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Nonprofiteer
← GREATER BOSTON REAL ESTATE BOARD FOUNDATION

Form 990 for tax year 2023

Filed by GREATER BOSTON REAL ESTATE BOARD FOUNDATION.

Totals

Total revenue
$291,834
Total expenses
$390,829
Contributions and grants received
$294,485
Grants paid
$356,048
Program service revenue
$0
Investment income
$12,402
Other revenue
-$15,053
Total assets, end of year
$1,236,447
Total liabilities, end of year
$29,633
Net assets or fund balances, end of year
$1,206,814
Program services expenses (Part IX)
$356,048
Management and general expenses
$34,781
Fundraising expenses
$0
Program service expenses (Part III)
$356,048

Program services were 91.1% 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

    $125,443

  • 1d · Related organizations

    $155,294

  • 1f · All other contributions, gifts and grants

    $13,748

  • 3 · Investment income

    total $12,402 · excluded $12,402

  • 8a · Fundraising events: gross income

    $0

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

    $125,443

  • 8b · Fundraising events: direct expenses

    $15,053

  • 8c · Net income from fundraising events

    total -$15,053 · excluded -$15,053

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $304,500 · program services $304,500

  • 2 · Grants to domestic individuals

    total $51,548 · program services $51,548

  • 11a · Fees: management

    total $27,243 · management and general $27,243

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 24a · Other expenses: Credit Card Fees

    total $2,026 · management and general $2,026

  • 24b · Other expenses: Miscellaneous

    total $512 · management and general $512

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $196,253 · end of year $40,616

  • 2 · Savings and temporary cash investments

    beginning of year $1,101,584 · end of year $435,374

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,000

  • 11 · Investments: publicly traded securities

    end of year $740,999

  • 15 · Other assets

    beginning of year $24,498 · end of year $19,458

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,000 · end of year $5,000

  • 25 · Other liabilities

    beginning of year $32,952 · end of year $24,633

  • 27 · Net assets without donor restrictions

    beginning of year -$604,094 · end of year $869,278

  • 28 · Net assets with donor restrictions

    beginning of year $1,894,477 · end of year $337,536

Mission and programs · 2023

Mission

Grants to charitable 501(c) organizations whose activities are conducted in the Greater Boston area.

  • The Greater Boston Real Estate Board Foundation was established in 1994 to provide contributions to housing related charities. In addition, the foundation provides scholarships for eligible graduating high school seniors to attend college.

    Expenses $356,048 · Grants $356,048

As filed on the 2023 return.

Listed in Part VII

  • Kate Franco

    Chair

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Mike Edward Perry

    Chairman-Elect

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Bill Tanski

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Dino Confalone

    Clerk/Assistant Treasurer

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Guy Corricelli

    Finance Chair

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Daphna Fields

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Jennifer Twombly

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Clayton Wentworth

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Alison Powers

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Samantha Hallowell

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Alison Socha

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Jared Wilk Compass

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Nilesh Bubna

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Ravi Ragnauth

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Jessica Buonopane

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Cecelia Bolognia

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Neda Vander Stoep

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Joseph Schutt

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Tanisha Salmon

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Melvin Salmon

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • David Wluka

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Gail Lockberg

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Lynn Bora

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Karen Fish-Will

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • William Dermody

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Greg Vasil

    CEO

    Total calculated
    $373,285
    From this org
    $0
    From related orgs
    $334,214
    Other
    $39,071
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $321,360 related
    Bonus
    $0 + $12,854 related
    Other
    $0
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $29,171 related
    Filer's total
    $0 + $373,285 related

  • Adam Kozol

    Director of Finance

    Total calculated
    $157,332
    From this org
    $0
    From related orgs
    $126,222
    Other
    $31,110
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $121,367 related
    Bonus
    $0 + $4,855 related
    Other
    $0
    Deferred
    $0 + $3,787 related
    Nontaxable benefits
    $0 + $27,323 related
    Filer's total
    $0 + $157,332 related

  • Adrienne Maley

    Executive Director

    Total calculated
    $199,649
    From this org
    $0
    From related orgs
    $183,595
    Other
    $16,054
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,534 related
    Bonus
    $0 + $7,061 related
    Other
    $0
    Deferred
    $0 + $5,508 related
    Nontaxable benefits
    $0 + $10,546 related
    Filer's total
    $0 + $199,649 related

  • John Dulczewski

    Executive Director

    Total calculated
    $189,812
    From this org
    $0
    From related orgs
    $174,081
    Other
    $15,731
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,386 related
    Bonus
    $0 + $6,695 related
    Other
    $0
    Deferred
    $0 + $5,222 related
    Nontaxable benefits
    $0 + $10,509 related
    Filer's total
    $0 + $189,812 related

  • Patricia Baumer

    Director of Govt. Affairs

    Total calculated
    $138,309
    From this org
    $0
    From related orgs
    $124,387
    Other
    $13,922
    Hours/week
    0.5 + 40 related

  • Catherine Stewart

    Director of Administration

    Total calculated
    $132,058
    From this org
    $0
    From related orgs
    $116,820
    Other
    $15,238
    Hours/week
    0.5 + 40 related

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 · Written employment contract
  • 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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Greater Boston Real Estate Board

    501(c)(6) · To Advocate, Educate, Inform and Serve Members of the Real Estate Industry · MA

  • Greater Boston Real Estate Board-PAC

    527 · Political Action Committee · MA

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2024
IRS schema version
2023v5.0
Source object
202431229349301103

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