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Nonprofiteer
← THE RED SOX FOUNDATION INC

Form 990 for tax year 2023

Filed by THE RED SOX FOUNDATION INC.

Totals

Total revenue
$10,674,742
Total expenses
$9,458,980
Contributions and grants received
$11,943,647
Grants paid
$7,011,543
Program service revenue
$0
Investment income
$448,890
Other revenue
-$1,717,795
Total assets, end of year
$23,721,955
Total liabilities, end of year
$4,304,516
Net assets or fund balances, end of year
$19,417,439
Program services expenses (Part IX)
$8,378,642
Management and general expenses
$490,303
Fundraising expenses
$590,035
Program service expenses (Part III)
$8,378,642

Program services were 88.6% 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

    $6,269,369

  • 1e · Government grants (contributions)

    $244,781

  • 1f · All other contributions, gifts and grants

    $5,429,497

  • 1g · Noncash contributions included above

    $2,308,117

  • 3 · Investment income

    total $448,890 · excluded $448,890

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $511,085

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

    $6,269,369

  • 8b · Fundraising events: direct expenses

    $2,982,174

  • 8c · Net income from fundraising events

    total -$2,471,089 · excluded -$2,471,089

  • 9a · Gaming: gross income

    $1,693,098

  • 9b · Gaming: direct expenses

    $939,804

  • 9c · Net income from gaming

    total $753,294 · unrelated business $83,808 · excluded $669,486

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,732,371 · program services $6,732,371

  • 2 · Grants to domestic individuals

    total $279,172 · program services $279,172

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $591,252 · program services $179,605 · management and general $213,572 · fundraising $198,075

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $467,832 · program services $287,154 · management and general $10,218 · fundraising $170,460

  • 8 · Pension plan contributions

    total $39,165 · program services $14,111 · fundraising $25,054

  • 9 · Other employee benefits

    total $194,292 · program services $112,860 · management and general $1,650 · fundraising $79,782

  • 10 · Payroll taxes

    total $62,097 · program services $38,231 · management and general $880 · fundraising $22,986

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $1,757 · management and general $458 · fundraising $1,299

  • 11c · Fees: accounting

    total $6,001 · management and general $6,001

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $26,320 · program services $49 · fundraising $26,271

  • 13 · Office expenses

    total $40,352 · program services $13,333 · management and general $20,527 · fundraising $6,492

  • 14 · Information technology

    total $56,676 · management and general $56,676

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $109,170 · program services $89,926 · management and general $6,470 · fundraising $12,774

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $5,566 · management and general $5,566

  • 23 · Insurance

    total $0

  • 24a · Other expenses: RSF CHARITABLE PROGRAMS

    total $535,192 · program services $535,192

  • 24b · Other expenses: MEALS

    total $124,388 · program services $96,638 · management and general $25,422 · fundraising $2,328

  • 24c · Other expenses: CREDIT CARD FEES

    total $27,382 · management and general $27,379 · fundraising $3

  • 24d · Other expenses: CONSULTANT FEES

    total $82,500 · management and general $82,500

  • 24e · All other expenses

    total $77,495 · management and general $32,984 · fundraising $44,511

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $3,051,420 · end of year $5,499,682

  • 3 · Pledges and grants receivable

    beginning of year $543,364 · end of year $565,236

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $83,761 · end of year $82,327

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

    $132,106

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

    $98,709

  • 10c · Land, buildings and equipment, net

    beginning of year $38,963 · end of year $33,397

  • 11 · Investments: publicly traded securities

    beginning of year $14,214,099 · end of year $17,541,313

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $721,053 · end of year $723,117

  • 18 · Grants payable

    beginning of year $1,838,225 · end of year $2,150,978

  • 19 · Deferred revenue

    beginning of year $432,128 · end of year $1,430,421

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $12,886,931 · end of year $17,016,333

  • 28 · Net assets with donor restrictions

    beginning of year $2,053,270 · end of year $2,401,106

Mission and programs · 2023

Mission

THE RED SOX FOUNDATION'S MISSION IS TO HARNESS THE PASSION OF RED SOX NATION TO MAKE A DIFFERENCE IN THE LIVES OF CHILDREN, VETERANS, FAMILIES AND OUR COMMUNITIES IN NEED THROUGHOUT NEW ENGLAND BY IMPROVING THEIR HEALTH, EDUCATIONAL AND RECREATIONAL OPPORTUNITIES.

Activities or mission (Part I)

THE RED SOX FOUNDATION'S MISSION IS TO HARNESS THE PASSION OF RED SOX NATION TO MAKE A DIFFERENCE IN THE LIVES OF CHILDREN, VETERANS, FAMILIES AND (CONTINUED ON SCHEDULE O)

  • RED SOX FOUNDATION AND MGH HOME BASE PROGRAM - THE RED SOX FOUNDATION AND MGH HOME BASE PROGRAM SERVE VETERANS RETURNING FROM IRAQ AND AFGHANISTAN WITH TRAUMATIC BRAIN INJURY OR COMBAT STRESS AND FAMILIES. THIS PROGRAM PROVIDES CONFIDENTIAL CLINICAL CARE FOR VETERANS, INNOVATIVE TREATMENTS, SUPPORT SERVICES AND COUNSELING FOR WOUNDED VETERANS AND FAMILIES, COMMUNITY OUTREACH AND EDUCATION TO HELP OTHERS RECOGNIZE THESE INJURIES AND CUTTING EDGE RESEARCH. IN ADDITION TO GRANTS TOTALLING OVER $29 MILLION FOR THE PROGRAM, THE RED SOX FOUNDATION ALSO HAS MADE SUBSTANTIAL INVESTMENTS IN STAFF TIME AND IN KIND RESOURCES TO SUPPORT THIS PROGRAM AND HELP PROMOTE IT TO MILITARY AND VETERANS WHO NEED CONFIDENTIALITY AND, IF UNINSURED, FREE CARE FOR TBI AND PTSD. THE RED SOX FOUNDATION WORKS WITH MEDICAL EXPERTS AT MASS GENERAL HOSPITAL WHO PROVIDE DIRECT CARE SERVICES. RED SOX FOUNDATION STAFF ALSO WORK WITH MILITARY AND VETERAN GROUPS AND THEIR FAMILIES TO BREAK THROUGH THE STIGMA THAT OFTEN PREVENTS VETERANS FROM SEEKING THE HELP THEY NEED.

    Expenses $3,526,119 · Grants $2,656,783

  • RED SOX SCHOLARS - THE RED SOX SCHOLAR PROGRAM PROVIDES MENTORING, ENRICHMENT OPPORTUNITIES, AND COLLEGE SCHOLARSHIPS TO MORE THAN 300 ACADEMICALLY TALENTED LOW-INCOME STUDENTS SELECTED IN BOSTON'S PUBLIC SCHOOLS WHEN THEY ARE IN 7TH GRADE. THE SCHOLARS WORK WITH THE RED SOX FOUNDATION STAFF THROUGH HIGH SCHOOL. THE GOAL IS TO ENSURE THESE AT-RISK STUDENTS ESCAPE THE INNER CITY'S HIGH SCHOOL DROPOUT RATE AND INSTEAD GRADUATE FROM HIGH SCHOOL AND ARE PREPARED TO ATTEND COLLEGE. THE PROGRAM PROVIDES EACH STUDENT THE PROMISE OF A SCHOLARSHIP RANGING IN VALUE FROM $5,000 TO $10,000 PENDING ENROLLMENT IN AN ACCREDITED COLLEGE AND CITIZENSHIP. THE SCHOLARSHIPS ARE PAID DIRECTLY TO THE COLLEGE OF CHOICE, AND NOT TO THE STUDENTS OR FAMILY MEMBERS. THE RED SOX SCHOLARS ALSO PARTICIPATE IN SPECIAL ACTIVITIES AT FENWAY PARK INCLUDING ATTENDING RED SOX GAMES, COMMUNITY SERVICE, EVENTS WITH PLAYERS AND THEIR WIVES, SKILLS BUILDING, JOB FAIRS (FOR HIGH SCHOOL STUDENTS) AND COLLEGE PREP CLASSES. IN 2010, THE RED SOX SCHOLARS' PROGRAM WAS NATIONALLY RECOGNIZED WHEN THE TEAM WON THE FIRST-EVER COMMISSIONER'S AWARD FOR PHILANTHROPIC EXCELLENCE SPECIFICALLY FOR THE RED SOX SCHOLARS' PROGRAM. THE NEW ENGLAND RED SOX SERVICE SCHOLARSHIPS AWARD COLLEGE SCHOLARSHIPS TO PUBLIC HIGH SCHOOL SENIORS ACROSS NEW ENGLAND WHO DEMONSTRATE ACADEMIC EXCELLENCE AND A COMMITMENT TO COMMUNITY EXCELLENCE AND A COMMITMENT TO COMMUNITY SERVICE. THE FLORIDA RED SOX SERVICE SCHOLARSHIPS AWARD COLLEGE SCHOLARSHIPS TO PUBLIC HIGH SCHOOL SENIORS ACROSS SOUTHWEST FLORIDA WHO DEMONSTRATE ACADEMIC EXCELLENCE AND A COMMITMENT TO COMMUNITY EXCELLENCE AND A COMMITMENT TO COMMUNITY SERVICE.

    Expenses $441,568 · Grants $441,568

  • FENWAY PARK LEARNING LAB- THE RED SOX FOUNDATION'S FENWAY PARK LEARNING LAB PROVIDES AN INTERACTIVE, ZERO-COST FIELD TRIP FOR BOSTON PUBLIC SCHOOL'S 6TH GRADES AT FENWAY PARK. THE FIELD TRIP INCLUDES TRANSPORTATION TO AND FROM THE SCHOOL AND FENWAY PARK, AN INFORMATIONAL TOUR THAT INTEGRATES WITH THEIR CURRICULUM, A BACKPACK FULL OF SCHOOL SUPPLIES AND INSTRUCTIONAL MATERIALS, AND LUNCH. THE PROGRAM BRINGS OVER 2000 BPS 6TH GRADERS INTO THE PARK EACH SCHOOL YEAR AND PROVIDES A UNIQUE OPPORTUNITY TO USE FENWAY PARK AS A LEARNING TOOL. THE 90 MINUTE TOUR PROVIDES RICH OPPORTUNITIES TO LEARN STATISTICS, HISTORY, SCIENCE, FINANCIAL LITERACY, AND MORE. THE PROGRAM BEGAN IN 2022 AND IS CURRENTLY IN ITS THIRD YEAR. THE PROGRAM RUNS FROM SEPTEMBER TO JUNE THROUGHOUT THE BOSTON PUBLIC SCHOOL YEAR AND CONDUCTS TOURS APPROXIMATELY ONCE PER WEEK.

    Expenses $411,238 · Grants $411,238

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

Listed in Part VII

  • Timothy Zue

    TREASURER

    Total calculated
    $928,645
    From this org
    $0
    From related orgs
    $865,000
    Other
    $63,645
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $775,000 related
    Bonus
    $0 + $90,000 related
    Other
    $0
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $37,245 related
    Filer's total
    $0 + $928,645 related

  • David Friedman

    secretary/clerk

    Total calculated
    $720,454
    From this org
    $182,617
    From related orgs
    $478,008
    Other
    $59,829
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $153,867 + $366,758 related
    Bonus
    $28,750 + $111,250 related
    Other
    $0
    Deferred
    $5,280 + $21,120 related
    Nontaxable benefits
    $4,232 + $29,197 related
    Filer's total
    $192,129 + $528,325 related

  • Rebekah Salwasser

    EXECUTIVE DIRECTOR

    Total calculated
    $651,483
    From this org
    $370,585
    From related orgs
    $229,095
    Other
    $51,803
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

    Base
    $287,843 + $171,837 related
    Bonus
    $82,742 + $57,258 related
    Other
    $0
    Deferred
    $15,840 + $10,560 related
    Nontaxable benefits
    $12,697 + $12,706 related
    Filer's total
    $399,122 + $252,361 related

  • Tyler M Petropulos

    director of devt. & comms.

    Total calculated
    $209,325
    From this org
    $174,111
    From related orgs
    $0
    Other
    $35,214
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,761
    Bonus
    $30,350
    Other
    $0
    Deferred
    $11,468
    Nontaxable benefits
    $23,746
    Filer's total
    $209,325

  • Lidia Zayas

    ASST DIRECTOR OF PROGRAMS

    Total calculated
    $167,533
    From this org
    $135,060
    From related orgs
    $0
    Other
    $32,473
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,530
    Bonus
    $28,530
    Other
    $0
    Deferred
    $8,522
    Nontaxable benefits
    $23,951
    Filer's total
    $167,533

  • Thomas Werner

    PRESIDENT/CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Maverick Carter

    director/board member

    Total calculated
    $0
    Hours/week
    1

  • Charles Gifford

    DIRECTOR/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Linda Pizzuti Henry

    Director/Board Member

    Total calculated
    $0
    Hours/week
    1

  • Bridget Terry Long

    Director/Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sean McGrail

    Director/Board Member

    Total calculated
    $0
    Hours/week
    1

  • Katie Burke

    Director/Board Member

    Total calculated
    $0
    Hours/week
    1

  • Linda Whitlock

    Director/Board Member

    Total calculated
    $0
    Hours/week
    1

  • Corey Thomas

    DIRECTOR/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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 · 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

The filer's explanations (Part III)

SCHEDULE J, SUPPLEMENTAL COMPENSATION INFORMATION
THE ADMINISTRATIVE SALARIES AND BENEFITS OF STAFF WORKING FOR THE RED SOX FOUNDATION ARE ON A FULL OR PART TIME BASIS. THE RED SOX FOUNDATION REIMBURSES THE BOSTON RED SOX FOR ALL RED SOX FOUNDATION SALARIES AND BENEFITS. THE AMOUNTS REPORTED ON PART IX, LINE 5, LINE 7 AND LINE 9, REFLECT THE FOUNDATION'S REIMBURSABLE AMOUNT TO THE BOSTON RED SOX FOR THE FULL COST OF SERVICES PROVIDED TO THE CHARITY INCLUDING SALARY, HEALTH, RETIREMENT A FEDERAL BENEFITS. ALL BOARD MEMBERS SERVE WITHOUT ANY COMPENSATION OR REIMBURSEMENT FOR TRAVEL EXPENSES. DURING 2023, DAVID FRIEDMAN WAS A PAID EMPLOYEE OF THE FOUNDATION SERVING AS THE FOUNDATION'S LEGAL COUNSEL AND ALSO HANDLING GOVERNMENT RELATIONS MATTERS FOR THE FOUNDATION. MR.FRIEDMAN SERVED AS THE SECRETARY/CLERK OF THE FOUNDATION DURING 2023. THE COMPENSATION RECEIVED RELATES SOLELY TO HIS SERVICES AS LEGAL COUNSEL AND HANDLING OF GOVERNMENT AFFAIRS MATTERS.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Boston Red Sox Baseball Club LP

    M.L. BASEBALL · MA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349306381

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