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← BOSTON BRUINS CHARITABLE FOUNDATION INC

Form 990 for tax year 2023

Filed by BOSTON BRUINS CHARITABLE FOUNDATION INC.

Totals

Total revenue
$6,826,821
Total expenses
$4,370,364
Contributions and grants received
$3,692,966
Grants paid
$4,331,372
Program service revenue
$0
Investment income
$89,049
Other revenue
$3,044,806
Total assets, end of year
$6,141,313
Total liabilities, end of year
$1,362,306
Net assets or fund balances, end of year
$4,779,007
Program services expenses (Part IX)
$4,331,372
Management and general expenses
$38,992
Fundraising expenses
$0
Program service expenses (Part III)
$4,331,372

Program services were 99.1% 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

    $2,615,985

  • 1f · All other contributions, gifts and grants

    $1,076,981

  • 3 · Investment income

    total $89,049 · excluded $89,049

  • 8a · Fundraising events: gross income

    $2,571,804

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

    $2,615,985

  • 8b · Fundraising events: direct expenses

    $1,449,757

  • 8c · Net income from fundraising events

    total $1,122,047 · excluded $1,122,047

  • 9a · Gaming: gross income

    $3,295,090

  • 9b · Gaming: direct expenses

    $1,372,331

  • 9c · Net income from gaming

    total $1,922,759 · excluded $1,922,759

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,261,372 · program services $4,261,372

  • 2 · Grants to domestic individuals

    total $70,000 · program services $70,000

  • 11c · Fees: accounting

    total $16,039 · management and general $16,039

  • 13 · Office expenses

    total $15,638 · management and general $15,638

  • 24a · Other expenses: BANK CHARGES

    total $4,831 · management and general $4,831

  • 24b · Other expenses: OTHER COSTS

    total $2,484 · management and general $2,484

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,822,934 · end of year $3,657,684

  • 2 · Savings and temporary cash investments

    beginning of year $1,518,501 · end of year $2,210,285

  • 4 · Accounts receivable

    beginning of year $257,616 · end of year $216,544

  • 9 · Prepaid expenses and deferred charges

    beginning of year $150,568 · end of year $56,064

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

    $53,822

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

    $53,086

  • 10c · Land, buildings and equipment, net

    beginning of year $1,125 · end of year $736

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,257 · end of year $70,827

  • 18 · Grants payable

    beginning of year $523,047 · end of year $1,028,592

  • 19 · Deferred revenue

    beginning of year $251,093 · end of year $184,726

  • 25 · Other liabilities

    beginning of year $608,582 · end of year $78,161

  • 27 · Net assets without donor restrictions

    beginning of year $2,319,765 · end of year $4,779,007

Mission and programs · 2023

Mission

TO ASSIST CHARITABLE ORGANIZATIONS THAT DEMONSTRATE A COMMITMENT TO ENHANCING THE QUALITY OF LIFE FOR CHILDREN AND THEIR FAMILIES THROUGHOUT NEW ENGLAND. THE FOUNDATION FOCUSES ON ORGANIZATIONS THAT ARE CONCENTRATED ON ACADEMICS, ATHLETICS, COMMUNITY OUTREACH, AND HEALTH AND WELLNESS AND BELIEVES THAT THESE PILLARS WILL CREATE A STRONG SUPPORT SYSTEM THAT WILL ULTIMATELY LEAD TO THE BETTERMENT OF OUR COMMUNITY.

Activities or mission (Part I)

TO ASSIST CHARITABLE ORGANIZATIONS THAT DEMONSTRATE A STRONG COMMITMENT TO ENHANCING THE QUALITY OF LIFE FOR CHILDREN IN OUR COMMUNITY.

  • THE BOSTON BRUINS FOUNDATION (BBF) IS A 501(C)(3) NON-PROFIT FOUNDATION WHOSE MISSION IS TO ASSIST CHARITABLE ORGANIZATIONS THAT DEMONSTRATE A STRONG COMMITMENT TO ENHANCING THE QUALITY OF LIFE FOR CHILDREN ACROSS NEW ENGLAND. THE FOUNDATION HAS RAISED OVER $65 MILLION AND CONTINUES TO PROVIDE GRANTS TO ORGANIZATIONS THAT MEET THE STANDARDS OF ITS MISSION WHICH CONCENTRATES ON ATHLETICS, ACADEMICS, HEALTH, AND COMMUNITY OUTREACH PROGRAMS THAT ASSIST IN HELPING ENRICH THE LIVES OF CHILDREN THROUGHOUT THE NEW ENGLAND AREA.

    Expenses $4,331,372 · Grants $4,331,372

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

Listed in Part VII

  • ROBERT SWEENEY

    PRESIDENT

    Total calculated
    $310,733
    From this org
    $0
    From related orgs
    $282,677
    Other
    $28,056
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $196,437 related
    Bonus
    $0 + $86,240 related
    Other
    $0
    Deferred
    $0 + $9,452 related
    Nontaxable benefits
    $0 + $18,604 related
    Filer's total
    $0 + $310,733 related

  • CHARLES JACOBS

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    1

  • JANICE TRYBUS

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • KERRY COLLINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SEAN SULLIVAN

    TREASURER

    Total calculated
    $0
    Hours/week
    2

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

The filer's explanations (Part III)

PART I, LINE 3
ROBERT SWEENEY, THE PRESIDENT OF THE ORGANIZATION, IS COMPENSATED BY BOSTON PROFESSIONAL HOCKEY ASSOCIATION, INC., A RELATED PARTY OF BOSTON BRUINS CHARITABLE FOUNDATION, INC. HIS COMPENSATION IS DETERMINED AND APPROVED BY THE BOSTON PROFESSIONAL HOCKEY ASSOCIATION, INC.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511359349305381

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