2018-10-11T12:58:12-05:00 2017-12-31 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2017-01-01 041590310 MASSACHUSETTS TAXPAYER'S FOUNDATION INC MASS 6177201000 333 WASHINGTON STREET NO 853 BOSTON MA 02108 EILEEN P MCANNENY PRESIDENT 6177201000 2018-10-09 1 GISO JOSEPH P00030126 7819143400 2018-10-09 96.230.50.122 2018-10-09 16:33:42 ED P C5E1077314BBF55AE19BBFA7B2D1C071B8059086 17C5A24E8FCD15674BEC8951848EC3EEC77EAC00 2017 2018-06-14 16:35:46Z EILEEN P MCANNENY 333 WASHINGTON STREET NO 853 BOSTON MA 02108 1366972 0 X WWW.MASSTAXPAYERS.ORG X 1932 MA MASSACHUSETTS TAXPAYERS FOUNDATION PROVIDES PUBLIC AND PRIVATE SECTOR DECISION MAKERS WITH ACCURATE, TIMELY, UNBIASED RESEARCH AND CONSTRUCTIVE SOLUTIONS THAT DRIVE PUBLIC POLICY IN ORDER TO STRENGTHEN THE STATE'S FINANCES AND POSITION THE COMMONWEALTH FOR LONG-TERM GROWTH. 70 69 5 74 0 0 1034421 1221323 64179 75121 24288 24397 -1634 46131 1121254 1366972 0 0 0 0 916179 947268 0 0 80192 213168 218106 1129347 1165374 -8093 201598 2706848 2933784 373931 210118 2332917 2723666 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 928348 23010 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. 33511 TRANSPORTATION REPORT AND FORUM: PUBLIC TRANSPORTATION FORUM TO EXAMINE IDEAS FOR IMPROVING SERVICE AND EQUIPMENT FAILURES AT THE MBTA WHILE INCREASING REVENUE FOR THE STRUGGLING AGENCY. 2535 18600 ANNUAL TAX CONFERENCE WITH TAX PRACTITIONERS AND GOVERNMENT OFFICIALS TO DISCUSS MASSACHUSETTS STATE AND LOCAL TAXES. 930883 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 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 7 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 70 69 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 MA X X X EILEEN P MCANNENY 6177201000 333 WASHINGTON STREET SUITE 853 BOSTON MA 02108 JOSEPH D ALVIANI ESQ TRUSTEE 1.00 X 0 0 0 DAVID ABELMAN TRUSTEE 1.00 X 0 0 0 BRIAN ELLIOT BURKE TRUSTEE 1.00 X 0 0 0 MAURA O BANTA TRUSTEE 1.00 X 0 0 0 BRENT BARKER 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 JOHN S BROWN TRUSTEE 1.00 X 0 0 0 LYNN E BROWNE TRUSTEE 1.00 X 0 0 0 JAMES CARMODY TRUSTEE 1.00 X 0 0 0 CHRISTOPHER N BUCHANAN TRUSTEE 1.00 X 0 0 0 TIMOTHY CEURVELS TRUSTEE 1.00 X 0 0 0 GEORGE F CRONIN TRUSTEE 1.00 X 0 0 0 ELIZABETH CHACE-MARINO TRUSTEE 1.00 X 0 0 0 JAMES FITZGERALD TRUSTEE 1.00 X 0 0 0 MICHAEL GOSK TRUSTEE 1.00 X 0 0 0 GERI DENTERLEIN TRUSTEE 1.00 X 0 0 0 TOM JACKMAN TRUSTEE 1.00 X 0 0 0 JOSEPH DONOVAN TRUSTEE 1.00 X 0 0 0 DAVID FLANNAGAN TRUSTEE 1.00 X 0 0 0 MARK C CRANDALL TRUSTEE 1.00 X 0 0 0 DONNA C CUPELO TRUSTEE 1.00 X 0 0 0 ERIC GREEN TRUSTEE 1.00 X 0 0 0 BROOKE THOMPSON TRUSTEE 1.00 X 0 0 0 MICHAEL J DESROCHERS TRUSTEE 1.00 X 0 0 0 CHRISTIE HAGER TRUSTEE 1.00 X 0 0 0 JAMES MCGAUGH TRUSTEE 1.00 X 0 0 0 ROBERT KESTER TRUSTEE 1.00 X 0 0 0 MATT REGAN TRUSTEE 1.00 X 0 0 0 PATRICIA M FLYNN PH D TRUSTEE 1.00 X 0 0 0 MICHAEL O GILLES TRUSTEE 1.00 X 0 0 0 WILLIAM KILMARTIN TRUSTEE 1.00 X 0 0 0 CHRISTOPHER LEICH TRUSTEE 1.00 X 0 0 0 JAMES SEGEL TRUSTEE 1.00 X 0 0 0 JOSHUA GREENBERG TRUSTEE 1.00 X 0 0 0 KEVIN SMITHSON TRUSTEE 1.00 X 0 0 0 KRISTEN LEWIS TRUSTEE 1.00 X 0 0 0 STEPHANIE LOVELL TRUSTEE 1.00 X 0 0 0 PAUL JEAN TRUSTEE 1.00 X 0 0 0 MICHAEL TOMSICEK TRUSTEE 1.00 X 0 0 0 WILLIAM F KENNEDY ESQ TRUSTEE 1.00 X 0 0 0 WILLIAM LYONS TRUSTEE 1.00 X 0 0 0 HUGH MCKINNON TRUSTEE 1.00 X 0 0 0 EDWARD H LADD TRUSTEE 1.00 X 0 0 0 ANNE L LEVINE TRUSTEE 1.00 X 0 0 0 ALAN J MACDONALD TRUSTEE 1.00 X 0 0 0 DAVID MORALES TRUSTEE 1.00 X 0 0 0 DAVID PORCELLO TRUSTEE 1.00 X 0 0 0 RICK MUSIOL JR TRUSTEE 1.00 X 0 0 0 JOSEPH NEWMAN 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 MICHAEL E PORTER TRUSTEE 1.00 X 0 0 0 JOHN R REGIER ESQ TRUSTEE 1.00 X 0 0 0 BRIAN P GRIP TRUSTEE 1.00 X 0 0 0 DENNIS E ROSS TRUSTEE 1.00 X 0 0 0 THOMAS SAMOLUK TRUSTEE 1.00 X 0 0 0 EDWARD H SEKSAY TRUSTEE 1.00 X 0 0 0 PAUL SILVA TRUSTEE 1.00 X 0 0 0 JOHN STEFANINI TRUSTEE 1.00 X 0 0 0 ROBERT P SUGLIA CPCU CLU TRUSTEE 1.00 X 0 0 0 ADAM WEINER TRUSTEE 1.00 X 0 0 0 SCOTT SEBASTIAN TRUSTEE 1.00 X 0 0 0 BRIAN SHEA TRUSTEE 1.00 X 0 0 0 MARCI SINDEL TRUSTEE 1.00 X 0 0 0 JESSE STANSEA TRUSTEE 1.00 X 0 0 0 JOSEPH ZUKOWSKI CHAIRMAN 1.00 X X 0 0 0 JANE STEINMETZ VICE CHAIR 1.00 X X 0 0 0 MATTHEW D SCHNALL TREASURER 1.00 X X 0 0 0 EILEEN P MCANNENY PRESIDENT & SECRETARY 50.00 X X 390078 0 18822 ANDREW BAGLEY DIRECTOR OF RESEARCH 50.00 X 175596 0 6157 DOUGLAS HOWGATE RESEARCHER 50.00 X 148302 0 9489 713976 0 34468 3 0 1 0 1 1063823 157500 1221323 TRANSPORTATION FORUM 541900 33511 33511 PRINTING AND MISC 519100 23010 23010 TAX CONFERENCES 541900 18600 18600 75121 24397 24397 46131 0 46131 46131 46131 1366972 75121 0 70528 565673 452539 56567 56567 260757 208605 52152 30030 24024 3003 3003 45927 36742 4593 4592 44881 35905 4488 4488 11205 11205 17371 12312 2537 2522 46647 37318 9329 3376 3376 34078 33600 239 239 29635 20745 4445 4445 16521 11565 2478 2478 CONSULTING 27008 27008 0 0 DUES & SUBSCRIPTIONS 18471 18471 0 0 BANK FEES 6425 4214 1308 903 EQUIPMENT LEASES 6369 4459 955 955 1000 1000 1165374 930883 154299 80192 123178 314331 795586 803602 0 24850 16320 28796 846679 427030 447309 419649 1107292 1125393 217163 217163 2706848 2933784 677 39305 373254 170813 373931 210118 X 2331242 2723666 1675 0 2332917 2723666 2706848 2933784 X 201598 1889 187262 X X 0 1 X 1 0 X 1001435 1143868 1092265 1034421 1221323 5493312 11662 21000 27575 64179 75121 199537 1013097 1164868 1119840 1098600 1296444 5692849 0 0 0 5692849 21446 23446 25932 34965 70528 176317 21446 23446 25932 34965 70528 176317 62245 42521 104766 1096788 1188314 1188293 1133565 1366972 5973932 0.95290 0.94540 0.02950 0.02710 X 14030 14030 1151344 1165374 191537 47884 0 0 195740 198740 186993 191537 773010 1159515 35015 36983 33598 14030 119626 48935 49569 46748 47884 193136 289704 441595 365529 76066 405084 61501 343583 419649 CASH SURRENDER VALUE 217163 217163 ACCRUED EXPENSES 23840 DEFERRED REVENUE 90195 403-B DEDUCTIONS 20037 UNDERFUNDED PENSION 29694 TENANTS DEPOSITS 7047 170813 X 1368861 1889 1889 1366972 0 1366972 978112 0 978112 187262 187262 1165374 PART X, LINE 2: THE ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. INCOME RELATED TO THESE PURPOSES IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNRELATED BUSINESS INCOME WOULD BE TAXABLE ACCORDING TO APPLICABLE INTERNAL REVENUE CODE SECTIONS. THE ORGANIZATION REGULARLY REVIEWS AND EVALUATES ITS TAX POSITIONS TAKEN IN ITS FILED RETURNS AND RECOGNIZES THE BENEFIT FROM A TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE POSITION WOULD BE SUSTAINED UPON AUDIT BASED SOLELY ON THE TECHNICAL MERITS OF THE TAX POSITION. THE ORGANIZATION ACCRUES INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES. THE ORGANIZATION FILES FEDERAL AND MASSACHUSETTS TAX RETURNS. THE STATUTE OF LIMITATIONS FOR THESE JURISDICTIONS IS GENERALLY THREE YEARS. THE ORGANIZATION HAD NO RETURNS UNDER EXAMINATION AS OF DECEMBER 31, 2017. PART XII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN DEFINED BENEFIT OBLIGATION 187,262. X X X X X X 0 0 0 0 0 0 0 0 0 EILEEN P MCANNENY PRESIDENT & SECRETARY 346947 0 43131 0 0 0 14027 0 4795 0 408900 0 0 0 ANDREW BAGLEY DIRECTOR OF RESEARCH 168096 0 7500 0 0 0 5043 0 1114 0 181753 0 0 0 DOUGLAS HOWGATE RESEARCHER 140802 0 7500 0 0 0 6865 0 2624 0 157791 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 MTF AMENDED THEIR BYLAWS AS DESCRIBED BELOW: 3.5 QUORUM. AT ANY MEETING OF THE MEMBERS, TWENTY FIVE MEMBERS (DECREASED FROM FIFTY) ENTITLED TO VOTE OR FIFTY PERCENT OF SUCH MEMBERS, WHICHEVER IS LESS, SHALL CONSTITUTE A QUORUM FOR THE CONSIDERATION OF ANY QUESTION, BUT A LESS NUMBER MAY ADJOURN ANY MEETING FROM TIME TO TIME AND THE MEETING MAY BE HELD AS ADJOURNED WITHOUT FURTHER NOTICE. WHEN A QUORUM IS PRESENT OR REPRESENTED AT ANY MEETING, A MAJORITY OF THE MEMBERS ENTITLED TO VOTE REPRESENTED THEREAT SHALL, EXCEPT WHERE A LARGER VOTE IS REQUIRED BY LAW, BY THE ARTICLES OF ORGANIZATION OR BY THESE BYLAWS, DECIDE ANY QUESTION BROUGHT BEFORE SUCH MEETING. 5.1 NUMBER AND QUALIFICATIONS. THERE SHALL BE A BOARD OF TRUSTEES WHICH SHALL CONSIST OF ANY NUMBER OF TRUSTEES DIVISIBLE BY THREE, BUT NOT LESS THAN FORTY-FIVE NOR MORE THAN ONE HUNDRED FIFTY TRUSTEES (INCREASED FROM ONE HUNDRED AND TWO), ELECTED BY THE MEMBERS ENTITLED TO VOTE AT THE ANNUAL MEETING OF MEMBERS. IN ADDITION, THE CHAIRMAN OF THE BOARD, THE PRESIDENT, AND THE OTHER MEMBERS OF THE EXECUTIVE COMMITTEE, UNLESS ALREADY ELECTED TO THE BOARD OF TRUSTEES, SHALL BE MEMBERS OF THE BOARD OF TRUSTEES, BY VIRTUE OF THEIR OFFICE. 6.1 EXECUTIVE COMMITTEE. THERE SHALL BE AN EXECUTIVE COMMITTEE WHICH SHALL CONSIST OF THE CHAIRMAN OF THE BOARD OF TRUSTEES, THE PRESIDENT, THE SECRETARY, THE VICE CHAIRMEN, THE TREASURER, AND AT LEAST NINE BUT NOT MORE THAN FIFTEEN (INCREASED FROM ELEVEN) OTHER PERSONS ELECTED ANNUALLY BY THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL ACT AS THE PRIMARY GOVERNANCE COMMITTEE OF THE CORPORATION AND HAVE AND MAY EXERCISE ALL THE POWERS OF THE BOARD OF TRUSTEES IN THE INTERIM BETWEEN REGULAR OR SPECIAL MEETINGS THEREOF UNLESS OTHERWISE RESTRICTED BY SAID BOARD. (EXECTUTIVE COMMITTEE BECOMES RESPONSIBLE PARTY FOR GOVERNANCE) 8.1 RESIGNATIONS AND REMOVALS. ANY MEMBER, TRUSTEE OR OFFICER MAY RESIGN AT ANY TIME BY DELIVERING HIS OR HER RESIGNATION IN WRITING TO THE CHAIRMAN OF THE BOARD OF TRUSTEES OR THE SECRETARY OR TO A MEETING OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES (PREVIOUSLY INCLUDED "MEMBERS ENTITLED TO VOTE") MAY WITH OR WITHOUT CAUSE, BY VOTE OF TWO-THIRDS OF THE TRUSTEES PRESENT AT ANY MEETING, REMOVE FROM OFFICE ANY TRUSTEE OR TRUSTEES, OR ANY OFFICER APPOINTED BY THE BOARD OF TRUSTEES OR TERMINATE OR MODIFY THE AUTHORITY OF ANY SUCH OFFICER OR ANY AGENT OF THE CORPORATION. THE BOARD OF TRUSTEES MAY, BY VOTE OF TWO-THIRDS OF THE TRUSTEES PRESENT AT ANY MEETING CALLED FOR THE PURPOSE, REMOVE FROM OFFICE ANY TRUSTEE OR ANY OTHER OFFICER FOR ANY REASON IT MAY DEEM SUFFICIENT. 13.1 AMENDMENTS. THESE BYLAWS MAY BE AMENDED OR REPEALED AND NEW BYLAWS MAY BE ADOPTED BY THE VOTE OF A MAJORITY (PREVIOUSLY "TWO-THIRDS") OF THE TRUSTEES PRESENT AT ANY MEETING OF THE BOARD OF TRUSTEES (PREVIOUSLY "TRUSTEES OR BY THE MEMBERS ENTITLED TO VOTE"). THE NOTICE OF SUCH MEETING SHALL HAVE GIVEN THE SUBSTANCE OF THE PROPOSED CHANGES OR INDICATED THE ARTICLES TO BE AFFECTED THEREBY. IF THESE BYLAWS ARE AMENDED, THE SUBSTANCE OF EACH SUCH AMENDMENT SHALL BE INCLUDED IN THE NOTICE OF THE NEXT ANNUAL MEETING OF MEMBERS. 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 12 THE BOARD IS IN THE PROCESS OF COMPILING, REVIEWING AND IMPLEMENTING VARIOUS POLICIES, INCLUDING A CONFLICT OF INTEREST POLICY, A WHISTLEBLOWER POLICY AND DOCUMENT RETENTION/DESTRUCTION POLICY FORM 990, PART VI, SECTION B, LINE 15A AN INDEPENDENT COMPENSATION CONSULTANT PERFORMED STUDIES IN 2005, 2010 AND 2014 ON COMPENSATION FOR THE FOUNDATION'S PRESIDENT. THE PRESIDENT'S COMPENSATION IS APPROVED ANNUALLY BY INDEPENDENT MEMBERS OF THE GOVERNANCE COMMITTEE AND EXECUTIVE COMMITTEE BASED ON THE PRESIDENT'S PERFORMANCE AS WELL AS UPDATED SALARY SURVEYS AND COMPARISONS WITH COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 18 ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. 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 187,262. FORM 990, PART XII, LINE 2C: NO CHANGE IN EITHER THE ORGANIZATION'S OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.