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Nonprofiteer
← ESSEX COUNTY COMMUNITY FDN INC

Form 990 for tax year 2023

Filed by ESSEX COUNTY COMMUNITY FDN INC.

Totals

Total revenue
$17,567,331
Total expenses
$20,111,539
Contributions and grants received
$11,962,146
Grants paid
$16,301,346
Program service revenue
$0
Investment income
$5,593,188
Other revenue
$11,997
Total assets, end of year
$134,350,244
Total liabilities, end of year
$26,189,121
Net assets or fund balances, end of year
$108,161,123
Program services expenses (Part IX)
$18,074,671
Management and general expenses
$1,274,109
Fundraising expenses
$762,759
Program service expenses (Part III)
$18,074,671

Program services were 89.9% 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.

  • 1c · Fundraising events

    $577,600

  • 1e · Government grants (contributions)

    $149,958

  • 1f · All other contributions, gifts and grants

    $11,234,588

  • 1g · Noncash contributions included above

    $2,634,886

  • 3 · Investment income

    total $3,553,151 · excluded $3,553,151

  • 7a · Gross sales of assets other than inventory

    securities $30,890,803

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

    securities $28,850,766

  • 7c · Gain or loss

    securities $2,040,037

  • 7d · Net gain or loss

    total $2,040,037 · excluded $2,040,037

  • 8a · Fundraising events: gross income

    $584,687

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

    $577,600

  • 8b · Fundraising events: direct expenses

    $572,690

  • 8c · Net income from fundraising events

    total $11,997 · excluded $11,997

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,577,356 · program services $15,577,356

  • 2 · Grants to domestic individuals

    total $688,990 · program services $688,990

  • 3 · Grants to foreign organizations and individuals

    total $35,000 · program services $35,000

  • 5 · Compensation of officers, directors and key employees

    total $426,417 · program services $199,817 · management and general $226,600

  • 7 · Other salaries and wages

    total $1,399,132 · program services $342,152 · management and general $607,339 · fundraising $449,641

  • 8 · Pension plan contributions

    total $38,828 · program services $9,408 · management and general $16,737 · fundraising $12,683

  • 9 · Other employee benefits

    total $108,283 · program services $20,694 · management and general $56,748 · fundraising $30,841

  • 10 · Payroll taxes

    total $138,807 · program services $40,254 · management and general $63,851 · fundraising $34,702

  • 11b · Fees: legal

    total $1,730 · management and general $1,730

  • 11c · Fees: accounting

    total $41,640 · management and general $41,640

  • 11f · Fees: investment management

    total $10,682 · management and general $10,682

  • 11g · Fees: other

    total $743,597 · program services $740,783 · management and general $1,823 · fundraising $991

  • 12 · Advertising and promotion

    total $107,688 · fundraising $107,688

  • 13 · Office expenses

    total $194,639 · program services $56,445 · management and general $89,534 · fundraising $48,660

  • 14 · Information technology

    total $117,607 · program services $34,106 · management and general $54,099 · fundraising $29,402

  • 16 · Occupancy

    total $141,263 · program services $42,045 · management and general $66,692 · fundraising $32,526

  • 17 · Travel

    total $43,855 · program services $12,718 · management and general $20,173 · fundraising $10,964

  • 19 · Conferences, conventions and meetings

    total $187,268 · program services $187,268

  • 22 · Depreciation, depletion and amortization

    total $6,912 · program services $2,004 · management and general $3,180 · fundraising $1,728

  • 23 · Insurance

    total $11,730 · program services $3,402 · management and general $5,395 · fundraising $2,933

  • 24a · Other expenses: STUDENT INCENTIVES

    total $69,972 · program services $69,972

  • 24b · Other expenses: PROJECT SUPPORT

    total $12,257 · program services $12,257

  • 24c · Other expenses: TRAINING

    total $7,886 · management and general $7,886

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $683,632 · end of year $2,191,097

  • 4 · Accounts receivable

    beginning of year $1,318,098 · end of year $118,266

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,748 · end of year $70,045

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

    $105,588

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

    $17,656

  • 10c · Land, buildings and equipment, net

    beginning of year $11,203 · end of year $87,932

  • 11 · Investments: publicly traded securities

    beginning of year $124,511,876 · end of year $130,972,886

  • 15 · Other assets

    beginning of year $76,575 · end of year $910,018

  • 17 · Accounts payable and accrued expenses

    beginning of year $223,451 · end of year $538,999

  • 18 · Grants payable

    beginning of year $2,967,761 · end of year $1,926,965

  • 25 · Other liabilities

    beginning of year $19,592,230 · end of year $23,723,157

  • 27 · Net assets without donor restrictions

    beginning of year $96,590,180 · end of year $100,258,578

  • 28 · Net assets with donor restrictions

    beginning of year $7,275,510 · end of year $7,902,545

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • TO RAISE AND DISTRIBUTE FUNDS FROM THE COMMUNITY FOR THE BENEFIT OF CHARITABLE ORGANIZATIONS PRIMARILY IN ESSEX COUNTY, MASSACHUSETTS.

    Expenses $18,074,671 · Grants $16,301,346

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

Listed in Part VII

  • Richard Sumberg

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    2

  • Bob Gore

    CHAIR OF GOVERNANCE

    Total calculated
    $0
    Hours/week
    1

  • Allan Huntley

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bob Goldman

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Moira James

    CHAIR OF DEVELOPMENT

    Total calculated
    $0
    Hours/week
    1

  • Jim Rullo

    CHAIR OF INVESTMENT

    Total calculated
    $0
    Hours/week
    1

  • Richy Agjian

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ben Langille

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Colucci

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christine Ortiz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pam Scott

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ana Colmenero

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Amy Kingman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jon Payson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Patricia Faeho

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dean Marsh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lane Glenn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • M Elizabeth Francis

    PRESIDENT AND CEO (UNTIL 6/24)

    Total calculated
    $226,600
    From this org
    $220,000
    From related orgs
    $0
    Other
    $6,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,000
    Bonus
    $0
    Other
    $0
    Deferred
    $6,600
    Nontaxable benefits
    $0
    Filer's total
    $226,600

  • Stratton C Lloyd

    COO AND EVP

    Total calculated
    $182,225
    From this org
    $161,986
    From related orgs
    $0
    Other
    $20,239
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,986
    Bonus
    $0
    Other
    $0
    Deferred
    $5,227
    Nontaxable benefits
    $15,012
    Filer's total
    $182,225

  • Stacey Landry

    VP ADVANCEMENT AND PHILANTHROPIC SERVICES

    Total calculated
    $145,980
    From this org
    $126,646
    From related orgs
    $0
    Other
    $19,334
    Hours/week
    40

  • J Britton Hutchins

    CFO

    Total calculated
    $128,868
    From this org
    $110,102
    From related orgs
    $0
    Other
    $18,766
    Hours/week
    32

  • Carol Schuster

    VP GRANTS AND NONPROFIT SERVICES

    Total calculated
    $136,651
    From this org
    $119,370
    From related orgs
    $0
    Other
    $17,281
    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 · 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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ECCF REAL ESTATE LLC

    REAL ESTATE · MA · income $0 · assets $0

    Directly controlled by ESSEX COUNTY COMMUNITY FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
17 April 2025
IRS schema version
2023v6.0
Source object
202521219349300867

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