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Nonprofiteer
← BOSTON FOUNDATION INC

Form 990 for tax year 2023

Filed by BOSTON FOUNDATION INC.

Totals

Total revenue
$210,389,550
Total expenses
$215,292,419
Contributions and grants received
$179,935,491
Grants paid
$183,105,297
Program services expenses (Part IX)
$193,395,093
Management and general expenses
$18,215,890
Fundraising expenses
$3,681,436
Program service expenses (Part III)
$193,395,093

Program services were 89.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • M Lee Pelton

    President & CEO

    Total calculated
    $875,816
    From this org
    $806,009
    From related orgs
    $0
    Other
    $69,807
    Hours/week
    50 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $769,071
    Bonus
    $22,650
    Other
    $14,288
    Deferred
    $42,300
    Nontaxable benefits
    $27,507
    Filer's total
    $875,816

  • Kate Guedj

    SVP and Chief Phil. Off.

    Total calculated
    $458,298
    From this org
    $392,052
    From related orgs
    $0
    Other
    $66,246
    Hours/week
    50 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $366,588
    Bonus
    $19,000
    Other
    $6,464
    Deferred
    $35,820
    Nontaxable benefits
    $30,426
    Filer's total
    $458,298

  • George C Wilson

    Assistant Treasurer

    Total calculated
    $454,745
    From this org
    $392,677
    From related orgs
    $0
    Other
    $62,068
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $371,788
    Bonus
    $11,000
    Other
    $9,889
    Deferred
    $31,648
    Nontaxable benefits
    $30,420
    Filer's total
    $454,745

  • Alfred F Van Ranst Jr

    CFO & Treasurer (7/1/23-2/26/24)

    Total calculated
    $424,724
    From this org
    $400,830
    From related orgs
    $0
    Other
    $23,894
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $379,941
    Bonus
    $11,000
    Other
    $9,889
    Deferred
    $19,800
    Nontaxable benefits
    $4,094
    Filer's total
    $424,724

  • Orlando Watkins

    VP & Chief Prog. Officer

    Total calculated
    $356,119
    From this org
    $335,194
    From related orgs
    $0
    Other
    $20,925
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $313,055
    Bonus
    $19,000
    Other
    $3,139
    Deferred
    $19,800
    Nontaxable benefits
    $1,125
    Filer's total
    $356,119

  • Keith Mahoney

    VP, Comm. & Public Affairs

    Total calculated
    $340,848
    From this org
    $310,047
    From related orgs
    $0
    Other
    $30,801
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $289,908
    Bonus
    $17,000
    Other
    $3,139
    Deferred
    $16,636
    Nontaxable benefits
    $14,165
    Filer's total
    $340,848

  • Imari Paris-Jefferies

    Exec. Dir. Embrace Boston

    Total calculated
    $320,734
    From this org
    $264,625
    From related orgs
    $0
    Other
    $56,109
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $255,871
    Bonus
    $7,650
    Other
    $1,104
    Deferred
    $16,274
    Nontaxable benefits
    $39,835
    Filer's total
    $320,734

  • Leigh Gasper

    Asst.Sec.& VP

    Total calculated
    $292,710
    From this org
    $250,841
    From related orgs
    $0
    Other
    $41,869
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $234,086
    Bonus
    $14,000
    Other
    $2,755
    Deferred
    $15,410
    Nontaxable benefits
    $26,459
    Filer's total
    $292,710

  • Leslie Pine

    Mgr Partner, TPI

    Total calculated
    $276,870
    From this org
    $246,761
    From related orgs
    $0
    Other
    $30,109
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $233,593
    Bonus
    $10,000
    Other
    $3,168
    Deferred
    $14,320
    Nontaxable benefits
    $15,789
    Filer's total
    $276,870

  • Jane Dixon

    VP, HR & Culture and Talent

    Total calculated
    $275,142
    From this org
    $251,727
    From related orgs
    $0
    Other
    $23,415
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $233,631
    Bonus
    $12,000
    Other
    $6,096
    Deferred
    $15,064
    Nontaxable benefits
    $8,351
    Filer's total
    $275,142

  • Jennifer Aronson

    Deputy VP of Programs

    Total calculated
    $246,068
    From this org
    $196,526
    From related orgs
    $0
    Other
    $49,542
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $186,138
    Bonus
    $9,450
    Other
    $938
    Deferred
    $11,693
    Nontaxable benefits
    $37,849
    Filer's total
    $246,068

  • Margaret Alexander

    Partner, TPI

    Total calculated
    $240,690
    From this org
    $191,824
    From related orgs
    $0
    Other
    $48,866
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $181,609
    Bonus
    $8,500
    Other
    $1,715
    Deferred
    $11,471
    Nontaxable benefits
    $37,395
    Filer's total
    $240,690

  • Pam Hurd

    Sr. Dir. Philanthropy

    Total calculated
    $234,697
    From this org
    $197,492
    From related orgs
    $0
    Other
    $37,205
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $186,674
    Bonus
    $5,699
    Other
    $5,119
    Deferred
    $11,576
    Nontaxable benefits
    $25,629
    Filer's total
    $234,697

  • Barbara Hindley

    Frmr Asst. Secretary/AVP C

    Total calculated
    $221,679
    From this org
    $193,440
    From related orgs
    $0
    Other
    $28,239
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,828
    Bonus
    $5,557
    Other
    $8,055
    Deferred
    $11,288
    Nontaxable benefits
    $16,951
    Filer's total
    $221,679

  • Rupal Dandia

    VP Development/Deshpande

    Total calculated
    $200,214
    From this org
    $190,358
    From related orgs
    $0
    Other
    $9,856
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,944
    Bonus
    $30,000
    Other
    $1,414
    Deferred
    $7,504
    Nontaxable benefits
    $2,352
    Filer's total
    $200,214

  • Makeeba McCreary

    Exec. Dir. NCF

    Total calculated
    $191,772
    From this org
    $174,210
    From related orgs
    $0
    Other
    $17,562
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $173,573
    Bonus
    $0
    Other
    $637
    Deferred
    $8,993
    Nontaxable benefits
    $8,569
    Filer's total
    $191,772

  • Kristen O'Connell

    Secretary (1/3/24-present)

    Total calculated
    $0
    Hours/week
    40 + 1 related

  • Brian Douglas

    CFO & Treasurer (2/26/24-present)

    Total calculated
    $0
    Hours/week
    50 + 1 related

  • Charles Anderson

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Zamawa Arenas

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Andrew Arnott

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Vanessa Calderon-Rosado

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Elyse Cherry

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Petrina Martin Cherry

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Brian Conway

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Pam Y Eddinger

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Betty Francisco

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Linda Mason

    Chair

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • J Keith Motley

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Kendall Burlin O'Connell

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Ronald O'Hanley

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Tracy Palandjian

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Dwight M Poler

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Raj Sharma

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Scott E Squillace

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Jane Steinmetz

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Robert Waldron

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • CA Webb

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.75 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 — 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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
The Boston Foundation's standing Compensation Committee, which includes the Board Chair as an Ex-Officio member, is governed by a formal charter and follows the Boston Foundation's formal total compensation strategy. The total compensation strategy requires the Boston Foundation to retain the services of an independent compensation specialist to survey salaries and compensation of comparable positions within local and national peer organizations. The specialist submits a formal report to the Compensation Committee. Guided by the report, the Compensation Committee recommends compensation for the President and CEO for the upcoming fiscal year. The Compensation Committee then reports to the full Board, which votes to ratify the actions taken by the Compensation Committee, including the recommended compensation.
Part I, Line 4b
M. Lee Pelton, George C. Wilson, and Kate Guedj participated in a Supplemental Employee Retirement Plan (SERP). The total SERP contributions for the above participants for the calendar year ended December 31, 2023 were as follows: Non-Taxable M. Lee Pelton $22,500 George C. Wilson $11,848 Kate Guedj $16,020
Part I, Line 7
Bonuses are given to the President and CEO at the discretion of the Compensation Committee and to other employees at the discretion of the President and CEO.
Part II
Barbara Hindley, former Assistant Secretary was paid as a current employees not as former officer.

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202531329349304083

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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