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Nonprofiteer
← PHILANTHROPY MASSACHUSETTS INC

Form 990 for tax year 2023

Filed by PHILANTHROPY MASSACHUSETTS INC.

Totals

Total revenue
$5,509,630
Total expenses
$4,715,953
Contributions and grants received
$4,972,049
Grants paid
$1,605,751
Program service revenue
$387,282
Investment income
$150,299
Other revenue
$0
Total assets, end of year
$5,517,586
Total liabilities, end of year
$793,314
Net assets or fund balances, end of year
$4,724,272
Program services expenses (Part IX)
$4,200,698
Management and general expenses
$328,645
Fundraising expenses
$186,610
Program service expenses (Part III)
$4,200,698

Program services were 89.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $647,793

  • 1f · All other contributions, gifts and grants

    $4,324,256

  • 2a · Program service revenue: PROGRAM SERVICE FEE

    total $387,282 · related or exempt $387,282

  • 3 · Investment income

    total $150,299 · excluded $150,299

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,605,751 · program services $1,605,751

  • 5 · Compensation of officers, directors and key employees

    total $384,099 · program services $292,102 · management and general $60,289 · fundraising $31,708

  • 7 · Other salaries and wages

    total $548,696 · program services $369,541 · management and general $75,115 · fundraising $104,040

  • 8 · Pension plan contributions

    total $33,641 · program services $22,254 · management and general $4,033 · fundraising $7,354

  • 9 · Other employee benefits

    total $47,427 · program services $28,268 · management and general $6,956 · fundraising $12,203

  • 10 · Payroll taxes

    total $75,607 · program services $51,854 · management and general $12,387 · fundraising $11,366

  • 11b · Fees: legal

    total $3,000 · management and general $3,000

  • 11c · Fees: accounting

    total $43,623 · program services $5,512 · management and general $38,111

  • 11g · Fees: other

    total $878,038 · program services $831,523 · management and general $46,233 · fundraising $282

  • 13 · Office expenses

    total $38,971 · program services $23,257 · management and general $13,131 · fundraising $2,583

  • 14 · Information technology

    total $27,265 · management and general $27,265

  • 16 · Occupancy

    total $143,112 · program services $97,145 · management and general $29,679 · fundraising $16,288

  • 17 · Travel

    total $10,627 · program services $7,903 · management and general $2,724

  • 19 · Conferences, conventions and meetings

    total $866,565 · program services $864,953 · management and general $1,152 · fundraising $460

  • 24a · Other expenses: MISCELLANEOUS

    total $7,021 · program services $111 · management and general $6,910

  • 24b · Other expenses: REGISTRATION FEES, DUES

    total $2,510 · program services $524 · management and general $1,660 · fundraising $326

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $861,351 · end of year $287,470

  • 2 · Savings and temporary cash investments

    beginning of year $3,155,811 · end of year $3,174,568

  • 4 · Accounts receivable

    beginning of year $7,342 · end of year $4,595

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,911 · end of year $7,911

  • 10a · Land, buildings and equipment: cost or other basis

    $256,389

  • 10b · Land, buildings and equipment: accumulated depreciation

    $70,045

  • 10c · Land, buildings and equipment, net

    beginning of year $90,344 · end of year $186,344

  • 11 · Investments: publicly traded securities

    end of year $1,249,588

  • 15 · Other assets

    beginning of year $719,337 · end of year $607,110

  • 17 · Accounts payable and accrued expenses

    beginning of year $156,053 · end of year $145,700

  • 19 · Deferred revenue

    beginning of year $14,110 · end of year $20,380

  • 25 · Other liabilities

    beginning of year $740,338 · end of year $627,234

  • 27 · Net assets without donor restrictions

    beginning of year $1,307,852 · end of year $1,458,423

  • 28 · Net assets with donor restrictions

    beginning of year $2,622,743 · end of year $3,265,849

Mission and programs · 2023

Mission

TO PROMOTE THE PRACTICE AND EXPANSION OF EFFECTIVE AND RESPONSIBLE PHILANTHROPY TO IMPROVE THE HEALTH AND VITALITY OF THE REGION.

  • SUMMER FUND: THE SUMMER FUND SUPPORTED OVER 60 NONPROFITS OPERATING OVER 100 SUMMER CAMP AND PROGRAM SITES. IN 2023, THE FUND SUPPORTED YOUTH THROUGH THREE DISTINCT GRANT PROGRAMS, INCLUDING GENERAL OPERATING GRANTS, A HOMELESS CAMPERSHIP FUND, AND A MENTAL HEALTH INFRASTRUCTURE FUND.

    Expenses $1,333,383 · Grants $1,083,520

  • MEMBER SERVICES: DURING 2023, PHILANTHROPY MASSACHUSETTS PROVIDED ITS FUNDER MEMBERS AND THE FUNDING COMMUNITY WITH A RANGE OF VIRTUAL PROGRAM OFFERINGS COVERING MULTIPLE TOPICS AND REGIONS. OVER 2,000 PARTICIPANTS ATTENDED PROGRAMS ON TOPICS INCLUDING: REGIONAL VIRTUAL MEETINGS, A POWER AND EQUITY SERIES, PHILANTHROPY 101, MA ARTS FUNDERS NETWORK, MA COMMUNITY FOUNDATION PARTNERSHIP, PROGRAM STAFF LEARNING NETWORK, BEHAVIORAL HEALTH FUNDERS, CFO NETWORK, TRUSTEES, CORPORATE FUNDERS, AND FAMILY FOUNDATION CEOS. RESOURCE STAFF PROVIDED CUSTOMIZED RESEARCH FOR FUNDER MEMBERS.

    Expenses $689,983 · Revenue $57,905

  • FISCAL SPONSORSHIP ACTIVITIES: PHILANTHROPY MASSACHUSETTS PROVIDES GENERAL FINANCIAL MANAGEMENT THAT INCLUDES ACCOUNTS RECEIVABLE, ACCOUNTS PAYABLE, PROVIDING PERIODIC STATEMENTS OF THE ACCOUNT, AND HANDLING ALL STATE AND FEDERAL FILINGS TO INCORPORATED AND UNINCORPORATED ENTITIES OPERATING FOR CHARITABLE PURPOSES.

    Expenses $1,921,360 · Grants $522,231 · Revenue $117,588

  • NONPROFIT PARTNER SERVICES: PHILANTHROPY MASSACHUSETTS HAS 400 GRANT SEEKING PARTNERS, NONPROFIT ORGANIZATIONS AND CONSULTANTS. PHILANTHROPY MASSACHUSETTS BRIDGES THE NONPROFIT AND FUNDER COMMUNITIES BY GIVING ACCESS TO RESEARCH AND INFORMATION TO SUPPORT FUND DEVELOPMENT, PROVIDING PROFESSIONAL DEVELOPMENT AND NETWORKING OPPORTUNITIES FOR NONPROFIT STAFF MEMBERS. SOME OF THE PROGRAMS PRESENTED INCLUDE MEET-THE-DONORS AND SKILL-BUILDING WORKSHOPS IN GRANT RESEARCH, GRANT WRITING, DONOR CULTIVATION, A FUNDRAISING CERTIFICATE PROGRAM AND A FUNDRAISING FOR SENIOR EXECUTIVES PROGRAM. THE RESOURCE STAFF PROVIDED VIRTUAL ACCESS TO DATABASES FOR GRANT RESEARCH AS WELL AS ONE-ON-ONE TRAINING ON RESEARCH. CUSTOMIZED RESEARCH IS PROVIDED BY THE RESOURCE CENTER TO PARTNERS AT A PREMIUM LEVEL.

    Expenses $255,972 · Revenue $211,789

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JEFFREY POULOS

    CEO

    Total calculated
    $145,240
    From this org
    $128,474
    From related orgs
    $0
    Other
    $16,766
    Hours/week
    40

  • ALEXANDER MCCRAY

    INTERIM CO-ED

    Total calculated
    $134,070
    From this org
    $117,978
    From related orgs
    $0
    Other
    $16,092
    Hours/week
    40

  • JESSICA BERNS

    INTERIM CO-ED

    Total calculated
    $113,340
    From this org
    $106,673
    From related orgs
    $0
    Other
    $6,667
    Hours/week
    40

  • PETER TAYLOR

    CHAIR

    Total calculated
    $0
    Hours/week
    1.3

  • PRENTICE ZINN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.3

  • ROB ZACCARDI

    TREASURER

    Total calculated
    $0
    Hours/week
    1.3

  • KAREN GILL

    ASST. TREASURER

    Total calculated
    $0
    Hours/week
    1.3

  • JAY KIM

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • ERIC ESTEVES

    AT LARGE EXEC COMM

    Total calculated
    $0
    Hours/week
    1

  • GILES LI

    VICE CHAIR (UNTIL 9/2023)

    Total calculated
    $0
    Hours/week
    1.3

  • KATE GRUNDY

    AT LARGE EXEC COMM (UNTIL 9/2023)

    Total calculated
    $0
    Hours/week
    1.3

  • AUDREY SHELTO

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAN ARDITO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATE CARNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LIANA KRUPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMIE MAGUIRE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALI MATHIAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTIN O'MALLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NATANJA CRAIG OQUENDO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEETA PRADHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SONIA SHAH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMIE SHEI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEXANDRA PINEROS SHIELDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA SOBALVARRO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRYAN SPENCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NANCY STAGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARQUIS VICTOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSIE GREENE

    DIRECTOR (UNTIL 9/2023)

    Total calculated
    $0
    Hours/week
    1.3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
2 October 2024
IRS schema version
2023v5.1
Source object
202423049349300802

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