Overview
What is Massachusetts Taxpayers Foundation Inc?
Massachusetts Taxpayers Foundation Inc is a nonprofit organization situated in Boston, Massachusetts. With a team of six employees, it conducts comprehensive research and analysis on various issues affecting the Commonwealth of Massachusetts. These topics span across sectors such as healthcare, business costs, transportation funding, tax competitiveness, capital investments, and state and local finances. By releasing publications and advocating for reform, they aim to provide unbiased research and constructive solutions to key decision-makers, ultimately strengthening the state's finances and positioning Massachusetts for long-term growth.
Official website here: www.masstaxpayers.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: One-Star out of Four Stars (56%)
The Massachusetts Taxpayers Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial management and transparency. While the organization demonstrates strengths in areas such as governance, with a highly independent board and strong oversight mechanisms, it has notable deficiencies in its financial reporting and program expenditure.
The foundation scored particularly well in its accountability practices, with a fully independent board and robust policies for conflict of interest, whistleblowing, and document retention. However, its financial metrics raise flags, particularly the low program expense ratio of 44.70%, suggesting that a significant portion of its resources may not be directed toward its stated mission. Additionally, the absence of its tax form on its website further detracts from its transparency.
Overall, while the Massachusetts Taxpayers Foundation Inc has established good governance practices, the organization's financial performance and transparency issues are concerning and may impact donor confidence. Stakeholders may want to consider these factors when evaluating their support for the foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts Taxpayers Foundation Inc legitimate?
Massachusetts Taxpayers Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Taxpayers Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $511,946
Professional Fundraising Fees: $0
Other Salaries and Wages: $443,666
For more financial information, click here
Official website here: www.masstaxpayers.org
What is the mission statement of Massachusetts Taxpayers Foundation Inc?
The Massachusetts Taxpayers Foundation Inc serves as a resource for key decision-makers, providing them with unbiased research and constructive solutions. Its mission is to enhance the financial stability of the state and position the commonwealth for long-term growth. Through comprehensive analysis and publications, the foundation works towards reform in various issues affecting Massachusetts, such as healthcare, business costs, transportation funding, tax competitiveness, capital investments, and state and local finances. The organization's goal is to offer accurate and timely research, contributing to the formation of well-informed public policy.
Official website here: www.masstaxpayers.org
What is the revenue of Massachusetts Taxpayers Foundation Inc?
Massachusetts Taxpayers Foundation Inc's revenue in 2023 was $1,613,008.
Official website here: www.masstaxpayers.org
Who are the executives of Massachusetts Taxpayers Foundation Inc and what are their salaries?
The average compensation at Massachusetts Taxpayers Foundation Inc during 2023 was $106,179. There are 9 employees and 98 volunteers at Massachusetts Taxpayers Foundation Inc.
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Official website here: www.masstaxpayers.org
Where can I find the form 990 for Massachusetts Taxpayers Foundation Inc?
Massachusetts Taxpayers Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.masstaxpayers.org
Learn more at the official website: www.masstaxpayers.org
Mission Statement of Massachusetts Taxpayers Foundation Inc
Massachusetts Taxpayers Foundation Inc serves as a reliable source of unbiased research and constructive solutions for key decision-makers in both the public and private sectors. The organization's mission is to strengthen the state's finances and position Massachusetts for long-term growth by providing accurate and timely research. This unbiased data is utilized to drive public policy, addressing various issues affecting the Commonwealth, such as healthcare, business costs, transportation funding, tax competitiveness, capital investments, and state and local finances. By conducting thorough analysis and releasing publications, Massachusetts Taxpayers Foundation Inc plays a significant role in influencing decision-making processes, ultimately aiming to improve the overall financial health of the state.
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Impact
July, 2024
Massachusetts Taxpayers Foundation Inc provides key decision makers with unbiased research and constructive solutions that drive public policy and strengthen the state's finances. Their analysis of the state budget, research on various issues, and publications play a crucial role in shaping policies related to healthcare, business costs, transportation funding, tax competitiveness, capital investments, and state and local finances in the Commonwealth of Massachusetts. By offering accurate and timely information, the organization helps position Massachusetts for long-term growth and ensures that public and private sector leaders have the necessary information to make informed decisions that benefit the state.
This information is meant to be a general summary of Massachusetts Taxpayers Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2023.
- Investment Income: $57,893
- Program Service Revenue: $6,747
- Gross Receipts: $1,806,153
Assets and Liabilities:
- Total Assets: $2,957,985
- Total Liabilities: $87,755
- Net Assets: $2,870,230
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAX CONFERENCES
Revenue
$6,747
Organization Details
Founding Year
1932
Principal Officer
Douglas Howgate
Website
www.masstaxpayers.orgNTEE Category
Code: W17Z - Public benefit
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