MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT INC Charity Report

Public IRS 990 nonprofit record

MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT INC

EIN 04-3172007 · Professional Athletic Leagues (N80)

What they do

PROVIDES PROGRAMS and SERVICES to SUPPORT THE RETENTION and GROWTH of BUSINESS and JOBS IN MASSACHUSETTS

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $68.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders29 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

82.92%of revenue went to mission work68.1% of expenses · Program services

18.87%of revenue went to fundraising15.5% of expenses

$121.71spent for every $100 of revenueSpending was higher than revenue this year.

19.92%of revenue went to management and office costs16.4% of expenses

$0.23in assets for every $1 spent this yearSome assets cannot be spent right away.

99.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $124,918 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $170,484 for PETER ABAIR (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$575,525

Mission workProgram services$477,20682.92% of revenue68.1% of expenses

ManagementOffice and general costs$114,66419.92% of revenue16.4% of expenses

FundraisingAsking for donations$108,57318.87% of revenue15.5% of expenses

Total expenses$700,443121.71% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 68.1% mission · 16.4% management · 15.5% fundraisingTotal expenses: 121.71% of revenue

2023Expense mix: 67.5% mission · 17.9% management · 14.5% fundraisingTotal expenses: 89.29% of revenue

2022Expense mix: 65.2% mission · 22.4% management · 12.4% fundraisingTotal expenses: 155.00% of revenue

2021Expense mix: 64.8% mission · 21.6% management · 13.7% fundraisingTotal expenses: 111.00% of revenue

2020Expense mix: 53.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 105.68% of revenue

2019Expense mix: 56.2% mission · 0.0% management · 0.0% fundraisingTotal expenses: 86.52% of revenue

2018Expense mix: 58.9% mission · 0.0% management · 0.0% fundraisingTotal expenses: 127.76% of revenue

2017Expense mix: 87.8% mission · 11.5% management · 0.0% fundraisingTotal expenses: 93.65% of revenue

Money in and money out

Revenue$575,525

Expenses$700,443

Annual shortfall $124,918 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$477,206 · 68.1% of expenses

Management and office costs$114,664 · 16.4% of expenses

Fundraising$108,573 · 15.5% of expenses

See all reported dollar amounts

Revenue$575,525

Expenses$700,443

Assets$164,069

Income$575,525

Contributions$572,589

Mission work (program services)$477,206

Fundraising$108,573

Management and general$114,664

Accounting fees$16,870

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

PETER ABAIREXECUTIVE DIRECTOR · 40 hrs/week $170,484

DOUGLAS KEHLHEMSENIOR DIRECTOR · 40 hrs/week $111,965

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (29)

PETER ABAIREXECUTIVE DIRECTOR

DOUGLAS KEHLHEMSENIOR DIRECTOR

MEREDITH HARRISDIRECTOR

WILLIAM HARRISDIRECTOR

TYSON REYNOSODIRECTOR

TIFFANY GALLODIRECTOR

TAYLOR PEDERSONDIRECTOR

STEPHEN FLAVINDIRECTOR

SEAN OBRIENDIRECTOR

RICH HOLLWORTHDIRECTOR

PAUL BAUERDIRECTOR

PATRICIA TIMILTYDIRECTOR

ODILE SMITHDIRECTOR

MICHAEL VEDOVELLIDIRECTOR

MICHAEL SCOTTTREASURER

MICHAEL HOULLAHANDIRECTOR

BILL KANEDIRECTOR

LAUREN LISSDIRECTOR

JOHN HYNES IVDIRECTOR

JIM BAUDROTDIRECTOR

JACK HOGANDIRECTOR

GEOFF HOWELLCLERK

DOUG LANDRYDIRECTOR

DORRIAN COHEN FRAGOLAVICE CHAIR

DENISE MCGEOUGHIMMEDIATE PAST CHAIRMAN

DAVID ORTENDAHLDIRECTOR

CHRIS STEELEDIRECTOR

BRIAN COHENDIRECTOR

BONNIE SULLIVANCHAIR

About this charity

Recognized since: January 1995
Location: 260 ARSENAL PLACE, WATERTOWN, MA 02472
County: Middlesex
In care of: PETER ABAIR
Primary officer: PETER ABAIR, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(617) 924-4600

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: STOLBERG & BLANCHETTE LLP
NTEE classification: Professional Athletic Leagues (N80)
IRS tax category: Professional Athletic Leagues