TO CONNECT ENTREPRENEURS WITH THE RESOURCES THEY NEED TO LAUNCH AND SUCCEED IMMEDIATELY.THE PRIMARY ACTIVITIES INCLUDE RUNNING AN ANNUAL GLOBAL STARTUP COMPETITION, DOCUMENTING AND ORGANIZING KEY RESOURCES, AND ORGANIZING TRAINING AND NETWORKING EVENTS AND RUNNING A 4 MONTH ACCELERATOR PROGRAM DESIGNED TO HELP STARTUPS GROW.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.3M
-39.1% YoY
Annual Giving
$150K
-64.5% YoY
Grant Count
5
-64.3% YoY
Avg Grant Size
$30K
-0.5% YoY
About Masschallenge Inc
Based on IRS filings
Masschallenge Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.3M in total assets. In 2024, it awarded 5 grants totaling $150K. Net investment income was $212.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,317,198 | $8,735,400 | $9,785,870 |
| Revenue | $7,788,018 | $10,286,561 | $10,179,370 |
| Expenses | $9,699,589 | $11,179,155 | $11,098,508 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $212 | $2,228 | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
101 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Airbuild Inc ($50,000), Tremedics Medical Devices Inc ($25,000), Algas Organics (dujco Inc) ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AIRBUILD INC GREEN RIVER, UT | SEED MONEY FOR EARLY-STAGE ENTREPRENEURS | $50,000 |
| TREMEDICS MEDICAL DEVICES INC NORTH RICHLAND HILLS, TX | SEED MONEY FOR EARLY-STAGE ENTREPRENEURS | $25,000 |
| ALGAS ORGANICS (DUJCO INC) PORTLAND, ME | SEED MONEY FOR EARLY-STAGE ENTREPRENEURS | $25,000 |
| CLEARLEAF INC WILMINGTON, DE | SEED MONEY FOR EARLY-STAGE ENTREPRENEURS | $25,000 |
| FEATHERY INC SAN FRANCISCO, CA | SEED MONEY FOR EARLY-STAGE ENTREPRENEURS | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FIONA MURRAY | DIRECTOR | 1 | — |
| JOHN W HARTHORNE | DIRECTOR | 1 | — |
| MICHAEL FANNING | DIRECTOR | 1 | — |
| TRAVIS MCCREADY | DIRECTOR | 1 | — |
| WILLIAM C COWAN | DIRECTOR | 1 | — |
| MEGHAN VERONA JOYCE | DIRECTOR | 1 | — |
| CRAIG LEWIS | DIRECTOR | 1 | — |
| DEBORAH DISANZO | DIRECTOR | 1 | — |
| ELIZABETH GRAHAM | DIRECTOR | 1 | — |
| MICHAEL LANGER | DIRECTOR | 1 | — |
| IAN ROBERTS | DIRECTOR | 1 | — |
| CAITLIN BRUMME | CEO/PRESIDENT | 40 | $338,050 |
| LISA MCLAUGHLIN | TREASURER/CLERK/COO | 40 | $257,000 |
| DAMON COX ENDED 061424 | HEAD OF NEXT PRACTICE & IN | 40 | $173,641 |
| ROBERT BITTING | CHIEF OF STAFF | 40 | $180,250 |
| WILLIAM MAGRUDER | VP OF PARTNERSHIPS | 40 | $180,250 |
| ERNESTO MARTINEZ ENDED 82324 | HEAD OF DEVELOPMENT & INNO | 40 | $234,451 |
| JAMES FOUNTAIN | HEAD OF TECHNOLOGY | 40 | $199,474 |
| GAURAV MANCHANDA | CHIEF PROGRAM OFFICER | 40 | $165,909 |
| SUNANDA NARAYANASWAMY | SENIOR DIRECTOR OF GLOBALPARTNERSHIPS | 40 | $155,200 |
| ANGEL UGALDE FLORES | SERIOR DIRECTOR OF FINANCE | 40 | $172,640 |
| BRYETTA CALLOWAY | VP OF MARKETING & COMMUNIC | 40 | $180,250 |
| CHRISTINE CASALINI ENDED 101824 | SENIOR DIRECTOR OF DEVELOPMENT | 40 | $130,104 |
| RYAN BOWEN ENDED 82324 | DIRECTOR OF PLATFORM OPERATIONS | 40 | $115,629 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Masschallenge Inc?
Masschallenge Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in BOSTON, MA. It holds $5.3M in total assets as of 2024.
How large is Masschallenge Inc?
As of 2024, Masschallenge Inc holds $5.3M in total assets with $7.8M in annual revenue. It awarded 5 grants totaling $150K in 2024.
Where does Masschallenge Inc operate?
Masschallenge Inc has awarded grants in Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Illinois, Indiana, Kentucky, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Texas, Utah, Virginia, Vermont.
What size grants does Masschallenge Inc award?
In 2024, Masschallenge Inc awarded 5 grants totaling $150K — an average of about $30K per grant, based on its IRS Form 990 filings.
What is Masschallenge Inc's EIN?
Masschallenge Inc's EIN (Employer Identification Number) is 27-0382989. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Masschallenge Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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