (Senior Director Of Community)
- Ernesto Martinez As Of 0722 (Head Of Development & Innovation)
- Lisa Mclaughlin (Coo (Transition))
- Diane Hessan (Director)
- Fiona Murray (Director)
- John W Harthorne (Director)
- Michael Fanning (Director)
- Travis Mccready (Director)
- William C Cowan (Director)
- Len Schlesinger (Director)
Official website here: www.masschallenge.org
Where can I find the form 990 for Masschallenge Inc?
The Masschallenge Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.masschallenge.org
Learn more at the official website: www.masschallenge.org
Mission Statement of Masschallenge Inc
Masschallenge Inc, a renowned organization, is dedicated to assisting entrepreneurs in launching and growing successful enterprises. Their primary mission is to connect these innovators with the essential resources required for immediate business success. This is accomplished through various activities, such as organizing an annual global startup competition, cataloging and arranging crucial resources, and hosting training and networking events.
One of Masschallenge Inc's key initiatives is the global startup competition, which attracted over 1200 applicants from various parts of the United States and the world in Boston, MA. From this impressive pool of applicants, 125 companies were selected to participate in a comprehensive 4-month accelerator program. This program provides the chosen startups with valuable advantages, including free office space, educational and networking events, access to over 400 mentors, and multi-million dollar in-kind sponsorships from numerous corporate sponsors.
In essence, Masschallenge Inc serves as a supportive platform for budding entrepreneurs, offering them a plethora of resources and opportunities to empower their businesses and accelerate their growth. By connecting them with the necessary tools and guidance, Masschallenge Inc plays a significant role in fostering a thriving entrepreneurial ecosystem.
Impact
This information is meant to be a general summary of Masschallenge Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Masschallenge Inc has made a significant impact by helping entrepreneurs launch and grow successful enterprises. Through their $1M startup competition and 4-month accelerator program, they have catalyzed business and job creation in Massachusetts. They have sponsored a global startup competition in Boston, attracting over 1200 applicants from across the US and the world. The 125 companies selected to enter the accelerator program received valuable resources such as free office space, educational and networking events, access to over 400 mentors, and multi-million in-kind sponsorships from corporate sponsors. Their primary mission is to connect entrepreneurs with the resources they need to launch and succeed immediately, thus contributing to community improvement.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LICENSE FEES
Revenue
$347,625
EVENT REVENUE
Revenue
$45,150
APPLICATION & ADMINISTRATIVE
Revenue
$14,957
Organization Details
Founding Year
2009
Phone
(617) 863-0845
Principal Officer
Lisa Mclaughlin
Main Address
10 FAN PIER BLVD 3RD FLOOR, BOSTON, MA, 02210
Website
www.masschallenge.org
NTEE Category
Code: S43 - Community improvement
If you are a representative of Masschallenge Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.