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Nonprofiteer
← MARK WAHLBERG YOUTH FOUNDATION INC

Form 990 for tax year 2022

Filed by MARK WAHLBERG YOUTH FOUNDATION INC.

Totals

Total revenue
$1,721,520
Total expenses
$1,211,067
Contributions and grants received
$1,720,053
Grants paid
$1,044,263
Program service revenue
$0
Investment income
$1,467
Other revenue
$0
Total assets, end of year
$1,939,783
Total liabilities, end of year
$112,889
Net assets or fund balances, end of year
$1,826,894
Program services expenses (Part IX)
$1,084,623
Management and general expenses
$62,078
Fundraising expenses
$64,366
Program service expenses (Part III)
$1,084,623

Program services were 89.6% 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.

  • 1f · All other contributions, gifts and grants

    $1,720,053

  • 1g · Noncash contributions included above

    $146,639

  • 3 · Investment income

    total $1,467 · excluded $1,467

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,044,263 · program services $1,044,263

  • 5 · Compensation of officers, directors and key employees

    total $75,000 · program services $18,750 · management and general $18,750 · fundraising $37,500

  • 7 · Other salaries and wages

    total $40,000 · program services $10,000 · management and general $10,000 · fundraising $20,000

  • 10 · Payroll taxes

    total $9,330 · program services $2,333 · management and general $2,333 · fundraising $4,664

  • 11c · Fees: accounting

    total $18,300 · management and general $18,300

  • 13 · Office expenses

    total $10,004 · program services $1,166 · management and general $6,975 · fundraising $1,863

  • 14 · Information technology

    total $2,348 · management and general $2,154 · fundraising $194

  • 17 · Travel

    total $8,256 · program services $8,111 · fundraising $145

  • 23 · Insurance

    total $2,986 · management and general $2,986

  • 24a · Other expenses: FILING AND REGISTRATION

    total $580 · management and general $580

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $864,742 · end of year $822,147

  • 2 · Savings and temporary cash investments

    beginning of year $345,238 · end of year $346,704

  • 3 · Pledges and grants receivable

    beginning of year $131,221 · end of year $770,932

  • 10a · Land, buildings and equipment: cost or other basis

    $4,671

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,671

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,760 · end of year $2,889

  • 18 · Grants payable

    beginning of year $0 · end of year $110,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,020,441 · end of year $1,426,894

  • 28 · Net assets with donor restrictions

    beginning of year $296,000 · end of year $400,000

Mission and programs · 2022

Mission

THE MISSION OF THE MARK WAHLBERG YOUTH FOUNDATION IS TO ASSIST YOUTH TO ENSURE THAT NO CHILD IS LIMITED OR PREVENTED FROM ATTAINING THEIR LIFETIME GOAL OR DREAM DUE TO FINANCIAL CIRCUMSTANCES.

Activities or mission (Part I)

TO PROVIDE ASSISTANCE TO YOUTH WHO ARE POOR OR UNDERPRIVILEGED.

  • YOUTH SUPPORT AND SUMMER CAMP PROGRAMS: SINCE 2004, THE MWYF PROVIDES GRANTS TO ORGANIZATIONS THAT RUN CAMPS SUCH AS "CAMP NORTHBOUND", A ONE-WEEK RECREATIONAL SUMMER CAMP IN BRIDGESTONE, ME. THE CAMP SERVES 150 YOUTH EACH YEAR FROM BOSTON, AND ALSO ENGAGES ALUMNI CAMPERS, HIRING THEM AS JUNIOR COUNSELORS FOR THE WEEK. THE MWYF ALSO PROVIDES GRANTS TO MOVING MOUNTAINS, AN ORGANIZATION THAT USES ART EDUCATION TO EMPOWER YOUNG PEOPLE TO MAKE WISE CHOICES AND OVERCOME ADVERSITY. THE MWYF ALSO HOSTS AN ANNUAL HOLIDAY PARTY AND GIFT GIVEAWAY FOR MORE THAN 250 UNDERSERVED YOUTH.

    Expenses $625,125 · Grants $601,863

  • HEALTH/MEDICAL/SUBSTANCE ABUSE/ADVOCACY: THE MWYF SUPPORTS FAMILIES, WOMEN, CHILDREN, AND TEENS BATTLING LIFE THREATENING DISEASES AND MEDICAL ISSUES INCLUDING CANCER, HOMICIDE, SUBSTANCE ABUSE, AND MORE. THE MWYF SUPPORTS THE GAVIN FOUNDATION IN BOSTON, MASS. WHICH PROVIDES SUPPORT FOR THOSE STRUGGLING WITH SUBSTANCE USE DISORDER AND THEIR FAMILIES, ALONG WITH EDUCATIONAL PROGRAMMING AND YOUTH SUBSTANCE USE PREVENTION INITIATIVES. IN ADDITION, MWYF SUPPORTS VARIOUS ORGANIZATIONS WHICH OFFER MEAL ASSISTANCE, CLOTHING AND SUPPORT TO THE HOMELESS AND INNER CITY COMMUNITIES.

    Expenses $121,937 · Grants $117,400

  • SCHOOL SUPPORT AND AFTER-SCHOOL PROGRAMS-THE MWYF IS COMMITTED TO GIVING YOUNG PEOPLE EQUAL ACCESS TO EDUCATION, INCLUDING BUT NOT LIMITED TO, GRANTS WHICH SUPPORT AFTER SCHOOL AND AND SUMMER EDUCATIONAL PROGRAMS. THE MWYF SUPPORTS VARIOUS BOYS & GIRLS CLUBS INCLUDING DORCHESTER, MA, AND GREATER MILWAUKEE, WI. THE FOUNDATION ALSO SUPPORTS THE FIVER FOUNDATION AND OPPORTUNITY NETWORK WHICH PROVIDE PRIVATE SCHOOLING AND EDUCATIONAL OPPORTUNITIES TO LOW-INCOME FAMILIES.

    Expenses $337,561 · Grants $325,000

As filed on the 2022 return.

Listed in Part VII

  • Mark Wahlberg

    PRES, TREAS, SECR, DIR

    Total calculated
    $0
    Hours/week
    2

  • James Wahlberg

    EXECUTIVE DIRECTOR/DIRECTOR

    Total calculated
    $75,000
    From this org
    $75,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael Joyce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Robert Scannell Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Stephen Levinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Sheila Jaffe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Rose Cortina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Michael Donkis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jason Sloane Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Mike Rotondi

    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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349312344

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

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