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Nonprofiteer
← GREATER BOSTON REAL ESTATE BOARD FOUNDATION

Form 990 for tax year 2022

Filed by GREATER BOSTON REAL ESTATE BOARD FOUNDATION.

Totals

Total revenue
$1,141,628
Total expenses
$704,198
Contributions and grants received
$1,286,010
Grants paid
$375,982
Program service revenue
$0
Investment income
$492
Other revenue
-$144,874
Total assets, end of year
$1,328,335
Total liabilities, end of year
$37,952
Net assets or fund balances, end of year
$1,290,383
Program services expenses (Part IX)
$584,295
Management and general expenses
$119,903
Fundraising expenses
$0
Program service expenses (Part III)
$584,295

Program services were 83.0% 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

    $1,065,322

  • 1d · Related organizations

    $155,500

  • 1f · All other contributions, gifts and grants

    $65,188

  • 3 · Investment income

    total $492 · excluded $492

  • 8a · Fundraising events: gross income

    $0

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

    $1,065,322

  • 8b · Fundraising events: direct expenses

    $147,392

  • 8c · Net income from fundraising events

    total -$147,392 · excluded -$147,392

  • 11a · Other revenue: OTHER INCOME

    total $2,518 · excluded $2,518

  • 11e · Other revenue, total

    $2,518

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $212,982 · program services $212,982

  • 2 · Grants to domestic individuals

    total $163,000 · program services $163,000

  • 11c · Fees: accounting

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

  • 11g · Fees: other

    total $208,313 · program services $208,313

  • 24a · Other expenses: ADMIN FEE - FOUNDATION

    total $83,325 · management and general $83,325

  • 24b · Other expenses: GBREB MANAGEMENT FEE

    total $22,952 · management and general $22,952

  • 24c · Other expenses: CREDIT CARD FEES

    total $8,376 · management and general $8,376

  • 24d · Other expenses: MISCELLANEOUS

    total $250 · management and general $250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $296,088 · end of year $196,253

  • 2 · Savings and temporary cash investments

    beginning of year $189,682 · end of year $1,101,584

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,500 · end of year $6,000

  • 15 · Other assets

    beginning of year $366,503 · end of year $24,498

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,820 · end of year $5,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $32,952

  • 27 · Net assets without donor restrictions

    beginning of year -$487,201 · end of year -$604,094

  • 28 · Net assets with donor restrictions

    beginning of year $1,340,154 · end of year $1,894,477

Mission and programs · 2022

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 $584,295 · Grants $375,982

As filed on the 2022 return.

Listed in Part VII

  • Lynn Bora

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related
  • Kate Franco

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Michael S Edward

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Bill Tanski

    CLERK/ASST. TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Dino Confalone

    FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Guy Corricelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Maria Farias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Jennifer Twombly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Peter Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Alison Powers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Melvin Vieira

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Alison Socha

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Peter Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Jessica Buonopane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Lauren O'Neil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Nilesh Bubna

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Neda Vander Stoep

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Magalie Jean-Michel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Dick Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Tanisha Salmon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Larry Rideout

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Gail Lockberg

    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
  • Ericka Clarke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Adam Kozol

    DIRECTOR OF FINANCE

    Total calculated
    $154,805
    From this org
    $0
    From related orgs
    $121,367
    Other
    $33,438
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $116,699 related
    Bonus
    $0 + $4,668 related
    Other
    $0
    Deferred
    $0 + $3,641 related
    Nontaxable benefits
    $0 + $29,797 related
    Filer's total
    $0 + $154,805 related
  • Gregory Vasil

    CEO

    Total calculated
    $362,193
    From this org
    $0
    From related orgs
    $321,360
    Other
    $40,833
    Hours/week
    3 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,000 related
    Bonus
    $0 + $12,360 related
    Other
    $0
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $31,683 related
    Filer's total
    $0 + $362,193 related
  • Patricia Baumer

    DIRECTOR OF GOVT. AFFAIRS

    Total calculated
    $134,221
    From this org
    $0
    From related orgs
    $119,603
    Other
    $14,618
    Hours/week
    0.5 + 40 related
  • John Dulczewski

    EXECUTIVE DIRECTOR

    Total calculated
    $183,767
    From this org
    $0
    From related orgs
    $167,386
    Other
    $16,381
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,948 related
    Bonus
    $0 + $6,438 related
    Other
    $0
    Deferred
    $0 + $5,022 related
    Nontaxable benefits
    $0 + $11,359 related
    Filer's total
    $0 + $183,767 related
  • Adrienne Maley

    EXECUTIVE DIRECTOR

    Total calculated
    $193,225
    From this org
    $0
    From related orgs
    $176,534
    Other
    $16,691
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,744 related
    Bonus
    $0 + $6,790 related
    Other
    $0
    Deferred
    $0 + $5,296 related
    Nontaxable benefits
    $0 + $11,395 related
    Filer's total
    $0 + $193,225 related
  • Catherine Stewart

    DIRECTOR OF ADMINISTRATION

    Total calculated
    $126,505
    From this org
    $0
    From related orgs
    $112,327
    Other
    $14,178
    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

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

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
2022
Filed
20 September 2023
IRS schema version
2022v5.0
Source object
202332699349300743

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