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Nonprofiteer
← PAN-MASSACHUSETTS CHALLENGE INC

Form 990 for tax year 2024

Filed by PAN-MASSACHUSETTS CHALLENGE INC.

Totals

Total revenue
$81,791,402
Total expenses
$80,875,102
Contributions and grants received
$74,506,252
Grants paid
$75,000,000
Program service revenue
$0
Investment income
$1,737,643
Other revenue
$5,547,507
Total assets, end of year
$3,973,897
Total liabilities, end of year
$1,150,076
Net assets or fund balances, end of year
$2,823,821
Program services expenses (Part IX)
$75,000,000
Management and general expenses
$3,542,037
Fundraising expenses
$2,333,065
Program service expenses (Part III)
$75,000,000

Program services were 92.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CAREN DEARDORF

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ASCIONE

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM STARR

    Founder/Executive Director

    Total calculated
    $641,846
    From this org
    $570,407
    From related orgs
    $0
    Other
    $71,439
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $438,245
    Bonus
    $75,000
    Other
    $57,162
    Deferred
    $46,000
    Nontaxable benefits
    $25,439
    Filer's total
    $641,846

  • BEKAH SALWASSER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID FIALKOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HANNAH HELLEBUSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN GILULA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSH BEKENSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LOIS CORNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELANY DUVAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RENE JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAM BYRNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN BROGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JARRETT COLLINS

    CEO

    Total calculated
    $403,667
    From this org
    $352,197
    From related orgs
    $0
    Other
    $51,470
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $315,797
    Bonus
    $36,400
    Other
    $0
    Deferred
    $25,875
    Nontaxable benefits
    $25,595
    Filer's total
    $403,667

  • MICHELE SOMMER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $270,644
    From this org
    $249,921
    From related orgs
    $0
    Other
    $20,723
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $225,048
    Bonus
    $24,873
    Other
    $0
    Deferred
    $18,655
    Nontaxable benefits
    $2,068
    Filer's total
    $270,644

  • GLYNN HAWLEY

    DIRECTOR OF OPERATIONS

    Total calculated
    $167,979
    From this org
    $154,390
    From related orgs
    $0
    Other
    $13,589
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $139,028
    Bonus
    $15,362
    Other
    $0
    Deferred
    $11,521
    Nontaxable benefits
    $2,068
    Filer's total
    $167,979

  • JENNIFER SCHACHTER

    VP TECHNOLOGY & DIGITAL EXPERIENCE

    Total calculated
    $284,878
    From this org
    $255,789
    From related orgs
    $0
    Other
    $29,089
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $229,672
    Bonus
    $26,117
    Other
    $0
    Deferred
    $19,588
    Nontaxable benefits
    $9,501
    Filer's total
    $284,878

  • MICHAEL IRVING

    SENIOR SOFTWARE ENGINEER

    Total calculated
    $120,872
    From this org
    $100,452
    From related orgs
    $0
    Other
    $20,420
    Hours/week
    50

  • WILLIAM ALFANO

    DIR OF MKTG & STRAT PSHIPS

    Total calculated
    $276,807
    From this org
    $232,819
    From related orgs
    $0
    Other
    $43,988
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $208,379
    Bonus
    $24,440
    Other
    $0
    Deferred
    $18,330
    Nontaxable benefits
    $25,658
    Filer's total
    $276,807

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

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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, Part I, Line 1a Tax indemnification and gross-up payments
WILLIAM STARR RECEIVES CAR AND LIFE INSURANCE ALLOWANCES WHICH ARE GROSSED UP. THESE ALLOWANCES INCLUSIVE OF THE GROSS UP ARE INCLUDED IN TAXABLE COMPENSATION.
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization
FOR 2024, WILLIAM STARR AND JARRETT COLLINS WERE PAID BASE SALARIES, AND THEY RECEIVED BONUSES BASED ON THE PERFORMANCE OF THE PAN MASSACHUSETTS CHALLENGE FOR 2024. THEIR BONUS COMPENSATION WAS DESIGNED, AMONG OTHER THINGS, TO MAXIMIZE THE ORGANIZATION'S FUNDRAISING EFFICIENCY AND HELPED THE PAN MASSACHUSETTS CHALLENGE, FOR THE EIGHTEENTH CONSECUTIVE YEAR, TO DONATE 100% OF RIDER-RAISED FUNDS RECEIVED IN THE CURRENT YEAR TO DFCI. (THE PAN MASSACHUSETTS CHALLENGE BUDGET IS UNDERWRITTEN BY SPONSORSHIP PAYMENTS, AUXILIARY REVENUE AND BIKE-A-THON REGISTRATION FEES.) WILLIAM STARR'S COMPENSATION CONSISTS OF AN ANNUAL BASE SALARY OF $438,245 AND A BONUS IN THE AMOUNT OF $75,000. JARRETT COLLINS' COMPENSATION CONSISTS OF A BASE SALARY OF $315,797 AND A BONUS IN THE AMOUNT OF $36,400. JENNIFER SCHACHTER'S COMPENSATION CONSISTS OF A BASE SALARY OF $229,672 AND A BONUS IN THE AMOUNT OF $26,117. MICHELE SOMMER'S COMPENSATION CONSISTS OF A BASE SALARY OF $225,048 AND A BONUS IN THE AMOUNT OF $24,873. WILLIAM ALFANO'S COMPENSATION CONSISTS OF A BASE SALARY OF $208,379 AND A BONUS IN THE AMOUNT OF $24,440. Glynn Hawley's compensation consists of a base salary of $139,028 and a bonus in the amount of $15,362. BONUSES FOR JENNIFER SCHACHTER, MICHELE SOMMER, WILLIAM ALFANO, and Glynn Hawley ARE AWARDED BASED 50% ON INDIVIDUAL PERFORMANCE EVALUATIONS AND 50% ON ORGANIZATION PERFORMANCE.
Schedule J, Part I, Line 2 SUBSTANTIATION REQUIREMENT FOR LINE 1A ITEMS
ORGANIZATION DID NOT REQUIRE SUBSTANTIATION PRIOR TO REIMBURSING OR ALLOWING EXPENSES INCURRED BECAUSE GROSS-UP PAYMENTS WERE ALLOWANCES AND SUCH SUBSTANTIATION IS NOT NEEDED FOR ALLOWANCES.

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
2024
Filed
30 October 2025
IRS schema version
2024v5.1
Source object
202523039349300427

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