Small Public Charity

Smarter in the City Inc

Smarter in the City Inc is a Small Public Charity headquartered in Boston, MA. Financial data from the 2018 filing: $59K revenue, $58K expenses, $27K total assets. 6 publicly reported grants to this organization, totaling roughly $217K, appear in IRS filings.

EIN: 471127201 Boston, MA Urban & Community Economic Development NTEE: S31 Latest filing: 2018
Total Revenue$59K
Total Expenses$58K
Total Assets$27K
Grant Records6
Funding Total$217K
Filing Years2016–2018

Mission

THE CORPORATION IS FORMED FOR THE PURPOSE OF PROMOTING EDUCATIONAL AND CHARITABLE PURPOSES AND IS BEING ORGANIZED PRIMARILY TO: (1) OFFER A FREE BUSINESS ACCELERATOR FOR HIGH-TECH STARTUPS; (2) PROVIDE FREE OFFICE SPACE, A MEETING FACILITY, MENTORSHIP, AND PROFESSIONAL ASSISTANCE TO THOSE STARTUPS WHO ARE A PART OF OUR PROGRAM; AND (3) TO PROVIDE AND FOSTER ACCESS TO BUSINESS KNOWLEDGE, CAPITAL, NETWORKING, AND CONNECTIONS WITHIN THE SMARTER IN THE CITY ALUMNI COMMUNITY AND BEYOND. FURTHER, A FOCUS OF THE CORPORATION WILL BE TO PROVIDE THESE SERVICES TO DEMOGRAPHICALLY UNDERREPRESENTED COMMUNITIES IN THE HIGH-TECH SECTOR IN ORDER TO INCREASE ACCESS TO AND DIVERSITY WITHIN THE INDUSTRY. THE CORPORATION'S SPACE AND SERVICES ARE SPONSORED BY FOUNDATION AND PUBLIC GRANTS, AS WELL AS PRIVATE/CORPORATE DONATIONS.

Officers & Directors

Director Chiso Okafor
President Gilad Rosenzweig
Executive Director Kofi Callender
Clerk Tim Buntel

Officer compensation and complete director data available with membership.

Top Grant Purposes

Economic Development
$101,000 2 grants
Community Development
$85,000 2 grants
TO ASSIST IN STARTUP OF NONPROFIT
$20,000 1 grant
Operating Support/Annual Fund
$11,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2018 $59K $58K $27K
2017 $108K $79K $26K
2016 $12K $15K $1K

Between 2016 and 2018, reported annual revenue grew from $12K to $59K (+370%), with total assets most recently reported at $27K.

Interactive year-over-year charts and full filing details available with membership.

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