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Nonprofiteer
← MASSACHUSETTS BUDGET AND POLICY CENTER INC

Form 990 for tax year 2024

Filed by MASSACHUSETTS BUDGET AND POLICY CENTER INC.

Totals

Total revenue
$3,604,720
Total expenses
$3,100,310
Contributions and grants received
$3,432,879
Grants paid
$794,325
Program service revenue
$120,725
Investment income
$54,861
Other revenue
-$3,745
Total assets, end of year
$3,820,592
Total liabilities, end of year
$310,283
Net assets or fund balances, end of year
$3,510,309
Program services expenses (Part IX)
$2,596,284
Management and general expenses
$234,730
Fundraising expenses
$269,296
Program service expenses (Part III)
$2,596,284

Program services were 83.7% 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

    $14,000

  • 1f · All other contributions, gifts and grants

    $3,418,879

  • 2a · Program service revenue: Research projects

    total $100,250 · related or exempt $100,250

  • 2b · Program service revenue: Program services

    total $20,475 · related or exempt $20,475

  • 3 · Investment income

    total $54,861 · excluded $54,861

  • 8a · Fundraising events: gross income

    $8,025

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

    $14,000

  • 8b · Fundraising events: direct expenses

    $11,770

  • 8c · Net income from fundraising events

    total -$3,745 · excluded -$3,745

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $794,325 · program services $794,325

  • 5 · Compensation of officers, directors and key employees

    total $266,084 · program services $200,377 · management and general $27,756 · fundraising $37,951

  • 7 · Other salaries and wages

    total $1,113,583 · program services $818,691 · management and general $131,348 · fundraising $163,544

  • 8 · Pension plan contributions

    total $54,863 · program services $40,759 · management and general $6,346 · fundraising $7,758

  • 9 · Other employee benefits

    total $201,095 · program services $180,322 · management and general -$1,161 · fundraising $21,934

  • 10 · Payroll taxes

    total $115,164 · program services $85,983 · management and general $12,687 · fundraising $16,494

  • 11b · Fees: legal

    total $12,323 · program services $12,323

  • 11c · Fees: accounting

    total $46,674 · management and general $46,674

  • 11g · Fees: other

    total $169,607 · program services $156,107 · fundraising $13,500

  • 13 · Office expenses

    total $20,301 · program services $18,440 · management and general $329 · fundraising $1,532

  • 16 · Occupancy

    total $128,121 · program services $128,121

  • 17 · Travel

    total $16,054 · program services $11,255 · management and general $2,474 · fundraising $2,325

  • 19 · Conferences, conventions and meetings

    total $15,650 · program services $13,917 · management and general $1,392 · fundraising $341

  • 22 · Depreciation, depletion and amortization

    total $2,923 · program services $2,923

  • 23 · Insurance

    total $5,110 · program services $3,045 · management and general $2,065

  • 24a · Other expenses: Education & Training

    total $60,472 · program services $59,754 · management and general $559 · fundraising $159

  • 24b · Other expenses: Telephone & Communicati

    total $38,027 · program services $34,932 · fundraising $3,095

  • 24c · Other expenses: Fees

    total $31,384 · program services $26,625 · management and general $4,096 · fundraising $663

  • 24d · Other expenses: Equipment costs

    total $7,585 · program services $7,585

  • 24e · All other expenses

    total $965 · program services $800 · management and general $165

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,241,657 · end of year $1,069,086

  • 3 · Pledges and grants receivable

    beginning of year $1,123,250 · end of year $1,843,637

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,162 · end of year $58,856

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

    $64,243

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

    $59,461

  • 10c · Land, buildings and equipment, net

    beginning of year $7,705 · end of year $4,782

  • 15 · Other assets

    beginning of year $967,238 · end of year $844,231

  • 17 · Accounts payable and accrued expenses

    beginning of year $98,989 · end of year $140,416

  • 19 · Deferred revenue

    end of year $13,750

  • 25 · Other liabilities

    beginning of year $279,124 · end of year $156,117

  • 27 · Net assets without donor restrictions

    beginning of year $736,935 · end of year $739,178

  • 28 · Net assets with donor restrictions

    beginning of year $2,268,964 · end of year $2,771,131

Mission and programs · 2024

Mission

MassBudget is a leading think tank advancing equitable policy solutions that create an inclusive, thriving Commonwealth.

  • To provide independent research and analysis of the state budget and tax policies and economic issues that affect low- and moderate-income people in Massachusetts.

    Expenses $2,596,284 · Grants $794,325 · Revenue $128,750

As filed on the 2024 return.

Listed in Part VII

  • Glenn Parker

    Director & Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Alexandra Pineros-Shields

    Director & Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Carol Kamin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jacqueline Johnson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dolores Thibault-Munoz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Peter Enrich

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Dukakis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Myron Miller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marlishia Aho

    Director & Clerk/Vice Chai

    Total calculated
    $0
    Hours/week
    1

  • Eric Nakajima

    Director

    Total calculated
    $0
    Hours/week
    1

  • Viviana Abreu-Hernandez

    President starting 8/1/24

    Total calculated
    $85,762
    From this org
    $73,893
    From related orgs
    $0
    Other
    $11,869
    Hours/week
    35

  • Phineas Baxandall

    President through 7/31/24

    Total calculated
    $180,324
    From this org
    $152,083
    From related orgs
    $0
    Other
    $28,241
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $152,083
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,241
    Filer's total
    $180,324

  • Jennifer Das

    Communications Director

    Total calculated
    $153,430
    From this org
    $117,440
    From related orgs
    $0
    Other
    $35,990
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $117,440
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $35,990
    Filer's total
    $153,430

  • Gregg Grenier

    VP of Operations

    Total calculated
    $120,814
    From this org
    $114,393
    From related orgs
    $0
    Other
    $6,421
    Hours/week
    35

  • Colin Jones

    Dep Policy Director

    Total calculated
    $152,285
    From this org
    $118,000
    From related orgs
    $0
    Other
    $34,285
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $118,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $34,285
    Filer's total
    $152,285

  • Chelsea Sedani

    Director of Advocacy

    Total calculated
    $134,113
    From this org
    $100,693
    From related orgs
    $0
    Other
    $33,420
    Hours/week
    35

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 · 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.

Provenance

Return type
form_990
Tax year
2024
Filed
20 June 2025
IRS schema version
2024v5.1
Source object
202511769349300706

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