Overview
What is The Massachusetts Institute For A New Commonwealth Inc?
The Massachusetts Institute For A New Commonwealth Inc, frequently referred to as MassINC, is a 501C3 nonprofit organization based in Boston, Massachusetts. Established in 1996, MassINC's mission is to empower the people of Massachusetts to actively engage in their democracy. They achieve this by conducting independent research, producing nonpartisan journalism, and promoting civic engagement. Throughout the year, MassINC provides quality reporting on various civic issues, such as the child welfare system and political campaigns. Recently, they hosted a thought-provoking event titled "Does Giving People Money Make for Good Policy?" to discuss the potential of guaranteed income as a policy for Massachusetts residents. Additionally, MassINC's online fundraisers have been successful, surpassing their $100,000 goal for 2021 individual donations. With a team of 16 dedicated individuals, MassINC continues to provide valuable information and foster civic participation in Massachusetts.
Official website here: www.massinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
The Massachusetts Institute For A New Commonwealth Inc, known as Massinc, has received a Three-Star rating from Charity Navigator, primarily based on its accountability and finance practices. With a strong score of 79 in this area, the organization demonstrates a commitment to transparency and effective governance, underscored by a fully independent board of members and robust financial oversight mechanisms.
Massinc excels in several key accountability metrics, including a high program expense ratio of approximately 78%, indicating that a significant portion of its funds directly supports its programs. Additionally, it has an impressive fundraising efficiency ratio of $0.13, showing that it raises funds effectively relative to its spending. The organization has also established a range of policies aimed at ensuring ethical practices, such as conflict of interest and whistleblower policies, all of which are accessible to the public.
However, the organization faces limitations regarding its financial stability, as evidenced by a liabilities-to-assets ratio of approximately 67% and a working capital ratio of only 0.29 years. These figures suggest that while Massinc is managing its resources well, it may encounter financial challenges in maintaining operations in the long term if revenues do not improve. Overall, while Massinc demonstrates strong accountability practices, attention to its financial ratios is necessary for sustained growth and stability.
This AI summary has been generated from information found on Charity Navigator.
Is The Massachusetts Institute For A New Commonwealth Inc legitimate?
The Massachusetts Institute For A New Commonwealth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Massachusetts Institute For A New Commonwealth 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: $516,024
Professional Fundraising Fees: $0
Other Salaries and Wages: $612,202
For more financial information, click here
Official website here: www.massinc.org
What is the mission statement of The Massachusetts Institute For A New Commonwealth Inc?
The Massachusetts Institute For A New Commonwealth Inc, commonly known as Massinc, was established in 1996 with a mission to empower the people of Massachusetts to actively participate in their democracy. As a nonpartisan, 501C3 organization, Massinc achieves its impact through independent research, nonprofit journalism, and civic engagement. The organization provides quality, nonpartisan reporting on civic life in Massachusetts, addressing topics such as child welfare and political campaigns, and hosting town hall events to facilitate public discussions on policy matters. Massinc also engages in fundraising activities and is currently working on expanding its reach and impact.
Official website here: www.massinc.org
Who is the CEO of The Massachusetts Institute For A New Commonwealth Inc?
Maeve Duggan is the Director of The Massachusetts Institute For A New Commonwealth Inc.
Official website here: www.massinc.org
What is the revenue of The Massachusetts Institute For A New Commonwealth Inc?
The Massachusetts Institute For A New Commonwealth Inc's revenue in 2021 was $4,338,646.
Official website here: www.massinc.org
Who are the executives of The Massachusetts Institute For A New Commonwealth Inc and what are their salaries?
The average compensation at The Massachusetts Institute For A New Commonwealth Inc during 2021 was $70,514. There are 16 employees at The Massachusetts Institute For A New Commonwealth Inc.
Here are 33 key members and their salaries:
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Official website here: www.massinc.org
Where can I find the form 990 for The Massachusetts Institute For A New Commonwealth Inc?
The Massachusetts Institute For A New Commonwealth Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.massinc.org
Learn more at the official website: www.massinc.org
Mission Statement of The Massachusetts Institute For A New Commonwealth Inc
The Massachusetts Institute For A New Commonwealth Inc, commonly known as Massinc, was established in 1996 with a mission to serve the people of Massachusetts. This nonpartisan, 501C3 organization aims to provide the necessary information that empowers the masses to participate fully in the democratic process. Massinc achieves its impact through independent research, nonprofit journalism, and civic engagement.
The organization's activities are diverse and far-reaching. Massinc's nonprofit journalism division continues to deliver high-quality, nonpartisan reporting on civic life in Massachusetts. Reporters like Shirra Schoenberg have contributed significantly to this cause, shedding light on critical issues such as the child welfare system and the seizure of an individual's home due to an unpaid tax bill. Similarly, Executive Editor Michael Jonas has been instrumental in closely following the Boston mayoral race and discussing the impact of political terminologies like 'Latino' and 'LatinoX' on political campaigns.
In addition to journalism, Massinc also engages in civic engagement. For instance, Editor Bruce Mohl moderated the most-attended event of the year, titled "Does giving people money make for good policy?", discussing the feasibility of guaranteed income as a policy for Massachusetts residents. The event was held in partnership with various organizations, demonstrating Massinc's ability to collaborate and mobilize resources for public discourse.
In terms of funding, Massinc had a successful year, surpassing its $100,000 goal for 2021 individual donations and hosting three successful online fundraisers. Moreover, the organization has embarked on an ambitious project to expand its reach by launching the Commonwealth Beacon Campaign with the help of Charlie Kravetz, former General Manager of WBUR.
In summary, Massinc is a mission-driven organization that provides the people of Massachusetts with the necessary information to fully participate in democracy. It achieves this through independent research, nonprofit journalism, and civic engagement, aiming to contribute to informed public discourse and policy-making.
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Impact
July, 2024
The Massachusetts Institute For A New Commonwealth Inc D/B/A Massinc has made a significant impact in Massachusetts by providing quality, nonpartisan reporting on civic life through its Commonwealth publication. Their rigorous journalism has shed light on important issues such as the child welfare system and property seizure for unpaid taxes. Additionally, they have actively engaged the community through events like town halls on topics like guaranteed income policy, further encouraging civic participation and informed decision-making. Through their efforts, Massinc plays a vital role in promoting transparency, fostering public dialogue, and empowering the people of Massachusetts to participate fully in the democratic process.
This information is meant to be a general summary of The Massachusetts Institute For A New Commonwealth 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 2021.
- Program Service Revenue: $11,867
- Gross Receipts: $4,344,581
Assets and Liabilities:
- Total Assets: $1,671,718
- Total Liabilities: $540,525
- Net Assets: $1,131,193
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADVERTISING
Revenue
$11,867
Organization Details
Founding Year
1995
Phone
(617) 742-6800Principal Officer
Maeve Duggan
Main Address
11 BEACON STREET 500, BOSTON, MA, 02108
Website
www.massinc.orgNTEE Category
Code: I057 - Crime
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