Masschallenge Inc
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.
Key facts about Masschallenge Inc
In short: Masschallenge Inc gave $150K across 5 grants in 2024 (avg $30K), top state Utah. Source: 2024 IRS Form 990.
- EIN
- 27-0382989
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $150,000
- Grants made (2024)
- 5
- Average grant
- $30,000
- Median grant
- $25,000
- Total assets
- $5,317,198
- Primary geography
- Utah (33% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · 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
How Masschallenge Inc gives
- Giving fell 82% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
About Masschallenge Inc
Based on IRS filings
Masschallenge Inc is a public charity 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
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $150K (2024) to $1.5M (2020). In 2024 it made 5 grants totaling $150K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Airbuild Inc ($50K). Together the top 5 received $150K.
Grant Size Distribution
136 grants across all recorded years
The most common grant size was under $50K: 110 grants of 136 (81%).
Giving History
Grant recipients and amounts by year
| 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 |
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 |
| Net Investment Income | $212 | $2,228 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 3, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 12, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Masschallenge Inc is led by Caitlin Brumme, CEO & President since 2022 (on filings since 2020); 9 of 20 officers listed in 2024 are compensated.
Officers on the 2024 filing
Caitlin Brumme
CEO & President
Managing Director → CEO & President, 2022
On filings since 2020
40 hrs/week
$182K (2020) → $338K (2024)
Angel Ugalde Flores
Serior Director of Finance
New on the 2024 filing
40 hrs/week
$173K (2024)
Sunanda Narayanaswamy
Senior Director of Globalpartnerships
New on the 2024 filing
40 hrs/week
$155K (2024)
Fiona Murray
Director
On filings since 2020
1 hr/week
No compensation reported
John W. Harthorne
Director
On filings since 2020
1 hr/week
No compensation reported
Michael Fanning
Director
On filings since 2020
1 hr/week
No compensation reported
Travis McCready
Director
On filings since 2020
1 hr/week
No compensation reported
William C. Cowan
Director
On filings since 2020
1 hr/week
No compensation reported
Deborah Disanzo
Director
On filings since 2023
1 hr/week
No compensation reported
Elizabeth Graham
Director
On filings since 2023
1 hr/week
No compensation reported
Ian Roberts
Director
On filings since 2023
1 hr/week
No compensation reported
Meghan Verona Joyce
Director
On filings since 2023
1 hr/week
No compensation reported
Michael Langer
Director
On filings since 2023
1 hr/week
No compensation reported
Craig Lewis
Director
New on the 2024 filing
1 hr/week
No compensation reported
Robert Bitting
Chief of Staff
Vice President of Global Program Operations → Chief of Staff, 2022
On filings since 2021
40 hrs/week
$148K (2021) → $180K (2024)
Lisa McLaughlin
Treasurer, Clerk & COO
COO → Treasurer, Clerk & COO, 2023
On filings since 2022
40 hrs/week
$60K (2022) → $257K (2024)
William Magruder
Vice President of Partnerships
On filings since 2022
40 hrs/week
$154K (2022) → $180K (2024)
Bryetta Calloway
Vice President of Marketing & Communications
On filings since 2023
40 hrs/week
$155K (2023) → $180K (2024)
James Fountain
Head of Technology
On filings since 2023
40 hrs/week
$135K (2023) → $199K (2024)
Gaurav Manchanda
Chief Program Officer
New on the 2024 filing
40 hrs/week
$166K (2024)
Former officers (24)
- Former: Damon Cox (2022–2024) — Head of Next Practice · Filing note: Ended 061424
- Former: Ernesto Martinez (2022–2024) — Head of Development & Inno · Filing note: Ended 82324
- Former: Christine Casalini (2024) — Senior Director of Development · Filing note: Ended 101824
- Former: Ryan Bowen (2024) — Director of Platform Operations · Filing note: Ended 82324
- Former: Jonathan Nordby (2020–2023) — Head of Community & Ecosystem
- Former: Mary Hopkins (2020–2023) — Head of Us Acceleration
- Former: Lauren Mitchell (2022–2023) — Vice President of Community
- Former: Scott Schoen (2023) — Director
- Former: David Herrick (2020–2022) — Cpo · Filing note: Ended 4/2022
- Former: Diane Hessan (2020–2022) — Director
- Former: Lauren Dougherty (2020–2022) — Treasurer, Clerk & COO
- Former: Len Schlesinger (2020–2022) — Director
- Former: James Sattler (2021–2022) — Vice President of Product & Engineering · Filing note: Ended 11/2022
- Former: Lindsay Eulenfeld (2022) — Senior Director of Accelerator Design · Filing note: Ended 9/2022
- Former: Devon Sherman (2020–2021) — Managing Director
- Former: Jason Pulsifer (2020–2021) — Vice President of Finance
- Former: Shankar Ambady (2020–2021) — Senior Software Engineer
- Former: Siobhan Dullea (2020–2021) — CEO & President
- Former: Timothy Fowler (2020–2021) — Senior Director Partnershi
- Former: Jocelyn Tuttle (2021) — Vice President of People Strategy
- Former: Donald Dougherty (2020) — Managing Director
- Former: Omri Baumer (2020) — CTO
- Former: Rebekah Burns Valberg (2020) — Vice President of Growth
- Former: Scott Bailey (2020) — Cgo
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $338K, to Caitlin Brumme (CEO/President). 13 officers or directors reported compensation on that filing.
Frequently asked questions about Masschallenge Inc
How much does Masschallenge Inc give each year?
Masschallenge Inc gave $150K across 5 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $422K across 14 grants.
What is Masschallenge Inc's typical grant size?
Masschallenge Inc's median grant in 2024 was $25,000, and its average grant was $30,000, across 5 grants on its 2024 IRS Form 990.
Where does Masschallenge Inc give grants?
Masschallenge Inc's top state is Utah, with 33% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were Texas (17%) and Maine (17%).
Does Masschallenge Inc give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Masschallenge Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Seed Money for Early-Stage Entrepreneurs" (5 grants).
Who are Masschallenge Inc's largest grantees?
Masschallenge Inc's largest 2024 grantees include Airbuild Inc ($50,000), Tremedics Medical Devices Inc ($25,000) and Algas Organics (Dujco Inc) ($25,000), according to its 2024 IRS Form 990. Together they received 67% of its itemized 2024 grant dollars.
How large is Masschallenge Inc?
Masschallenge Inc reported $5.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $7.8M.
What is Masschallenge Inc?
Masschallenge Inc is a public charity focused on Community Improvement & Capacity Building, based in Boston, MA. It holds $5.3M in total assets as of 2024.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Masschallenge Inc by hand.
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Masschallenge Inc down — hundreds of funders to go?