Tie-Boston Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043352691 ✦ Cambridge, MA ✦ Designated as a 501(c)(6)

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Overview

What is Tie-Boston Inc?

Tie-Boston Inc, established in 1997, is a nonprofit organization based in Cambridge, Massachusetts. With a focus on supporting entrepreneurs throughout their journey, from ideation to creation, growth, wealth creation, and beyond, Tie-Boston offers a comprehensive range of programs. These programs encompass education, mentoring, and networking, aiming to cultivate entrepreneurs who contribute positively to society. Through their vibrant initiatives, Tie-Boston Inc provides a supportive environment, empowering entrepreneurs in the New England region to thrive and make a meaningful impact. With a dedicated team of four individuals, Tie-Boston Inc continues to foster and encourage entrepreneurship in the region.


Official website here: www.boston.tie.org

Is Tie-Boston Inc legitimate?

Tie-Boston Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Tie-Boston 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: $84,519
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,233

For more financial information, click here


Official website here: www.boston.tie.org

What is the mission statement of Tie-Boston Inc?

Tie-Boston Inc was established in 1997 with a mission to promote and foster entrepreneurship in various sectors. The organization achieves this objective through eight vibrant programs that focus on education, mentoring, and networking. These initiatives aim to nurture entrepreneurs who can contribute positively to society. Tie-Boston's activities extend beyond the initial stages of entrepreneurship, supporting entrepreneurs throughout their lifecycle, from ideation to creation, growth, wealth creation, and even post-establishment. The ultimate goal is to provide continuous support to both current and future founders, thereby contributing to a thriving entrepreneurial ecosystem.


Official website here: www.boston.tie.org

Who is the CEO of Tie-Boston Inc?

Yash Shah is the Director of Tie-Boston Inc.


Official website here: www.boston.tie.org

What is the revenue of Tie-Boston Inc?

Tie-Boston Inc's revenue in 2022 was $611,943.


Official website here: www.boston.tie.org

Who are the executives of Tie-Boston Inc and what are their salaries?

The average compensation at Tie-Boston Inc during 2022 was $30,188. There are 4 employees and 11 volunteers at Tie-Boston Inc.


Here are 14 key members and their salaries:


Thomas Arul (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shirish Nimgaonkar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Venkat Maroju (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darshana Zaveri (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Geetha Sreedhar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zenobia Moochala (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sangeeta Moorjani (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kiran Uppuluri (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anu Chitrapu (Former Presi)
  • Compensation: $0
  • Related: $0
  • Other: $0
Asha Dixit (Former Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily Ladd-Kravitz (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rowena K Mascarenhas (Executive Di)
  • Compensation: $84,519
  • Related: $0
  • Other: $0
Anupendra Sharma (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yash Shah (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.boston.tie.org

Where can I find the form 990 for Tie-Boston Inc?

Tie-Boston Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.boston.tie.org

Learn more at the official website: www.boston.tie.org

Mission Statement of Tie-Boston Inc

Tie-Boston, Inc., established in 1997, is dedicated to promoting and nurturing entrepreneurship within the New England region. With a strong commitment to its mission, the organization offers a variety of educational, mentoring, and networking programs. These initiatives are designed to foster, encourage, and support individuals who possess the potential to create value for society. By delivering these programs effectively, Tie-Boston, Inc. aims to develop a new generation of entrepreneurs who can contribute positively to their communities and beyond.

The organization's activities encompass every stage of an entrepreneur's journey, from the initial concept development to the ultimate stage of wealth creation. Tie-Boston, Inc. provides continuous support to founders, helping them navigate through the various phases of their entrepreneurial journey. From the initial ideation stage, where ideas are shaped and refined, to the growth phase, where businesses expand and mature, and ultimately to the stage of wealth creation, Tie-Boston, Inc. plays a crucial role in supporting entrepreneurs throughout their lifecycle. The organization's mission is not just about creating entrepreneurs; it's about nurturing them to become successful contributors to society.

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Impact




October, 2024

Tie-Boston Inc has significantly impacted the entrepreneurship landscape in the New England region since its inception in 1997. By fostering, encouraging, and supporting entrepreneurship, Tie-Boston actively contributes to the economic development and innovation in the area. Its commitment is manifested through eight dynamic programs focused on education, mentoring, and networking, which are designed to assist entrepreneurs at every stage of their journey—from initial ideation and creation to growth and wealth generation.

The organization plays a crucial role in creating a supportive ecosystem for entrepreneurs, enabling them to navigate the complexities of starting and scaling businesses. This support not only helps individual entrepreneurs succeed but also contributes to a vibrant community that values innovation and supports new ventures.

Through its initiatives, Tie-Boston has cultivated an environment where current and future founders can thrive, ultimately fostering a culture of entrepreneurship that adds substantial value to society. The emphasis on community improvement underscores the organization’s dedication to creating meaningful change and strengthening the economic fabric of the region.




This information is meant to be a general summary of Tie-Boston 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.

Revenue
$611,943 (2022)
Expenses
$602,124 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,548
  • Program Service Revenue: $211,128
  • Gross Receipts: $611,943

Assets and Liabilities:

  • Total Assets: $982,569
  • Total Liabilities: $177,143
  • Net Assets: $805,426

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE FEES

Revenue

$211,128

Organization Details

Founding Year

1997

Principal Officer

Yash Shah

Main Address

1 BROADWAY 5TH FLOOR CIC, CAMBRIDGE, MA, 02142

NTEE Category

Code: S43 - Community improvement

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