2022-11-14T15:26:23-06:00 2021-12-31 203985546 JOHNSON OCONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2021-01-01 041590310 MASSACHUSETTS TAXPAYERS FOUNDATION INC MASS 6177201000 333 WASHINGTON STREET 853 BOSTON MA 02108 EILEEN P MCANNENY PRESIDENT 6177201000 2022-11-14 1 EILEEN MCANNENY XXX-XX-XXXX GISO JOSEPH P00030126 7819143400 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z EILEEN P MCANNENY 333 WASHINGTON STREET 853 BOSTON MA 02108 1773646 0 X WWW.MASSTAXPAYERS.ORG X 1932 MA PROVIDE KEY DECISION MAKERS WITH UNBIASED RESEARCH & CONSTRUCTIVE SOLUTIONS(SEE PART III) 99 98 5 98 0 0 1086436 1388734 5350 5375 64438 106256 69613 3720 1225837 1504085 0 0 0 0 890086 1095868 0 0 211381 289766 322839 1179852 1418707 45985 85378 3386787 3568031 38844 55834 3347943 3512197 MASSACHUSETTS TAXPAYERS FOUNDATION PROVIDES PUBLIC & PRIVATE SECTOR DECISION MAKERS WITH ACCURATE, TIMELY, UNBIASED RESEARCH & CONSTRUCTIVE SOLUTIONS THAT DRIVE PUBLIC POLICY IN ORDER TO STRENGTHEN THE STATE'S FINANCES & POSITION THE COMMONWEALTH FOR LONG-TERM GROWTH. 0 0 612158 ANALYSIS OF THE STATE BUDGET AND MASS HEALTH RELATED EMPLOYER HEALTHCARE ASSESSMENT REPORT AND ANALYSIS :PERFORMED RESEARCH AND ANALYSIS, RELEASED PUBLICATIONS AND WORKED FOR REFORM ON A WIDE RANGE OF ISSUES AFFECTING THE COMMONWEALTH OF MASSACHUSETTS INCLUDING HEALTH CARE, BUSINESS COSTS AND TRANSPORTATION FUNDING TO TAX COMPETITIVENESS, CAPITAL INVESTMENTS AND STATE AND LOCAL FINANCES. 0 0 5375 ANNUAL TAX CONFERENCE WITH TAX PRACTITIONERS AND GOVERNMENT OFFICIALS TO DISCUSS MASSACHUSETTS STATE AND LOCAL TAXES. 612158 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 99 98 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MA X X EILEEN P MCANNENY 6177201000 333 WASHINGTON STREET SUITE 853 BOSTON MA 02108 EILEEN P MCANNENY PRESIDENT & SECRETARY 50.00 X X 437749 0 45045 STEPHEN MOSHA CHAIR 1.00 X X 0 0 0 MATTHEW D SCHNALL TREASURER 1.00 X X 0 0 0 KRISTEN LEWIS VICE CHAIR 1.00 X X 0 0 0 LORIN ALUSIC TRUSTEE 1.00 X 0 0 0 DAVID AVERILL TRUSTEE 1.00 X 0 0 0 DONALD BALDINI TRUSTEE 1.00 X 0 0 0 BRENT BARKER TRUSTEE 1.00 X 0 0 0 LYNN E BROWN TRUSTEE 1.00 X 0 0 0 GARY BUA TRUSTEE 1.00 X 0 0 0 BRIAN ELLIOT BURKE TRUSTEE 1.00 X 0 0 0 PATRICK CAHILL TRUSTEE 1.00 X 0 0 0 MICHAEL CALJOUW TRUSTEE 1.00 X 0 0 0 CHRISTINE CASSIDY TRUSTEE 1.00 X 0 0 0 ELIZABETH CHACE-MARINO TRUSTEE 1.00 X 0 0 0 GEORGE F CRONIN TRUSTEE 1.00 X 0 0 0 MICHAEL J DESROCHERS TRUSTEE 1.00 X 0 0 0 JOSEPH DRISCOLL ESQ TRUSTEE 1.00 X 0 0 0 GAIL EAGAN TRUSTEE 1.00 X 0 0 0 MICHAEL FEDER TRUSTEE 1.00 X 0 0 0 CHRISTINA FISHER TRUSTEE 1.00 X 0 0 0 JAMES FITZGERALD TRUSTEE 1.00 X 0 0 0 PATRICIA M FLYNN PH D TRUSTEE 1.00 X 0 0 0 MICHAEL GERMANO TRUSTEE 1.00 X 0 0 0 MICHAEL O GILLES TRUSTEE 1.00 X 0 0 0 AIMEE GOLBITZ TRUSTEE 1.00 X 0 0 0 WILLIAM GRANT TRUSTEE 1.00 X 0 0 0 ERIC GREEN TRUSTEE 1.00 X 0 0 0 JOSHUA GREENBERG TRUSTEE 1.00 X 0 0 0 BRIAN P GRIP TRUSTEE 1.00 X 0 0 0 RACHAEL HAMER TRUSTEE 1.00 X 0 0 0 PETER HOWE TRUSTEE 1.00 X 0 0 0 DOMINICK IANNO TRUSTEE 1.00 X 0 0 0 HARRY IM TRUSTEE 1.00 X 0 0 0 THOMAS JACKMIN TRUSTEE 1.00 X 0 0 0 PATTY JACOBS TRUSTEE 1.00 X 0 0 0 JAMIE KATZ ESQ TRUSTEE 1.00 X 0 0 0 WILLIAM F KENNEDY ESQ TRUSTEE 1.00 X 0 0 0 KATHY KEOUGH TRUSTEE 1.00 X 0 0 0 ROBERT KESTER TRUSTEE 1.00 X 0 0 0 MICHAEL KNAPIK TRUSTEE 1.00 X 0 0 0 CAROLINE KUPIEC TRUSTEE 1.00 X 0 0 0 EDWARD H LADD TRUSTEE 1.00 X 0 0 0 STEPHANIE LOVELL TRUSTEE 1.00 X 0 0 0 WILLIAM LYNCH TRUSTEE 1.00 X 0 0 0 EUSTACIA REIDY MACNAUGHT TRUSTEE 1.00 X 0 0 0 JOHN R MAHER TRUSTEE 1.00 X 0 0 0 KEITH MAHONEY TRUSTEE 1.00 X 0 0 0 MICHELLE MCGEE TRUSTEE 1.00 X 0 0 0 ADAM MOEHRING TRUSTEE 1.00 X 0 0 0 DAVID MORALES TRUSTEE 1.00 X 0 0 0 LISA MURRAY TRUSTEE 1.00 X 0 0 0 DANIEL NELSON TRUSTEE 1.00 X 0 0 0 PAUL O'CONNOR TRUSTEE 1.00 X 0 0 0 THOMAS LP O'DONNELL ESQ TRUSTEE 1.00 X 0 0 0 STEPHAN OEHLER TRUSTEE 1.00 X 0 0 0 POONAM PATIDAR TRUSTEE 1.00 X 0 0 0 LAURA PEABODY TRUSTEE 1.00 X 0 0 0 NATHAM PHAM TRUSTEE 1.00 X 0 0 0 MICHAEL E PORTER TRUSTEE 1.00 X 0 0 0 RICHARD POWER TRUSTEE 1.00 X 0 0 0 JENNIFER PRIPLATA TRUSTEE 1.00 X 0 0 0 MATTHEW REGAN TRUSTEE 1.00 X 0 0 0 ROBERT REYNOLDS TRUSTEE 1.00 X 0 0 0 PATRICIA RICH TRUSTEE 1.00 X 0 0 0 BETH RIPORTELLA TRUSTEE 1.00 X 0 0 0 KELLY ROGERS TRUSTEE 1.00 X 0 0 0 JACOB ROSENFELD TRUSTEE 1.00 X 0 0 0 MARK RUGGIERO TRUSTEE 1.00 X 0 0 0 AARON SAUNDERS TRUSTEE 1.00 X 0 0 0 LEANNE SCOTT ESQ TRUSTEE 1.00 X 0 0 0 JESSE STANSEA TRUSTEE 1.00 X 0 0 0 JANE STEINMETZ TRUSTEE 1.00 X 0 0 0 JOHN SUTICH TRUSTEE 1.00 X 0 0 0 TIMOTHY SWEENEY TRUSTEE 1.00 X 0 0 0 BROOKE THOMPSON TRUSTEE 1.00 X 0 0 0 JULIEANN M THURLOW TRUSTEE 1.00 X 0 0 0 ADAM WEINER TRUSTEE 1.00 X 0 0 0 JOSEPH ZELIC TRUSTEE 1.00 X 0 0 0 JOSEPH ZUKOWSKI TRUSTEE 1.00 X 0 0 0 GRACE ARSENAULT TRUSTEE 1.00 X 0 0 0 PATRICK BENCH TRUSTEE 1.00 X 0 0 0 HELEN BURT TRUSTEE 1.00 X 0 0 0 JOHN ERWIN TRUSTEE 1.00 X 0 0 0 MICHAEL FERRARI TRUSTEE 1.00 X 0 0 0 PAMELA GLAZIER TRUSTEE 1.00 X 0 0 0 PIERCE HALEY TRUSTEE 1.00 X 0 0 0 MORGAN HARRIS TRUSTEE 1.00 X 0 0 0 DR RAY KRUGER TRUSTEE 1.00 X 0 0 0 STEPHANIE LEE TRUSTEE 1.00 X 0 0 0 SARAH LOCKE-HENDERSON TRUSTEE 1.00 X 0 0 0 JENNY HOLADAY TRUSTEE 1.00 X 0 0 0 ADAM MARX TRUSTEE 1.00 X 0 0 0 CHARLES MURPHY TRUSTEE 1.00 X 0 0 0 GILDA NOGUEIRA TRUSTEE 1.00 X 0 0 0 BRENDAN ROCHE TRUSTEE 1.00 X 0 0 0 FREDRICK RYAN TRUSTEE 1.00 X 0 0 0 DAVID SWEENEY TRUSTEE 1.00 X 0 0 0 KERRY WHALEN TRUSTEE 1.00 X 0 0 0 DOUGLAS R HOWGATE EXECUTIVE VICE PRESIDENT 50.00 X 196847 0 17369 ANDREW BAGLEY VICE PRESIDENT FOR POLICY 50.00 X 192968 0 6108 827564 0 68522 3 0 1 0 0 965734 423000 1388734 TAX CONFERENCES 541900 5375 5375 5375 36264 36264 3720 0 3720 3720 3720 339553 269561 69992 69992 69992 1504085 5375 0 109976 827564 388952 292681 145931 137920 63309 50571 24040 31841 15335 10823 5683 48204 23215 16385 8604 50339 24243 17111 8985 79383 79383 19299 19299 15558 15558 27519 27519 7530 4372 1543 1615 12435 12435 48376 27333 10642 10401 1467 330 954 183 1399 205 1194 36243 22841 7463 5939 16750 16750 RESEARCH MATERIALS & SU 42023 42023 RETIREMENT PLAN TERMINA 13530 13530 PROFESSIONAL DEVELOPMEN 1327 1327 1418707 612158 595168 211381 520785 404980 544305 551670 5000 170000 29551 20948 853692 543918 337830 309774 1674550 1850848 12597 5472 262169 254339 3386787 3568031 38534 55524 310 310 38844 55834 X 3052727 2927297 295216 584900 3347943 3512197 3386787 3568031 X 85378 96706 -10000 -7830 X X 0 1 X 1 0 X 1221323 1108359 1389809 1086436 1388734 6194661 1221323 1108359 1389809 1086436 1388734 6194661 652732 5541929 70528 4335 89237 101128 39984 305212 6499873 207246 0.85260 0.95820 X 0.80590 0.04690 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 193999 213830 0 407829 611744 16569 7288 23857 48500 53458 0 101958 152937 441595 409688 31907 309275 64178 245097 102822 70052 32770 309774 CASH SURRENDER VALUE 217163 OVERFUNDED PENSION 37176 254339 X 1581492 96706 96706 1484786 19299 19299 1504085 1407238 7830 7830 1399408 19299 19299 1418707 PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT NON-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. UNRELATED BUSINESS INCOME, OF WHICH THERE WAS NONE FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020, WOULD BE SUBJECT TO FEDERAL AND STATE INCOME TAXES. CONSEQUENTLY, THE FINANCIAL STATEMENTS DO NOT REFLECT ANY PROVISIONS FOR INCOME TAXES. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN DEFINED BENEFIT OBLIGATION 7,830. X X X X X 0 0 0 0 0 0 0 0 0 EILEEN P MCANNENY PRESIDENT & SECRETARY 380621 0 57128 0 0 0 13355 0 31690 0 482794 0 0 0 DOUGLAS R HOWGATE EXECUTIVE VICE PRESIDENT 196847 0 0 0 0 0 7773 0 9596 0 214216 0 0 0 ANDREW BAGLEY VICE PRESIDENT FOR POLICY 185468 0 7500 0 0 0 5155 0 953 0 199076 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE ON BEHALF OF THE FULL GOVERNING BODY, THE BOARD OF TRUSTEES, BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATEIRAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A SPECIAL COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE SPECIAL COMMITTEE SHALL BE COMPOSED ENTIRELY OF NONMEMBERS OF THE GOVERNING BOARD OR COMMITTEE. AFTER EXERCISING DUE DILIGENCE, THE SPECIAL COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE SPECIAL COMMITTEE SHALL DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFIRMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. EACH TRUSTEE, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTERESTS POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS MTF IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE FOUNDATION'S PRESIDENT IS DETERMINED BY INDEPENDENT MEMBERS OF THE GOVERNANCE COMMITTEE AND EXECUTIVE COMMITTEE. THE COMMITTEES UTILIZE INDEPENDENT, THIRD-PARTY ADVISORS, CONSULTANTS, AND COUNSEL TO CONDUCT PERIODIC COMPENSATION STUDIES. THE COMPENSATION STUDY ENCOMPASSES COMPARABLE, RELEVANT MARKET DATA FOR THE ORGANIZATION'S POSITIONS OBTAINED FROM PUBLISHED SURVEYS, AND OTHER AVAILABLE SOURCES SUCH AS PEER ORGANIZATIONS' 990 FORMS. OTHER SURVEYS OF SPECIALIZED SKILL SET OR EMPLOYEE ATTRIBUTES CRITICAL TO THE SUCCESS OF THE ORGANIZATION WILL ALSO BE INCORPORATED AS NEEDED. THE MOST RECENT COMPENSATION STUDY PRESENTED TO THE COMMITTEES WAS IN 2014. ALL COMPENSATION DECISIONS MADE ARE APPROVED AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS AND DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN DEFINED BENEFIT OBLIGATION -7,830. FORM 990, PAGE 12, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.