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Nonprofiteer
← COMMUNITY FOUNDATION OF NORTH CENTRAL MASSACHUSETTS INC

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION OF NORTH CENTRAL MASSACHUSETTS INC.

Totals

Total revenue
$9,751,867
Total expenses
$6,083,844
Contributions and grants received
$5,377,126
Grants paid
$5,226,458
Program service revenue
$115,264
Investment income
$4,289,347
Other revenue
-$29,870
Total assets, end of year
$79,629,282
Total liabilities, end of year
$7,621,202
Net assets or fund balances, end of year
$72,008,080
Program services expenses (Part IX)
$5,343,324
Management and general expenses
$438,259
Fundraising expenses
$302,261
Program service expenses (Part III)
$5,343,324

Program services were 87.8% 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)

    $531,866

  • 1f · All other contributions, gifts and grants

    $4,845,260

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $69,066 · related or exempt $69,066

  • 2b · Program service revenue: OTHER REVENUE

    total $46,198 · related or exempt $46,198

  • 3 · Investment income

    total $2,220,811 · related or exempt $2,220,811

  • 7a · Gross sales of assets other than inventory

    securities $3,807,296

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

    securities $1,738,760

  • 7c · Gain or loss

    securities $2,068,536

  • 7d · Net gain or loss

    total $2,068,536 · related or exempt $2,068,536

  • 8a · Fundraising events: gross income

    $132,964

  • 8b · Fundraising events: direct expenses

    $162,834

  • 8c · Net income from fundraising events

    total -$29,870 · excluded -$29,870

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,154,676 · program services $5,154,676

  • 2 · Grants to domestic individuals

    total $71,782 · program services $71,782

  • 7 · Other salaries and wages

    total $483,416 · program services $72,512 · management and general $241,708 · fundraising $169,196

  • 8 · Pension plan contributions

    total $23,856 · program services $3,578 · management and general $11,928 · fundraising $8,350

  • 9 · Other employee benefits

    total $48,839 · program services $7,326 · management and general $24,420 · fundraising $17,093

  • 10 · Payroll taxes

    total $43,703 · program services $6,556 · management and general $21,851 · fundraising $15,296

  • 11a · Fees: management

    total $8,423 · management and general $8,423

  • 11c · Fees: accounting

    total $56,550 · management and general $56,550

  • 11e · Fees: professional fundraising services

    total $13,557 · fundraising $13,557

  • 11g · Fees: other

    total $9,324 · management and general $2,530 · fundraising $6,794

  • 12 · Advertising and promotion

    total $15,896 · fundraising $15,896

  • 13 · Office expenses

    total $7,409 · program services $280 · management and general $2,064 · fundraising $5,065

  • 14 · Information technology

    total $43,556 · program services $3,921 · management and general $23,456 · fundraising $16,179

  • 16 · Occupancy

    total $34,651 · program services $2,772 · management and general $20,444 · fundraising $11,435

  • 17 · Travel

    total $3,864 · fundraising $3,864

  • 19 · Conferences, conventions and meetings

    total $4,677 · management and general $2,339 · fundraising $2,338

  • 22 · Depreciation, depletion and amortization

    total $3,426 · program services $617 · management and general $1,370 · fundraising $1,439

  • 23 · Insurance

    total $8,641 · program services $11 · management and general $8,414 · fundraising $216

  • 24a · Other expenses: MISCELLANEOUS

    total $22,105 · program services $18,830 · management and general $3,275

  • 24b · Other expenses: WEBSITE

    total $8,388 · fundraising $8,388

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $7,494 · management and general $2,249 · fundraising $5,245

  • 24d · Other expenses: TELEPHONE

    total $5,788 · program services $463 · management and general $3,415 · fundraising $1,910

  • 24e · All other expenses

    total $3,823 · management and general $3,823

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $76,184 · end of year $103,746

  • 3 · Pledges and grants receivable

    beginning of year $40,000 · end of year $292,231

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,067 · end of year $3,931

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

    $111,670

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

    $103,188

  • 10c · Land, buildings and equipment, net

    beginning of year $9,411 · end of year $8,482

  • 11 · Investments: publicly traded securities

    beginning of year $71,098,996 · end of year $78,551,728

  • 15 · Other assets

    beginning of year $920,440 · end of year $669,164

  • 17 · Accounts payable and accrued expenses

    beginning of year $241,583 · end of year $318,856

  • 19 · Deferred revenue

    beginning of year $101,568 · end of year $0

  • 25 · Other liabilities

    beginning of year $6,723,397 · end of year $7,302,346

  • 27 · Net assets without donor restrictions

    beginning of year $3,406,886 · end of year $3,593,599

  • 28 · Net assets with donor restrictions

    beginning of year $61,698,664 · end of year $68,414,481

Mission and programs · 2023

Mission

"AS A TRUSTED STEWARD, WE PROVIDE FLEXIBLE GIVING OPTIONS THAT SIMPLIFY THE ACHIEVEMENT OF DONORS' CHARITABLE GOALS. THROUGH DEEP KNOWLEDGE, LEADERSHIP, COLLABORATION AND GRANTMAKING, WE PROVIDE EDUCATION, GUIDANCE AND RESOURCES TO STRENGTHEN AND IMPROVE OUR COMMUNITIES.

  • THE COMMUNITY FOUNDATION OF NORTH CENTRAL MASSACHUSETTS IS A NON-PROFIT FOUNDATION THAT MANAGES CHARITABLE FUNDS ESTABLISHED BY INDIVIDUALS, FAMILIES, BUSINESSES AND OTHER NON-PROFIT ORGANIZATIONS. OUR MISSION IS TO PROMOTE PHILANTROPHY IN OUR REGION AND TO SUPPORT PHILANTHROPISTS TO INVEST IN THE COMMUNITIES AND CAUSES THEY CARE PASSIONATELY ABOUT. DONORS ESTABLISHED 11 NEW CHARITABLE FUNDS THIS YEAR WITH US, SUCH AS SCHOLARSHIP, DESIGNATED, DONOR ADVISED, FISCAL SPONSORS AND AGENCY FUNDS. WE CONTINUED TO RISE TO THE OCCASION DURING THE ONGOING COVID CRISIS IN 2023. ALONG WITH 15 OTHER COMMUNITY FOUNDATIONS, WE PARTNERED WITH MASSACHUSETTS STATE FUNDING SOURCES AND PRIVATE FUNDERS TO DISTRIBUTE OVER $500,000 IN COVID GRANTS TO NORTH CENTRAL MASSACHUSETTS. THESE GRANTS FOCUSED ON THE SUPPORT AND NEEDS OF HOMELESS PEOPLE AND ADDRESSING FOOD INSECURITY IN OUR COMMUNITIES. WE CONTINUED TO DISTRIBUTE FROM OUR DISCRETIONARY FUNDS TO NONPROFITS IN NORTH CENTRAL MASSACHUSETTS AND BEYOND WHO'S MISSIONS ALIGNED WITH OUR INTEREST AREAS IN THE ENVIRONMENT, EDUCATION AND CAREER READINESS, COMMUNITY ENRICHMENT, ORGANIZATIONAL DEVELOPMENT, HEALTHCARE AND CRITICAL COMMUNITY NEEDS.

    Expenses $5,343,324 · Grants $5,226,458 · Revenue $13,004,311

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

Listed in Part VII

  • Steven Stone

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Miggie Velez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Ansin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William Aubuchon IV

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Attorney John Barrett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Leslie Garrison

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Jay Drake

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Achlabahl Madan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Attorney Henri Sans

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David McKeehan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Allen Rome

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas Bagley III

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Lucy Crocker Abisalih

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Janet Chambers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Georgana Cochran

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ben Urquhart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gary Shepherd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alice Von Loescke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephen J Adams

    PRESIDENT

    Total calculated
    $193,150
    From this org
    $177,684
    From related orgs
    $0
    Other
    $15,466
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $177,684
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,466
    Filer's total
    $193,150

  • Erin Thomason

    DIRECTOR OF PHILANTHROPY

    Total calculated
    $112,554
    From this org
    $107,194
    From related orgs
    $0
    Other
    $5,360
    Hours/week
    37.5

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

None.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443199349313184

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

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