Overview
What is Massrobotics Inc?
Massrobotics Inc, situated in Boston, Massachusetts, serves as a vibrant hub for robotics and connected device innovations. This independent, non-profit organization brings together startups and established technology companies to foster talent growth and drive economic expansion. By collaborating with diverse local talents, Massrobotics Inc is instrumental in shaping the future of global robotics. The mission of Massrobotics Inc is to nurture and scale the next generation of successful robotics and connected device companies. It provides entrepreneurs and innovative robotics/automation startups with the essential workspace and resources required to develop, prototype, test, and commercialize their products and solutions. Additionally, Massrobotics Inc promotes the development of common-need technology services, such as software and standards support for the robotics community, and fosters a collaborative ecosystem for academic, private, and public stakeholders. In doing so, it encourages thought-sharing and creative exchange, inspiring the next generation of innovators and builders through in-house STEM collaboration and initiatives. With a modest team of 13 individuals, Massrobotics Inc is dedicated to playing a significant role in the global robotics evolution.
Official website here: www.massrobotics.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Massrobotics Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 79%. This score is derived solely from their Accountability & Finance metrics, highlighting the organization's commitment to financial integrity. The charity demonstrates a strong governance structure, with a fully independent board and adherence to sound financial practices, ensuring that funds are utilized effectively.
The organization excels in several key areas such as having no material diversion of assets and maintaining a high program expense ratio of 69.25%. Their fundraising efficiency is commendable, with only $0.13 spent to raise a dollar, indicating effective fundraising strategies. Furthermore, essential policies such as conflict of interest and whistleblower protection are well-established, contributing to the organization’s transparent operational framework.
While the financial health indicators are positive, potential donors may want to explore the specific programmatic impacts of Massrobotics Inc. The focus on financial accountability is a strength, but a more detailed understanding of how funds translate into community benefits could enhance stakeholder confidence. Overall, Massrobotics appears to be a well-managed nonprofit with a solid foundation for further growth.
This AI summary has been generated from information found on Charity Navigator.
Is Massrobotics Inc legitimate?
Massrobotics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massrobotics 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: $265,192
Professional Fundraising Fees: $0
Other Salaries and Wages: $750,026
For more financial information, click here
Official website here: www.massrobotics.org
What is the mission statement of Massrobotics Inc?
Massrobotics Inc's mission is centered around fostering the growth of the next generation of successful robotics and connected device companies. They achieve this by providing entrepreneurs and innovative startups in the robotics/automation sector with the necessary workspace and resources to develop, prototype, test, and commercialize their products and solutions. The organization serves as an innovation hub for robotics and connected devices, bringing together innovative startups and existing technology organizations to nurture talent and promote economic growth and innovation. By working with diverse local talent, Massrobotics Inc plays a role in driving the global evolution of robotics. The organization also promotes the development of common-need technology services, encourages a collaborative ecosystem for academic, private, and public stakeholders, and inspires the next generation of innovators through in-house STEM collaboration initiatives.
Official website here: www.massrobotics.org
Who is the CEO of Massrobotics Inc?
Daniel Theobald is the President of Massrobotics Inc.
Official website here: www.massrobotics.org
What is the revenue of Massrobotics Inc?
Massrobotics Inc's revenue in 2022 was $3,381,614.
Official website here: www.massrobotics.org
Who are the executives of Massrobotics Inc and what are their salaries?
The average compensation at Massrobotics Inc during 2022 was $78,094. There are 13 employees and 40 volunteers at Massrobotics Inc.
Here are 10 key members and their salaries:
- Compensation: $265,192
- Related: $0
- Other: $0
- Compensation: $188,031
- Related: $0
- Other: $0
- Compensation: $129,253
- Related: $0
- Other: $5,030
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.massrobotics.org
Where can I find the form 990 for Massrobotics Inc?
Massrobotics Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.massrobotics.org
Learn more at the official website: www.massrobotics.org
Mission Statement of Massrobotics Inc
Massrobotics Inc, a non-profit organization, is dedicated to fostering the growth and success of the next generation of robotics and connected device companies. The organization provides entrepreneurial innovators and startups in the robotics and automation sector with the necessary workspace and resources to develop, prototype, test, and commercialize their products and solutions. By bringing together innovative startups and established technology organizations, Massrobotics Inc nurtures talent and promotes economic growth and innovation.
Moreover, Massrobotics Inc serves as an innovation hub for robotics and connected devices, hosting programming and events that encourage collaboration among academia, private, and public stakeholders. This collaborative ecosystem allows for thought-sharing and creative exchange, fostering an environment that inspires the next generation of innovators and builders. Additionally, the organization supports the development of common-need technology services, such as software and standards, for the robotics community. Massrobotics Inc is committed to inspiring future innovators and builders through in-house hands-on STEM collaboration and initiatives.
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Impact
July, 2024
Massrobotics Inc's impact lies in its significant role as an innovation hub for robotics and connected devices. By providing entrepreneurs and startups in the robotics and automation industry with essential workspace and resources, Massrobotics enables these innovative companies to develop, prototype, test, and commercialize their products and solutions. This support contributes to the growth and success of the next generation of successful robotics and connected device companies.
Furthermore, Massrobotics fosters collaboration and thought-sharing within the robotics community by promoting the development of common-need technology services and facilitating a collaborative ecosystem for academic, private, and public stakeholders. By nurturing talent and promoting economic growth and innovation through its programming and events, Massrobotics is actively shaping the future of robotics and inspiring the next generation of innovators and builders.
This information is meant to be a general summary of Massrobotics 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 2022.
- Investment Income: $1,335
- Program Service Revenue: $914,013
- Gross Receipts: $3,480,042
Assets and Liabilities:
- Total Assets: $16,518,630
- Total Liabilities: $12,214,311
- Net Assets: $4,304,319
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENTAL
Revenue
$914,013
Organization Details
Founding Year
2015
Phone
(617) 960-5960Principal Officer
Daniel Theobald
Main Address
12 CHANNEL STREET SUITE 202, BOSTON, MA, 02210
Website
www.massrobotics.orgNTEE Category
Code: B80 - Education
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