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Nonprofiteer
← PAN-MASSACHUSETTS CHALLENGE INC

Form 990 for tax year 2022

Filed by PAN-MASSACHUSETTS CHALLENGE INC.

Totals

Total revenue
$73,689,314
Total expenses
$74,415,516
Contributions and grants received
$68,337,885
Grants paid
$69,000,000
Program services expenses (Part IX)
$69,000,000
Management and general expenses
$3,767,657
Fundraising expenses
$1,647,859
Program service expenses (Part III)
$69,000,000

Program services were 92.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CAREN DEARDORF

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ASCIONE

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT SMITH

    CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM STARR

    EXECUTIVE DIR./DIR.

    Total calculated
    $1,002,293
    From this org
    $938,798
    From related orgs
    $0
    Other
    $63,495
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $514,752
    Bonus
    $370,000
    Other
    $54,046
    Deferred
    $40,500
    Nontaxable benefits
    $22,995
    Filer's total
    $1,002,293

  • BEKAH SALWASSER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID FIALKOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN GILULA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSH BEKENSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LOIS CORNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELANY DUVAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL DEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RENE JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SETTI WARREN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN BROGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JARRETT COLLINS

    PRESIDENT

    Total calculated
    $352,730
    From this org
    $309,704
    From related orgs
    $0
    Other
    $43,026
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $224,704
    Bonus
    $85,000
    Other
    $0
    Deferred
    $22,875
    Nontaxable benefits
    $20,151
    Filer's total
    $352,730

  • MICHELE SOMMER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $251,113
    From this org
    $228,966
    From related orgs
    $0
    Other
    $22,147
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $206,188
    Bonus
    $22,778
    Other
    $0
    Deferred
    $17,083
    Nontaxable benefits
    $5,064
    Filer's total
    $251,113

  • DAVID HELLMAN

    SENIOR VP IT & OPERATIONS

    Total calculated
    $218,794
    From this org
    $201,589
    From related orgs
    $0
    Other
    $17,205
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $181,256
    Bonus
    $20,333
    Other
    $0
    Deferred
    $15,250
    Nontaxable benefits
    $1,955
    Filer's total
    $218,794

  • WILLIAM ALFANO

    DIR OF MKTG & STRAT PSHIPS

    Total calculated
    $225,792
    From this org
    $185,779
    From related orgs
    $0
    Other
    $40,013
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $165,779
    Bonus
    $20,000
    Other
    $0
    Deferred
    $14,705
    Nontaxable benefits
    $25,308
    Filer's total
    $225,792

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

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
WILLIAM STARR RECEIVES CAR AND LIFE INSURANCE ALLOWANCES WHICH ARE GROSSED UP. THESE ALLOWANCES INCLUSIVE OF THE GROSS UP ARE INCLUDED IN TAXABLE COMPENSATION.
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization
FOR 2022, WILLIAM STARR AND JARRETT COLLINS WERE PAID BASE SALARIES, AND THEY RECEIVED BONUSES BASED ON THE PERFORMANCE OF THE PAN MASSACHUSETTS CHALLENGE FOR 2022, AS MEASURED BY THE SIZE OF ITS DONATION TO THE DANA-FARBER CANCER INSTITUTE (DFCI) THAT YEAR FOR CANCER RESEARCH. AS IN PRIOR YEARS, THE DONATION WAS DETERMINED BY THE PAN MASSACHUSETTS CHALLENGE BOARD OF DIRECTORS (MR. STARR AND MR. COLLINS WERE NOT PRESENT FOR, AND DID NOT PARTICIPATE IN, THE VOTE). THEIR BONUS COMPENSATION FORMULA WAS DESIGNED, AMONG OTHER THINGS, TO MAXIMIZE THE ORGANIZATION'S FUNDRAISING EFFICIENCY; AND HELPED THE PAN MASSACHUSETTS CHALLENGE TO, AGAIN, DONATE 100% OF RIDER-RAISED FUNDS RECEIVED IN THE CURRENT YEAR TO DFCI. (THE PAN MASSACHUSETTS CHALLENGE BUDGET IS UNDERWRITTEN BY SPONSORSHIP PAYMENTS, AUXILIARY REVENUE AND BIKE-A-THON REGISTRATION FEES.) WILLIAM STARR'S COMPENSATION CONSISTS OF AN ANNUAL BASE SALARY OF $514,752 AND A BONUS BASED ON THE AMOUNT THE PAN MASSACHUSETTS CHALLENGE DONATES FOR THE YEAR. HE RECEIVED A BONUS OF $370,000 IN 2022. JARRETT COLLINS' COMPENSATION CONSISTS OF A BASE SALARY OF $224,704 AND A BONUS OF $85,000 WHICH IS BASED ON THE AMOUNT THE PAN MASSACHUSETTS CHALLENGE DONATES FOR THE YEAR. DAVID HELLMAN'S COMPENSATION CONSISTS OF A BASE SALARY OF $181,256 AND A BONUS IN THE AMOUNT OF $20,333. WILLIAM ALFANO'S COMPENSATION CONSISTS OF A BASE SALARY OF $165,779 AND A BONUS IN THE AMOUNT OF $20,000. MICHELE SOMMER'S COMPENSATION CONSISTS OF A BASE SALARY OF $206,188 AND A BONUS IN THE AMOUNT OF $22,778. BONUSES FOR DAVID HELLMAN, WILLIAM ALFANO, MICHELE SOMMER, AND JARRETT COLLINS ARE AWARDED BASED 50% ON INDIVIDUAL PERFORMANCE EVALUATIONS AND 50% ON ORGANIZATION PERFORMANCE.
Schedule J, Part I, Line 2 SUBSTANTIATION REQUIREMENT FOR LINE 1A ITEMS
ORGANIZATION DID NOT REQUIRE SUBSTANTIATION PRIOR TO REIMBURSING OR ALLOWING EXPENSES INCURRED BECAUSE GROSS-UP PAYMENTS WERE ALLOWANCES AND SUCH SUBSTANTIATION IS NOT NEEDED FOR ALLOWANCES.

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

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202323109349302302

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