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Nonprofiteer
← THIRD SECTOR NEW ENGLAND INC

Form 990 for tax year 2022

Filed by THIRD SECTOR NEW ENGLAND INC.

Totals

Total revenue
$88,378,996
Total expenses
$75,477,123
Contributions and grants received
$64,478,513
Grants paid
$11,286,549
Program service revenue
$19,242,790
Investment income
$2,247,283
Other revenue
$2,410,410
Total assets, end of year
$162,486,187
Total liabilities, end of year
$22,195,021
Net assets or fund balances, end of year
$140,291,166
Program services expenses (Part IX)
$65,190,074
Management and general expenses
$8,789,473
Fundraising expenses
$1,497,576
Program service expenses (Part III)
$65,190,074

Program services were 86.4% 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

    $138,457

  • 1c · Fundraising events

    $57,043

  • 1e · Government grants (contributions)

    $1,288,995

  • 1f · All other contributions, gifts and grants

    $62,994,018

  • 1g · Noncash contributions included above

    $915,433

  • 2a · Program service revenue: CONTRACT REVENUE

    total $14,909,018 · related or exempt $14,909,018

  • 2b · Program service revenue: RENTAL INCOME

    total $3,316,109 · related or exempt $3,316,109

  • 2c · Program service revenue: CONFERENCE REVENUE

    total $1,017,663 · related or exempt $1,017,663

  • 3 · Investment income

    total $2,207,094 · excluded $2,207,094

  • 5 · Royalties

    total $2,277,244 · excluded $2,277,244

  • 7a · Gross sales of assets other than inventory

    securities $24,515,818

  • 7b · Less cost or other basis and sales expenses

    securities $24,475,629

  • 7c · Gain or loss

    securities $40,189

  • 7d · Net gain or loss

    total $40,189 · excluded $40,189

  • 8a · Fundraising events: gross income

    $11,229

  • 8a · Fundraising events: contributions included on line 1c

    $57,043

  • 8b · Fundraising events: direct expenses

    $48,955

  • 8c · Net income from fundraising events

    total -$37,726 · excluded -$37,726

  • 11a · Other revenue: SALES REVENUE

    total $138,445 · related or exempt $138,445

  • 11b · Other revenue: OTHER INCOME

    total $32,447 · related or exempt $32,447

  • 11e · Other revenue, total

    $170,892

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,729,515 · program services $10,729,515

  • 3 · Grants to foreign organizations and individuals

    total $557,034 · program services $557,034

  • 5 · Compensation of officers, directors and key employees

    total $525,955 · management and general $525,955

  • 7 · Other salaries and wages

    total $30,890,836 · program services $25,096,058 · management and general $4,906,763 · fundraising $888,015

  • 8 · Pension plan contributions

    total $1,248,963 · program services $1,008,861 · management and general $240,102

  • 9 · Other employee benefits

    total $4,181,860 · program services $3,094,540 · management and general $946,135 · fundraising $141,185

  • 10 · Payroll taxes

    total $2,403,385 · program services $1,919,849 · management and general $415,603 · fundraising $67,933

  • 11b · Fees: legal

    total $137,818 · program services $48,908 · management and general $88,910

  • 11c · Fees: accounting

    total $241,475 · program services $17,560 · management and general $223,915

  • 11d · Fees: lobbying

    total $218,113 · program services $218,113

  • 11e · Fees: professional fundraising services

    total $326,098 · fundraising $326,098

  • 11g · Fees: other

    total $13,919,228 · program services $13,645,102 · management and general $274,126

  • 12 · Advertising and promotion

    total $85,147 · program services $80,370 · management and general $4,582 · fundraising $195

  • 13 · Office expenses

    total $376,028 · program services $330,307 · management and general $43,042 · fundraising $2,679

  • 14 · Information technology

    total $889,460 · program services $440,908 · management and general $447,335 · fundraising $1,217

  • 16 · Occupancy

    total $1,767,222 · program services $1,726,027 · management and general $37,927 · fundraising $3,268

  • 17 · Travel

    total $967,046 · program services $943,626 · management and general $19,062 · fundraising $4,358

  • 19 · Conferences, conventions and meetings

    total $2,037,121 · program services $1,974,392 · management and general $28,723 · fundraising $34,006

  • 20 · Interest

    total $324,569 · program services $324,569

  • 22 · Depreciation, depletion and amortization

    total $1,446,897 · program services $1,357,465 · management and general $89,432

  • 23 · Insurance

    total $372,145 · program services $85,376 · management and general $286,769

  • 24a · Other expenses: SUPPLIES

    total $780,004 · program services $777,960 · management and general $511 · fundraising $1,533

  • 24b · Other expenses: TELEPHONE

    total $528,505 · program services $467,324 · management and general $53,127 · fundraising $8,054

  • 24c · Other expenses: PRINTING & PUBLICATIONS

    total $162,921 · program services $150,530 · management and general $1,060 · fundraising $11,331

  • 24d · Other expenses: TRAINING

    total $80,787 · program services $72,888 · management and general $6,401 · fundraising $1,498

  • 24e · All other expenses

    total $278,991 · program services $122,792 · management and general $149,993 · fundraising $6,206

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $61,284,470 · end of year $76,564,129

  • 4 · Accounts receivable

    beginning of year $26,592,582 · end of year $25,329,372

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,103,381 · end of year $1,259,941

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

    $32,592,963

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

    $13,654,803

  • 10c · Land, buildings and equipment, net

    beginning of year $19,694,828 · end of year $18,938,160

  • 11 · Investments: publicly traded securities

    beginning of year $34,275,565 · end of year $36,623,745

  • 15 · Other assets

    beginning of year $1,936,434 · end of year $3,770,840

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,417,702 · end of year $7,508,578

  • 19 · Deferred revenue

    beginning of year $1,747,764 · end of year $2,268,837

  • 20 · Tax-exempt bond liabilities

    beginning of year $11,141,870 · end of year $10,633,504

  • 23 · Secured mortgages and notes payable

    beginning of year $949,491 · end of year $399,491

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,384,611

  • 27 · Net assets without donor restrictions

    beginning of year $34,279,392 · end of year $38,057,973

  • 28 · Net assets with donor restrictions

    beginning of year $90,351,041 · end of year $102,233,193

Mission and programs · 2022

Mission

THIRD SECTOR NEW ENGLAND STRENGTHENS ORGANIZATIONS WORKING TOWARDS A JUST AND EQUITABLE SOCIETY.

Activities or mission (Part I)

THIRD SECTOR NEW ENGLAND PROVIDES CAPACITY BUILDING, ORGANIZATIONAL DEVELOPMENT, CONSULTING AND TRAINING, PROPERTY MANAGEMENT, AND OTHER SERVICES TO SUPPORT THE SUSTAINABILITY AND GROWTH OF NONPROFIT ORGANIZATIONS WORKING TO CREATE AN EQUITABLE SOCIETY.

  • THROUGH AN ARRAY OF CAPACITY BUILDING SERVICES AND MANAGEMENT SUPPORT PROGRAMS, THIRD SECTOR NEW ENGLAND BUILDS THE LEADERSHIP AND EFFECTIVENESS OF INDIVIDUALS AND GROUPS TO CREATE A MORE JUST AND DEMOCRATIC SOCIETY.THIRD SECTOR NEW ENGLAND'S FISCAL SPONSORSHIP PROGRAM PROVIDES MANAGEMENT SUPPORT TO MISSION-DRIVEN GROUPS THAT FOCUS THEIR WORK ON ISSUES AFFECTING THE ROOT CAUSES OF SOCIAL PROBLEMS. WE SUPPORT ALL PROJECTS WITH A BROAD ARRAY OF ADMINISTRATIVE SERVICES. TSNE MANAGES NONPROFIT PROJECTS' FINANCES, GOVERNANCE, HUMAN RESOURCES, INSURANCE NEEDS, AND OTHER INCREASINGLY COMPLEX COMPLIANCE ISSUES ASSOCIATED WITH RUNNING A STAND ALONE NONPROFIT. THROUGH THESE SUPPORT SERVICES FOR A VARIETY OF INDIVIDUAL PROJECTS, WE SEEK TO PROVIDE WIDER ACCESS TO RESOURCES AND SERVICES FOR PEOPLE SYSTEMATICALLY DENIED FAIR ACCESS. PROJECT-BASED WORK ADDRESSES ISSUES SUCH AS CIVIL AND OTHER BASIC HUMAN RIGHTS, ENVIRONMENTAL SUSTAINABILITY, FOOD SECURITY, AND ACCESS TO HEALTH CARE, HOUSING, AND EDUCATION.

    Expenses $60,100,586 · Grants $11,286,549 · Revenue $14,462,820

  • TSNE'S CONSULTING SERVICES ASSIST NON-PROFITS IN BUILDING ORGANIZATIONAL CAPACITY USING A WHOLE SYSTEMS APPROACH. A BROAD RANGE OF SERVICES ARE OFFERED THAT INCLUDE ORGANIZATIONAL ASSESSMENT, BOARD DEVELOPMENT, EXECUTIVE TRANSITIONS MANAGEMENT, SUCCESSION PLANNING, PROGRAM EVALUATION, AND STRATEGIC PLANNING. OUR CONSULTANTS ALSO ENGAGE IN FIELD BUILDING PROJECTS WHICH AFFECT COALITIONS OR HAVE BROAD COMMUNITY IMPACT.

    Expenses $1,943,012 · Revenue $898,646

  • THE NONPROFIT CENTER IS BOSTON'S HOME FOR PROGRESSIVE SOCIAL CHANGE NONPROFITS AND A RESOURCE FOR THE LARGER NONPROFIT COMMUNITY. WITH 110,000 SQUARE FEET OF OFFICE SPACE AND MEETING SPACE, THE CENTER IS A HUB FOR NONPROFITS IN THE BOSTON AREA. DEVELOPED USING SUSTAINABLE DESIGN, THE CENTER'S MISSION IS TO FOSTER COLLABORATION AND ENHANCE ORGANIZATIONAL STABILITY. THE CENTER'S TENANTS ARE MISSION-FOCUSED NONPROFITS COMMITTED TO MAKING A POSITIVE IMPACT IN THE COMMUNITIES THEY OPERATE AND ON THE CONSTITUENTS THEY SERVE.

    Expenses $3,146,476 · Revenue $4,052,216

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elaine L Ng

    PRESIDENT AND CEO

    Total calculated
    $343,491
    From this org
    $313,104
    From related orgs
    $0
    Other
    $30,387
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $312,072
    Bonus
    $0
    Other
    $1,032
    Deferred
    $21,917
    Nontaxable benefits
    $8,470
    Filer's total
    $343,491

  • Noah Stockman

    CFO

    Total calculated
    $226,183
    From this org
    $212,356
    From related orgs
    $0
    Other
    $13,827
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $212,116
    Bonus
    $0
    Other
    $240
    Deferred
    $7,432
    Nontaxable benefits
    $6,395
    Filer's total
    $226,183

  • Luz D Rivera

    CHIEF PEOPLE AND CULTURE OFFICER

    Total calculated
    $195,188
    From this org
    $185,151
    From related orgs
    $0
    Other
    $10,037
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $184,911
    Bonus
    $0
    Other
    $240
    Deferred
    $6,480
    Nontaxable benefits
    $3,557
    Filer's total
    $195,188

  • Michael Ibrahim

    CHIEF PROGRAM AND IMPACT OFFICER

    Total calculated
    $194,001
    From this org
    $188,443
    From related orgs
    $0
    Other
    $5,558
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $188,203
    Bonus
    $0
    Other
    $240
    Deferred
    $518
    Nontaxable benefits
    $5,040
    Filer's total
    $194,001

  • Susan G Hibbard

    PROJECT DIRECTOR

    Total calculated
    $295,304
    From this org
    $263,577
    From related orgs
    $0
    Other
    $31,727
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $259,269
    Bonus
    $0
    Other
    $4,308
    Deferred
    $26,048
    Nontaxable benefits
    $5,679
    Filer's total
    $295,304

  • Sherri Stewart

    PROJECT DIRECTOR

    Total calculated
    $224,548
    From this org
    $207,310
    From related orgs
    $0
    Other
    $17,238
    Hours/week
    33.75

    Schedule J breakdown matched by us

    Base
    $204,526
    Bonus
    $0
    Other
    $2,784
    Deferred
    $14,407
    Nontaxable benefits
    $2,831
    Filer's total
    $224,548

  • Shannon Rudisill

    PROJECT DIRECTOR

    Total calculated
    $227,106
    From this org
    $203,721
    From related orgs
    $0
    Other
    $23,385
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $203,169
    Bonus
    $0
    Other
    $552
    Deferred
    $14,240
    Nontaxable benefits
    $9,145
    Filer's total
    $227,106

  • Miki Akimoto

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Jaye Y Smith

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Clement James

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Marcos Popovich

    CLERK

    Total calculated
    $0
    Hours/week
    0.25

  • Angela Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Beth Chandler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Nancy B Gardiner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Jay Kim

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Ayisha Lee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Cheryl Schaeffer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Megha Vadula

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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.

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.

  • THIRD SECTOR HOLDINGS INC

    PENDING · HOLDING COMPANY · MA · controlled entity

    Directly controlled by THIRD SECTOR NEW ENGLAND INC

Provenance

Return type
form_990
Tax year
2022
Filed
5 March 2024
IRS schema version
2022v5.0
Source object
202410799349300036

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