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Nonprofiteer
← BOSTON FOUNDATION INC

Form 990 for tax year 2022

Filed by BOSTON FOUNDATION INC.

Totals

Total revenue
$161,296,905
Total expenses
$209,895,497
Contributions and grants received
$141,692,649
Grants paid
$174,634,511
Program services expenses (Part IX)
$187,093,319
Management and general expenses
$19,305,742
Fundraising expenses
$3,496,436
Program service expenses (Part III)
$187,093,319

Program services were 89.1% 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
    $813,517
    From this org
    $746,956
    From related orgs
    $0
    Other
    $66,561
    Hours/week
    50 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $732,327
    Bonus
    $0
    Other
    $14,629
    Deferred
    $38,800
    Nontaxable benefits
    $27,761
    Filer's total
    $813,517

  • George C Wilson

    Assistant Treasurer

    Total calculated
    $449,389
    From this org
    $388,767
    From related orgs
    $0
    Other
    $60,622
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $354,377
    Bonus
    $28,294
    Other
    $6,096
    Deferred
    $30,148
    Nontaxable benefits
    $30,474
    Filer's total
    $449,389

  • Kate Guedj

    SVP and Chief Phil. Off.

    Total calculated
    $447,518
    From this org
    $381,676
    From related orgs
    $0
    Other
    $65,842
    Hours/week
    50 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $347,385
    Bonus
    $27,669
    Other
    $6,622
    Deferred
    $34,320
    Nontaxable benefits
    $31,522
    Filer's total
    $447,518

  • Alfred F Van Ranst Jr

    CFO & Treasurer

    Total calculated
    $436,526
    From this org
    $400,440
    From related orgs
    $0
    Other
    $36,086
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $362,119
    Bonus
    $28,432
    Other
    $9,889
    Deferred
    $32,192
    Nontaxable benefits
    $3,894
    Filer's total
    $436,526

  • Makeeba McCreary

    Exec. Dir. NCF

    Total calculated
    $365,228
    From this org
    $343,379
    From related orgs
    $0
    Other
    $21,849
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $273,525
    Bonus
    $68,750
    Other
    $1,104
    Deferred
    $5,331
    Nontaxable benefits
    $16,518
    Filer's total
    $365,228

  • Keith Mahoney

    VP, Comm. & Public Affairs

    Total calculated
    $347,483
    From this org
    $292,379
    From related orgs
    $0
    Other
    $55,104
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $269,675
    Bonus
    $21,600
    Other
    $1,104
    Deferred
    $16,636
    Nontaxable benefits
    $38,468
    Filer's total
    $347,483

  • Orlando Watkins

    VP & Chief Prog. Officer

    Total calculated
    $340,558
    From this org
    $319,716
    From related orgs
    $0
    Other
    $20,842
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $295,811
    Bonus
    $22,801
    Other
    $1,104
    Deferred
    $17,682
    Nontaxable benefits
    $3,160
    Filer's total
    $340,558

  • Imari Paris-Jefferies

    Exec. Dir. Embrace Boston

    Total calculated
    $286,859
    From this org
    $233,274
    From related orgs
    $0
    Other
    $53,585
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $215,372
    Bonus
    $17,200
    Other
    $702
    Deferred
    $13,682
    Nontaxable benefits
    $39,903
    Filer's total
    $286,859

  • Leigh Gasper

    Asst.Sec.& VP

    Total calculated
    $268,799
    From this org
    $240,501
    From related orgs
    $0
    Other
    $28,298
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $222,190
    Bonus
    $17,600
    Other
    $711
    Deferred
    $3,254
    Nontaxable benefits
    $25,044
    Filer's total
    $268,799

  • Leslie Pine

    Mgr Partner, TPI

    Total calculated
    $269,411
    From this org
    $240,272
    From related orgs
    $0
    Other
    $29,139
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $219,552
    Bonus
    $17,604
    Other
    $3,116
    Deferred
    $13,487
    Nontaxable benefits
    $15,652
    Filer's total
    $269,411

  • Jane Dixon

    VP, HR & Culture and Talent

    Total calculated
    $260,459
    From this org
    $238,720
    From related orgs
    $0
    Other
    $21,739
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $216,052
    Bonus
    $16,800
    Other
    $5,868
    Deferred
    $13,240
    Nontaxable benefits
    $8,499
    Filer's total
    $260,459

  • Margaret Alexander

    Partner, TPI

    Total calculated
    $237,541
    From this org
    $188,727
    From related orgs
    $0
    Other
    $48,814
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $173,095
    Bonus
    $14,000
    Other
    $1,632
    Deferred
    $10,970
    Nontaxable benefits
    $37,844
    Filer's total
    $237,541

  • Jennifer Aronson

    Deputy VP of Programs

    Total calculated
    $237,437
    From this org
    $187,972
    From related orgs
    $0
    Other
    $49,465
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $172,408
    Bonus
    $15,000
    Other
    $564
    Deferred
    $10,877
    Nontaxable benefits
    $38,588
    Filer's total
    $237,437

  • Rosalyn Bonaventure

    Controller

    Total calculated
    $239,935
    From this org
    $213,962
    From related orgs
    $0
    Other
    $25,973
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $193,284
    Bonus
    $15,452
    Other
    $5,226
    Deferred
    $11,771
    Nontaxable benefits
    $14,202
    Filer's total
    $239,935

  • Pam Hurd

    Sr. Dir. Philanthropy

    Total calculated
    $231,892
    From this org
    $194,998
    From related orgs
    $0
    Other
    $36,894
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $177,482
    Bonus
    $12,666
    Other
    $4,850
    Deferred
    $11,027
    Nontaxable benefits
    $25,867
    Filer's total
    $231,892

  • Barbara Hindley

    Frmr Asst. Secretary/AVP C

    Total calculated
    $222,391
    From this org
    $195,112
    From related orgs
    $0
    Other
    $27,279
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,362
    Bonus
    $14,114
    Other
    $7,636
    Deferred
    $10,752
    Nontaxable benefits
    $16,527
    Filer's total
    $222,391

  • John Ho

    Secretary

    Total calculated
    $116,904
    From this org
    $97,921
    From related orgs
    $0
    Other
    $18,983
    Hours/week
    40 + 1 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

  • 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

  • Michael Eisenson

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Betty Francisco

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Paul Lee

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Linda Mason

    Chair

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Myechia Minter-Jordan

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • J Keith Motley

    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

  • Jane Steinmetz

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Scott E Squillace

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Kate Walsh

    Director (left 2/23)

    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, Alfred Van Ranst, 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, 2022 were as follows: Non-Taxable M. Lee Pelton $20,500 George C. Wilson $11,848 Alfred Van Ranst $13,892 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 employee 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
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202401319349302380

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

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