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Nonprofiteer
← PHILANTHROPY MASSACHUSETTS INC

Form 990 for tax year 2024

Filed by PHILANTHROPY MASSACHUSETTS INC.

Totals

Total revenue
$5,544,821
Total expenses
$5,673,697
Contributions and grants received
$4,826,373
Grants paid
$1,815,725
Program service revenue
$510,489
Investment income
$207,959
Other revenue
$0
Total assets, end of year
$6,104,839
Total liabilities, end of year
$998,843
Net assets or fund balances, end of year
$5,105,996
Program services expenses (Part IX)
$4,889,584
Management and general expenses
$519,514
Fundraising expenses
$264,599
Program service expenses (Part III)
$4,889,584

Program services were 86.2% 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

    $597,542

  • 1f · All other contributions, gifts and grants

    $4,228,831

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $360,865 · related or exempt $360,865

  • 2b · Program service revenue: MANAGEMENT FEES

    total $149,624 · related or exempt $149,624

  • 3 · Investment income

    total $203,616 · excluded $203,616

  • 7a · Gross sales of assets other than inventory

    securities $136,372

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

    securities $132,029

  • 7c · Gain or loss

    securities $4,343

  • 7d · Net gain or loss

    total $4,343 · excluded $4,343

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,815,725 · program services $1,815,725

  • 5 · Compensation of officers, directors and key employees

    total $574,112 · program services $281,609 · management and general $172,058 · fundraising $120,445

  • 7 · Other salaries and wages

    total $466,727 · program services $406,158 · management and general $29,257 · fundraising $31,312

  • 8 · Pension plan contributions

    total $23,510 · program services $20,988 · management and general $1,229 · fundraising $1,293

  • 9 · Other employee benefits

    total $29,585 · program services $27,075 · management and general $2,401 · fundraising $109

  • 10 · Payroll taxes

    total $82,712 · program services $54,904 · management and general $15,705 · fundraising $12,103

  • 11b · Fees: legal

    total $26,619 · management and general $26,619

  • 11c · Fees: accounting

    total $44,855 · management and general $44,855

  • 11g · Fees: other

    total $105,502 · program services $787 · management and general $65,844 · fundraising $38,871

  • 13 · Office expenses

    total $30,875 · program services $10,101 · management and general $19,260 · fundraising $1,514

  • 14 · Information technology

    total $70,836 · program services $11,450 · management and general $59,386

  • 16 · Occupancy

    total $130,790 · program services $92,023 · management and general $21,725 · fundraising $17,042

  • 17 · Travel

    total $9,638 · program services $9,118 · management and general $353 · fundraising $167

  • 19 · Conferences, conventions and meetings

    total $327,436 · program services $276,561 · management and general $12,296 · fundraising $38,579

  • 22 · Depreciation, depletion and amortization

    total $37,269 · management and general $37,269

  • 23 · Insurance

    total $11,282 · program services $1,974 · management and general $9,308

  • 24a · Other expenses: FISCAL SPONSOR EXPENSES

    total $1,853,974 · program services $1,853,974

  • 24b · Other expenses: REGISTRATION FEES AND D

    total $32,250 · program services $27,137 · management and general $1,949 · fundraising $3,164

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $287,470 · end of year $182,454

  • 2 · Savings and temporary cash investments

    beginning of year $3,174,568 · end of year $1,429,112

  • 3 · Pledges and grants receivable

    end of year $710,240

  • 4 · Accounts receivable

    beginning of year $4,595 · end of year $22,598

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,911 · end of year $15,137

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

    $215,729

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

    $66,654

  • 10c · Land, buildings and equipment, net

    beginning of year $186,344 · end of year $149,075

  • 11 · Investments: publicly traded securities

    beginning of year $1,249,588 · end of year $3,103,132

  • 15 · Other assets

    beginning of year $607,110 · end of year $493,091

  • 17 · Accounts payable and accrued expenses

    beginning of year $145,700 · end of year $169,450

  • 19 · Deferred revenue

    beginning of year $20,380 · end of year $320,062

  • 25 · Other liabilities

    beginning of year $627,234 · end of year $509,331

  • 27 · Net assets without donor restrictions

    beginning of year $1,458,423 · end of year $1,495,517

  • 28 · Net assets with donor restrictions

    beginning of year $3,265,849 · end of year $3,610,479

Mission and programs · 2024

Mission

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

  • 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 $2,712,350 · Grants $858,376 · Revenue $171,624

  • SUMMER FUND: THE SUMMER FUND SUPPORTED OVER 60 NONPROFITS OPERATING OVER 100 SUMMER CAMP AND PROGRAM SITES. IN 2024, THE FUND SUPPORTED YOUTH THROUGH THREE DISTINCT GRANT PROGRAMS, INCLUDING GENERAL OPERATING GRANTS, A HOMELESS CAMPERSHIP FUND, AND A MENTAL HEALTH INFRASTRUCTURE FUND.

    Expenses $1,192,652 · Grants $957,349

  • MEMBER SERVICES: IN 2024, PHILANTHROPY MASSACHUSETTS CONTINUED TO PROVIDE 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: POWER AND EQUITY, PHILANTHROPY 101, ARTS AND MENTAL HEALTH. WE ALSO BROUGHT TOGETHER OUR PROGRAM STAFF LEARNING NETWORK, CFO NETWORK, FAMILY FOUNDATION CEOS AND FOUNDATION STAFF FROM DIFFERENT PARTS OF MA. WE ALSO PROVIDED CUSTOMIZED RESEARCH FOR FUNDER MEMBERS AND A MONTHLY NEWSLETTER.

    Expenses $705,198 · Revenue $36,423

  • 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 $279,384 · Revenue $302,442

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

Listed in Part VII

  • Mary Skelton Roberts

    CEO, AS OF 05/2024

    Total calculated
    $157,069
    From this org
    $135,921
    From related orgs
    $0
    Other
    $21,148
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,921
    Bonus
    $5,000
    Other
    $0
    Deferred
    $8,155
    Nontaxable benefits
    $12,993
    Filer's total
    $157,069

  • 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
    1.3

  • Eric Esteves

    AT LARGE EXEC COMM

    Total calculated
    $0
    Hours/week
    1.3

  • Dan Ardito

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kate Carney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Liana Krupp

    DIRECTOR THRU 09/24

    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 THRU 09/24

    Total calculated
    $0
    Hours/week
    1

  • Geeta Pradhan

    DIRECTOR THRU 09/24

    Total calculated
    $0
    Hours/week
    1

  • Sonia Shah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amie Shei

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Audrey Shelto

    DIRECTOR THRU 09/24

    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

  • Linh Nguyen

    FINANCE DIRECTOR

    Total calculated
    $123,721
    From this org
    $114,270
    From related orgs
    $0
    Other
    $9,451
    Hours/week
    40

  • Alexander McCray

    VP, MEMBER ENGAGEMENT & STRATEGIC INITIATIVES

    Total calculated
    $152,827
    From this org
    $132,186
    From related orgs
    $0
    Other
    $20,641
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,086
    Bonus
    $17,100
    Other
    $0
    Deferred
    $7,931
    Nontaxable benefits
    $12,710
    Filer's total
    $152,827

  • Jessica Berns

    VICE PRESIDENT, NETWORK VIBRANCY

    Total calculated
    $140,495
    From this org
    $117,215
    From related orgs
    $0
    Other
    $23,280
    Hours/week
    40

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A DISCRETIONARY BONUS DURING CALENDAR YEAR 2024, WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN THEIR 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES.

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349310087

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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