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Nonprofiteer
← PHILANTHROPY CONNECTION INC

Form 990 for tax year 2023

Filed by PHILANTHROPY CONNECTION INC.

Totals

Total revenue
$316,720
Total expenses
$318,169
Contributions and grants received
$303,822
Grants paid
$250,000
Program service revenue
$0
Investment income
$12,898
Other revenue
$0
Total assets, end of year
$564,464
Total liabilities, end of year
$142,672
Net assets or fund balances, end of year
$421,792
Program services expenses (Part IX)
$269,030
Management and general expenses
$49,139
Fundraising expenses
$0
Program service expenses (Part III)
$269,030

Program services were 84.6% 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.

  • 1b · Membership dues

    $242,300

  • 1f · All other contributions, gifts and grants

    $61,522

  • 3 · Investment income

    total $12,898 · unrelated business $0 · excluded $12,898

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $250,000 · program services $250,000

  • 11c · Fees: accounting

    total $11,100 · program services $0 · management and general $11,100 · fundraising $0

  • 11g · Fees: other

    total $25,110 · program services $7,031 · management and general $18,079 · fundraising $0

  • 13 · Office expenses

    total $14,021 · program services $0 · management and general $14,021 · fundraising $0

  • 23 · Insurance

    total $450 · program services $0 · management and general $450 · fundraising $0

  • 24a · Other expenses: Event Expense

    total $8,597 · program services $8,597 · management and general $0 · fundraising $0

  • 24b · Other expenses: Membership

    total $4,914 · program services $300 · management and general $4,614 · fundraising $0

  • 24c · Other expenses: Bad debt expense

    total $3,102 · program services $3,102 · management and general $0 · fundraising $0

  • 24d · Other expenses: Postage

    total $600 · program services $0 · management and general $600 · fundraising $0

  • 24e · All other expenses

    total $275 · program services $0 · management and general $275 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $304,457 · end of year $273,203

  • 2 · Savings and temporary cash investments

    beginning of year $256,857 · end of year $269,606

  • 3 · Pledges and grants receivable

    beginning of year $12,177 · end of year $21,655

  • 17 · Accounts payable and accrued expenses

    beginning of year $250 · end of year $5,172

  • 18 · Grants payable

    beginning of year $150,000 · end of year $137,500

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $182,884 · end of year $193,586

  • 28 · Net assets with donor restrictions

    beginning of year $240,357 · end of year $228,206

Mission and programs · 2023

Mission

The Philanthropy Connections mission is to inspire, teach, and enable women to engage in collective philanthropy, in order to provide grants to charitable organizations that improve the quality of life for low-resource individuals and families living in Massachusetts.

  • To provide grants to charitable organizations that create innovative ways to improve the quality of life for low-resource individuals and families living in Massachusetts.

    Expenses $269,030 · Grants $250,000

As filed on the 2023 return.

Listed in Part VII

  • Leslie Levenson

    Co-President

    Total calculated
    $0
    Hours/week
    10
  • Kelsea Medard

    Co-President

    Total calculated
    $0
    Hours/week
    10
  • Cathy Konicki

    Treasurer

    Total calculated
    $0
    Hours/week
    10
  • Leigh Chandler

    Clerk

    Total calculated
    $0
    Hours/week
    5
  • Annemieke Rice

    Director

    Total calculated
    $0
    Hours/week
    5
  • Melanie Calzetti-Spahr

    Director

    Total calculated
    $0
    Hours/week
    5
  • Valerie Godhwani

    Director

    Total calculated
    $0
    Hours/week
    5
  • Barbara Gaskin

    Director

    Total calculated
    $0
    Hours/week
    5
  • Cassandra Trujillo

    Director

    Total calculated
    $0
    Hours/week
    5
  • Clare Rager

    Director

    Total calculated
    $0
    Hours/week
    5
  • Jennifer Morrison

    Director

    Total calculated
    $0
    Hours/week
    5
  • Sue Meehan

    Director

    Total calculated
    $0
    Hours/week
    5
  • Tatiana Joyce

    Director

    Total calculated
    $0
    Hours/week
    5
  • Bodi Luse

    Director

    Total calculated
    $0
    Hours/week
    5
  • Sarah Rahman

    Director

    Total calculated
    $0
    Hours/week
    5
  • Penny Weeks

    Director

    Total calculated
    $0
    Hours/week
    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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
10 May 2024
IRS schema version
2023v5.1
Source object
202402489349301510

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

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