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← BOSTON 4 CELEBRATIONS FOUNDATION INC

Form 990 for tax year 2024

Filed by BOSTON 4 CELEBRATIONS FOUNDATION INC.

Totals

Total revenue
$2,099,191
Total expenses
$3,748,878
Contributions and grants received
$1,972,421
Grants paid
$0
Program service revenue
$126,770
Investment income
$0
Other revenue
$0
Total assets, end of year
$657,117
Total liabilities, end of year
$5,473,781
Net assets or fund balances, end of year
-$4,816,664
Program services expenses (Part IX)
$3,584,362
Management and general expenses
$164,516
Fundraising expenses
$0
Program service expenses (Part III)
$3,584,362

Program services were 95.6% 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.

  • 1e · Government grants (contributions)

    $310,000

  • 1f · All other contributions, gifts and grants

    $1,662,421

  • 1g · Noncash contributions included above

    $7,412

  • 2a · Program service revenue: BROADCAST REVENUE

    total $126,770 · related or exempt $126,770

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $43,506 · management and general $43,506

  • 11c · Fees: accounting

    total $6,825 · management and general $6,825

  • 11g · Fees: other

    total $952 · management and general $952

  • 12 · Advertising and promotion

    total $70,215 · management and general $70,215

  • 13 · Office expenses

    total $28,664 · program services $28,664

  • 14 · Information technology

    total $43,018 · management and general $43,018

  • 23 · Insurance

    total $171,450 · program services $171,450

  • 24a · Other expenses: ONSITE PRODUCTION

    total $1,882,055 · program services $1,882,055

  • 24b · Other expenses: TELEVISION PRODUCTION

    total $714,956 · program services $714,956

  • 24c · Other expenses: SECURITY

    total $322,734 · program services $322,734

  • 24d · Other expenses: FIREWORKS

    total $202,800 · program services $202,800

  • 24e · All other expenses

    total $261,703 · program services $261,703

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $431,041 · end of year $56,499

  • 3 · Pledges and grants receivable

    beginning of year $616,453 · end of year $438,750

  • 4 · Accounts receivable

    beginning of year $0 · end of year $2,115

  • 9 · Prepaid expenses and deferred charges

    beginning of year $118,198 · end of year $159,753

  • 17 · Accounts payable and accrued expenses

    beginning of year $542,596 · end of year $59,125

  • 25 · Other liabilities

    beginning of year $3,790,073 · end of year $5,414,656

  • 27 · Net assets without donor restrictions

    beginning of year -$3,807,977 · end of year -$5,279,961

  • 28 · Net assets with donor restrictions

    beginning of year $641,000 · end of year $463,297

Mission and programs · 2024

Mission

TO PROVIDE FOR PUBLIC CELEBRATION, CONCERT, AND FIREWORKS ON JULY 4THIN BOSTON, VIEWED BY THOUSANDS IN PERSON AND THROUGH THE MEDIA.

Activities or mission (Part I)

TO PROVIDE FOR PUBLIC CELEBRATION, CONCERT, AND FIREWORKS ON JULY 4TH.

  • THE BOSTON 4 CELEBRATIONS RETURNED TO THE CHARLES RIVER ESPLANADE ON JULY 4, 2025. KEITH LOCKHART LED THE BOSTON POPS ESPLANADE ORCHESTRA IN THE ORGANIZATION'S JOYOUS CELEBRATION OF THE COUNTRY'S INDEPENDENCE AT THE HATCH SHELL. THROUGHOUT THE AFTERNOON, THE CROWD AT THE ESPLANADE SWELLED. AN ESTIMATED 400,000 PEOPLE ENJOYED THE CONCERT. IN 2025, KEITH LOCKHART MARKED HIS 30TH YEAR AS THE BOSTON POPS CONDUCTOR. THE BOSTON POPS ESPLANADE ORCHESTRA WAS JOINED BY HEADLINERS LEEANN RIMES AND LESLIE ODOM JR, BOSTON'S OWN BELL BIV DEVOE, THE BOSTON CHILDREN'S CHORUS, AND THE U.S. ARMY FIELD BAND AND CHORUS. THE U.S. ARMY CHORUS SANG THE "STAR SPANGLED BANNER" AS WELL AS A "SALUTE TO OUR ARMED FORCES." (CONTINUED IN SCHEDULE O)THE CONCERT CAME TO A CONCLUSION WITH A PERFORMANCE OF TCHAIKOVSKY'S 1812 OVERTURE WITH LIVE CANNONS FOLLOWED BY A HALF HOUR FIREWORKS DISPLAY THAT REQUIRED A TEAM OF 20 PEOPLE TO DESIGN, ENGINEER, LOAD IN 4,000 FIREWORKS SHELLS THAT LIT UP THE SKY.

    Expenses $3,584,362 · Revenue $126,770

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chad Smith

    PRESIDENT, TRUSTEE

    Total calculated
    $1,325,810
    From this org
    $0
    From related orgs
    $1,318,099
    Other
    $7,711
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,097,476 related
    Bonus
    $0 + $210,000 related
    Other
    $0 + $10,623 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,711 related
    Filer's total
    $0 + $1,325,810 related

  • Katherine Decelles

    TREASURER, TRUSTEE

    Total calculated
    $238,190
    From this org
    $0
    From related orgs
    $218,872
    Other
    $19,318
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,805 related
    Bonus
    $0
    Other
    $0 + $1,067 related
    Deferred
    $0 + $6,371 related
    Nontaxable benefits
    $0 + $12,947 related
    Filer's total
    $0 + $238,190 related

  • Joseph Kamay

    CLERK, TRUSTEE

    Total calculated
    $100,160
    From this org
    $0
    From related orgs
    $89,995
    Other
    $10,165
    Hours/week
    1 + 40 related

  • Paul Eric Krauss

    VICE-PRESIDENT

    Total calculated
    $362,808
    From this org
    $0
    From related orgs
    $314,556
    Other
    $48,252
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $311,547 related
    Bonus
    $0
    Other
    $0 + $3,009 related
    Deferred
    $0 + $9,517 related
    Nontaxable benefits
    $0 + $38,735 related
    Filer's total
    $0 + $362,808 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

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

The filer's explanations (Part III)

PART I, LINE 8
COMPENSATION REPORTED IN PART VII, SECTION A PAID TO PRESIDENT AND CEO, CHAD SMITH, WERE SUBJECT TO THE INITIAL CONTRACT EXCEPTION DESCRIBED IN REGULATIONS SECTION 53.4958-4(A)(3). NONETHELESS, THE ORCHESTRA FOLLOWED THE REBUTTABLE PRESUMPTION PROCEDURES DESCRIBED IN REGULATIONS SECTION 53.4958-6(C).

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 263 HA LIMITED PARTNERSHIP

    N/A · REAL ESTATE · MA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 263 REALTY CORPORATION

    C · REAL ESTATE · MA · controlled entity

Provenance

Return type
form_990
Tax year
2024
Filed
14 July 2026
IRS schema version
2024v5.5
Source object
202631959349301823

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