Form 990 for tax year 2024
Filed by HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC.
Totals
- Total revenue
- $6,967,380
- Total expenses
- $4,301,726
- Contributions and grants received
- $0
- Grants paid
- $2,811,213
- Program service revenue
- $0
- Investment income
- $6,740,192
- Other revenue
- $227,188
- Total assets, end of year
- $89,959,973
- Total liabilities, end of year
- $999,949
- Net assets or fund balances, end of year
- $88,960,024
- Program services expenses (Part IX)
- $3,610,086
- Management and general expenses
- $691,640
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,610,086
Program services were 83.9% 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.
-
3 · Investment income
total $968,433 · excluded $968,433
-
7a · Gross sales of assets other than inventory
securities $30,184,217
-
7b · Less cost or other basis and sales expenses
securities $24,412,458
-
7c · Gain or loss
securities $5,771,759
-
7d · Net gain or loss
total $5,771,759 · related or exempt $5,771,759
-
11a · Other revenue: OTHER INCOME
total $227,188 · related or exempt $227,188
-
11e · Other revenue, total
$227,188
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,811,213 · program services $2,811,213
-
5 · Compensation of officers, directors and key employees
total $572,651 · program services $433,532 · management and general $139,119
-
7 · Other salaries and wages
total $127,331 · program services $50,552 · management and general $76,779
-
8 · Pension plan contributions
total $25,974 · program services $19,664 · management and general $6,310
-
9 · Other employee benefits
total $55,653 · program services $42,029 · management and general $13,624
-
10 · Payroll taxes
total $49,575 · program services $37,531 · management and general $12,044
-
11b · Fees: legal
total $930 · management and general $930
-
11c · Fees: accounting
total $24,200 · management and general $24,200
-
11f · Fees: investment management
total $303,444 · management and general $303,444
-
11g · Fees: other
total $133,063 · management and general $133,063
-
13 · Office expenses
total $11,379 · program services $6,851 · management and general $4,528
-
16 · Occupancy
total $132,880 · program services $79,728 · management and general $53,152
-
19 · Conferences, conventions and meetings
total $15,133 · program services $9,080 · management and general $6,053
-
22 · Depreciation, depletion and amortization
total $1,565 · program services $939 · management and general $626
-
23 · Insurance
total $9,974 · program services $5,984 · management and general $3,990
-
24a · Other expenses: TAXES-OTHER
total -$195,750 · management and general -$195,750
-
24b · Other expenses: OUTSIDE SERVICES
total $153,402 · program services $52,259 · management and general $101,143
-
24c · Other expenses: GRANT RELATED EXPENSES
total $55,829 · program services $55,829
-
24d · Other expenses: PUBLICATIONS AND SPECIA
total $8,158 · program services $4,895 · management and general $3,263
-
24e · All other expenses
total $5,122 · management and general $5,122
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $134,345 · end of year $119,527
-
4 · Accounts receivable
beginning of year $455,527 · end of year $598,181
-
9 · Prepaid expenses and deferred charges
beginning of year $8,384 · end of year $8,652
-
10a · Land, buildings and equipment: cost or other basis
$270,416
-
10b · Land, buildings and equipment: accumulated depreciation
$267,416
-
10c · Land, buildings and equipment, net
beginning of year $4,565 · end of year $3,000
-
11 · Investments: publicly traded securities
beginning of year $36,924,745 · end of year $39,260,358
-
12 · Investments: other securities
beginning of year $49,227,085 · end of year $49,301,284
-
13 · Investments: program-related
beginning of year $137,056 · end of year $110,455
-
15 · Other assets
beginning of year $745,002 · end of year $558,516
-
17 · Accounts payable and accrued expenses
beginning of year $114,702 · end of year $107,286
-
18 · Grants payable
beginning of year $1,038,910 · end of year $334,147
-
25 · Other liabilities
beginning of year $745,002 · end of year $558,516
-
27 · Net assets without donor restrictions
beginning of year $85,738,095 · end of year $88,960,024
Mission and programs · 2024
Mission
TO IMPROVE THE HEALTH STATUS OF THOSE WHO LIVE OR WORK IN CENTRAL MASSACHUSETTS.
-
TO PROVIDE FUNDING TO NON-PROFIT ORGANIZATIONS FOR THE PURPOSE OF IMPROVING THE HEALTH OF THOSE WHO LIVE OR WORK IN CENTRAL MASSACHUSETTS.
Expenses $3,610,086 · Grants $2,811,213
As filed on the 2024 return.
Listed in Part VII
-
Amie Shei PhDAMIE SHEI PHD
PRESIDENT/CEO
- Total calculated
- $298,529
- From this org
- $288,221
- From related orgs
- $0
- Other
- $10,308
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $258,221
- Bonus
- $30,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $10,308
- Filer's total
- $298,529
-
Jennie BlakeJENNIE BLAKE
VP PROGRAMS
- Total calculated
- $167,224
- From this org
- $151,810
- From related orgs
- $0
- Other
- $15,414
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $149,310
- Bonus
- $2,500
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $15,414
- Filer's total
- $167,224
-
Michelle L EwingMICHELLE L EWING
DIRECTOR OF FINANCE & ADMI
- Total calculated
- $158,776
- From this org
- $132,621
- From related orgs
- $0
- Other
- $26,155
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $130,621
- Bonus
- $2,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $26,155
- Filer's total
- $158,776
-
Daniel GermainDANIEL GERMAIN
GRANTS AND OPERATION MANAG
- Total calculated
- $144,566
- From this org
- $113,433
- From related orgs
- $0
- Other
- $31,133
- Hours/week
- 37.5
-
Dennis M Dimitri MD FaafpDENNIS M DIMITRI MD FAAFP
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Timothy M Bibaud JDTIMOTHY M BIBAUD JD
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Randall V Becker CPA MBARANDALL V BECKER CPA MBA
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Sejal M Daga MD FaafpSEJAL M DAGA MD FAAFP
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Christie L Hager JD MPHCHRISTIE L HAGER JD MPH
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Paula A Aiello CPAPAULA A AIELLO CPA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Alex Corrales C-PhmALEX CORRALES C-PHM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Soloe M Dennis Ms MepSOLOE M DENNIS MS MEP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Diane E Gould LicswDIANE E GOULD LICSW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Lindsay F Greenfield MBALINDSAY F GREENFIELD MBA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
J Michael Grenon CimaJ MICHAEL GRENON CIMA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Kathryn Lee MDKATHRYN LEE MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Carole M Steen MsaCAROLE M STEEN MSA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
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 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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 4B
- THERE IS A DEFERRED COMPENSATION PLAN IN ACCORDANCE WITH IRC SECTION 457(B) FOR THE FORMER PRESIDENT. THE ORGANIZATION ACCRUED $0 TO THIS PLAN FOR THE CURRENT YEAR. THE CUMULATIVE BALANCE OF THE ACCRUED DEFERRED COMPENSATION AS OF YEAR-END IS $78,739 WHICH WAS PAID OUT IN JUNE 2025.
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
-
QUABOAG CONNECTOR: DEVELOPING A MODEL FOR RURAL TRANSPORTATION
-
$300,000
PRIVATE WELL PROGRAM TO PROTECT PUBLIC HEALTH
-
NORTH CENTRAL MA COALITION FOR EMPLOYER-SUPPORTED CHILDCARE
-
FAMILY CHILDCARE SUCCESS PROJECT
-
$250,000
FOOD IS MEDICINE FOR CENTRAL MA
-
$249,994
SOUTHBRIDGE CARES
-
$125,000
KITCHEN RENOVATION
-
$125,000
CENTER OF HOPE DAY HABILITATION PROGRAM (COHDH) IMPROVEMENT PROJECT
-
$125,000
DEVELOPING TRAUMA-INFORMED MATERNITY CARE SPACE FOR NEWLY-ARRIVED REFUGEES AND IMMIGRANTS
-
QUINSIGAMOND COMMUNITY COLLEGE
$124,254
PROVIDING ORAL HEALTH RESOURCES FOR WORCESTER COUNTY RESIDENTS
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
THE HEALTH FOUNDATION FUND INC
501(C)(3) · TO SUPPORT THE PURPOSE AND MISSION OF ITS MEMBER, THE HEALTH FOUNDATION. · MA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513149349306296
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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