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Nonprofiteer
← COREY C GRIFFIN CHARITABLE FOUNDATION

Form 990 for tax year 2023

Filed by COREY C GRIFFIN CHARITABLE FOUNDATION.

Totals

Total revenue
$4,064,209
Total expenses
$1,869,012
Contributions and grants received
$3,955,408
Grants paid
$1,008,409
Program service revenue
$0
Investment income
$494,666
Other revenue
-$385,865
Total assets, end of year
$18,732,683
Total liabilities, end of year
$923,328
Net assets or fund balances, end of year
$17,809,355
Program services expenses (Part IX)
$1,237,159
Management and general expenses
$357,476
Fundraising expenses
$274,377
Program service expenses (Part III)
$1,237,159

Program services were 66.2% 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.

  • 1c · Fundraising events

    $3,530,172

  • 1f · All other contributions, gifts and grants

    $425,236

  • 3 · Investment income

    total $381,457 · excluded $381,457

  • 7a · Gross sales of assets other than inventory

    securities $4,164,746

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

    securities $4,051,537

  • 7c · Gain or loss

    securities $113,209

  • 7d · Net gain or loss

    total $113,209 · excluded $113,209

  • 8a · Fundraising events: gross income

    $402,176

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

    $3,530,172

  • 8b · Fundraising events: direct expenses

    $807,898

  • 8c · Net income from fundraising events

    total -$405,722 · excluded -$405,722

  • 10a · Gross sales of inventory

    $19,857

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $19,857 · excluded $19,857

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $786,000 · program services $786,000

  • 2 · Grants to domestic individuals

    total $222,409 · program services $222,409

  • 5 · Compensation of officers, directors and key employees

    total $181,153 · program services $36,230 · management and general $54,346 · fundraising $90,577

  • 9 · Other employee benefits

    total $4,837 · program services $968 · management and general $1,451 · fundraising $2,418

  • 10 · Payroll taxes

    total $12,884 · program services $2,577 · management and general $3,865 · fundraising $6,442

  • 11b · Fees: legal

    total $17,775 · management and general $17,775

  • 11c · Fees: accounting

    total $28,021 · management and general $28,021

  • 11f · Fees: investment management

    total $47,412 · management and general $47,412

  • 11g · Fees: other

    total $383,375 · program services $128,295 · management and general $140,757 · fundraising $114,323

  • 12 · Advertising and promotion

    total $40,194 · program services $20,510 · management and general $315 · fundraising $19,369

  • 13 · Office expenses

    total $6,037 · program services $1,207 · management and general $1,811 · fundraising $3,019

  • 14 · Information technology

    total $9,181 · program services $4,775 · management and general $3,820 · fundraising $586

  • 16 · Occupancy

    total $21,858 · program services $4,372 · management and general $6,557 · fundraising $10,929

  • 17 · Travel

    total $21,502 · program services $4,825 · management and general $15,687 · fundraising $990

  • 23 · Insurance

    total $4,147 · management and general $4,147

  • 24a · Other expenses: DUES, FEES AND LICENSES

    total $33,405 · program services $1,784 · management and general $29,391 · fundraising $2,230

  • 24b · Other expenses: EVENTS - INDIRECT COSTS

    total $22,291 · fundraising $22,291

  • 24c · Other expenses: POSTAGE AND PRINTING

    total $18,856 · program services $15,979 · management and general $1,674 · fundraising $1,203

  • 24d · Other expenses: AUDIO AND VIDEO PRODUCT

    total $7,640 · program services $7,193 · management and general $447

  • 24e · All other expenses

    total $35 · program services $35

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,294,474 · end of year $2,900,443

  • 2 · Savings and temporary cash investments

    beginning of year $1,059,101 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $152,445 · end of year $1,031,667

  • 9 · Prepaid expenses and deferred charges

    beginning of year $151,392 · end of year $230,752

  • 11 · Investments: publicly traded securities

    beginning of year $6,711,004 · end of year $11,427,612

  • 12 · Investments: other securities

    beginning of year $3,797,421 · end of year $3,142,209

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,192 · end of year $181,588

  • 19 · Deferred revenue

    beginning of year $142,517 · end of year $741,740

  • 27 · Net assets without donor restrictions

    beginning of year $13,308,075 · end of year $15,924,961

  • 28 · Net assets with donor restrictions

    beginning of year $1,683,053 · end of year $1,884,394

Mission and programs · 2023

Mission

FOLLOWING COREY'S TRAGIC PASSING ON AUGUST 16TH, 2014, THE GRIFFIN FAMILY AND CLOSE FRIENDS FOUNDED THE COREY C. GRIFFIN CHARITABLE FOUNDATION.GIVEN HIS INCREDIBLE PASSION FOR LIFE AND UNCOMMON DEDICATION TO PHILANTHROPY, IT WAS NOT DIFFICULT TO MAP OUT THE GUIDING PRINCIPLE OF THE FOUNDATION: IMPROVING THE LIVES OF PRIMARILY BOSTON-AREA CHILDREN THROUGH STRATEGIC PARTNERSHIPS WITH THE CITY'S LEADING EDUCATIONAL AND HEALTHCARE INSTITUTIONS, WITH AN EMPHASIS ON FAITH-BASED INITIATIVES. WE BELIEVE THAT EVERY CHILD SHOULD HAVE THE OPPORTUNITY TO SUCCEED, IRRESPECTIVE OF THEIR FINANCIAL OR HEALTH CIRCUMSTANCES.

Activities or mission (Part I)

THE COREY C. GRIFFIN FOUNDATION PARTNERS WITH LEADING NONPROFIT ORGANIZATIONS TO CHANGE THE TRAJECTORY OF THE LIVES OF KIDS IN NEED.

  • "COREY'S KIDS" IS THE TERM USED FOR THE KIDS OF COREY'S THAT HIS PARENTS WILL NEVER HAVE THE OPPORTUNITY TO MEET. COREY'S KIDS INCLUDES THOSE THAT BENEFIT FROM COREY'S KIDS CHRISTMAS, THROUGH BOSTON CHILDREN'S HOSPITAL INITIATIVES, AND THOSE THAT BENEFIT FROM THE VARIOUS OTHER GRANTS. "COREY'S KIDS" REFER TO ANYONE BENEFITTING FROM THE ASSISTANCE. THE ORGANIZATION MAKES GRANTS TO 8 STRATEGIC PARTNERS WITH A FOCUS ON EDUCATION, LEADERSHIP, CHARACTER DEVELOPMENT, PHYSICAL AND MENTAL HEALTH. THE EIGHT PARTNERS THE ORGANIZATION GRANTS TO ARE RON BURTON TRAINING VILLAGE, BOSTON CHILDRENS HOSPITAL, FRANCISCAN CHILDREN'S HOSPITAL, LAWRENCE CATHOLIC ACADEMY, CAMPAIGN FOR CATHOLIC SCHOOLS, MY BROTHER'S KEEPER, BOSTON PAL, AND THE ACHIEVE PROGRAM AT NOBLES. FOR 2023, THE GRANTS TO THESE ORGANIZATIONS TOTALED $786,000.IN ADDITION, THE ORGANIZATION PURCHASED CHROMEBOOKS, JBL HEADPHONES AND WINTER JACKETS FOR APPROXIMATELY 2000 KIDS IN NEED.THE OVERALL IMPACT OF COREY'S KIDS IS APPROXIMATELY 10,000 KIDS ANNUALLY.

    Expenses $1,237,159 · Grants $1,008,409

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

Listed in Part VII

  • Corey A Griffin

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joseph Zink

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Robert E Griffin Jr

    EX OFFICIO DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cathleen A Griffin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael P Griffin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Casey Giudicelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Schwartz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Greeley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Aiello

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bryan Giudicelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Greeley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jay Calnan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alex Bain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adam Reasoner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Alibrandi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ellen Crowley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Zachary Crump

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sophie Griffin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Slater

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Courtney Griffin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Sabo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chandra Clark

    EXECUTIVE DIRECTOR

    Total calculated
    $180,000
    From this org
    $174,075
    From related orgs
    $0
    Other
    $5,925
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,075
    Bonus
    $0
    Other
    $0
    Deferred
    $5,925
    Nontaxable benefits
    $0
    Filer's total
    $180,000

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION USED COMPARATIVE ANALYSIS TO OTHER ORGANIZATIONS IN THE GEOGRAPHICAL REGION, AND AMY KINGMAN (CONSULTANT) WAS USED FOR COMPENSATION PLANNING.

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

Provenance

Return type
form_990
Tax year
2023
Filed
8 October 2024
IRS schema version
2023v5.1
Source object
202412829349300541

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