PHILANTHROPY MASSACHUSETTSINC

EIN: 042457605 501(c)(3) Philanthropy & Grantmaking

BOSTON, MA

Total Revenue
$5,509,630
Total Expenses
$4,715,953
Total Assets
$5,517,586
Net Assets
$4,724,272
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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
MA
Principal Officer
MARY SKELTON ROBERTS
Phone
6174262606
Tax Period
2023-01-01 to 2023-12-31

PHILANTHROPY MASSACHUSETTSINC, founded in 1969, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.5M in total revenue in fiscal year 2023. Expenses of $4.7M left a modest 14% surplus.

Mission

TO PROMOTE THE PRACTICE AND EXPANSION OF EFFECTIVE AND RESPONSIBLE PHILANTHROPY TO IMPROVE THE HEALTH AND VITALITY OF THE REGION.

Program Service Accomplishments

Program 1
Expenses: $1,333,383

SUMMER FUND: THE SUMMER FUND SUPPORTED OVER 60 NONPROFITS OPERATING OVER 100 SUMMER CAMP AND PROGRAM SITES. IN 2023, THE FUND SUPPORTED YOUTH THROUGH THREE DISTINCT GRANT PROGRAMS, INCLUDING GENERAL...

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SUMMER FUND: THE SUMMER FUND SUPPORTED OVER 60 NONPROFITS OPERATING OVER 100 SUMMER CAMP AND PROGRAM SITES. IN 2023, THE FUND SUPPORTED YOUTH THROUGH THREE DISTINCT GRANT PROGRAMS, INCLUDING GENERAL OPERATING GRANTS, A HOMELESS CAMPERSHIP FUND, AND A MENTAL HEALTH INFRASTRUCTURE FUND.

Program 2
Expenses: $689,983 Revenue: $57,905

MEMBER SERVICES: DURING 2023, PHILANTHROPY MASSACHUSETTS PROVIDED ITS FUNDER MEMBERS AND THE FUNDING COMMUNITY WITH A RANGE OF VIRTUAL PROGRAM OFFERINGS COVERING MULTIPLE TOPICS AND REGIONS. OVER...

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MEMBER SERVICES: DURING 2023, PHILANTHROPY MASSACHUSETTS PROVIDED ITS FUNDER MEMBERS AND THE FUNDING COMMUNITY WITH A RANGE OF VIRTUAL PROGRAM OFFERINGS COVERING MULTIPLE TOPICS AND REGIONS. OVER 2,000 PARTICIPANTS ATTENDED PROGRAMS ON TOPICS INCLUDING: REGIONAL VIRTUAL MEETINGS, A POWER AND EQUITY SERIES, PHILANTHROPY 101, MA ARTS FUNDERS NETWORK, MA COMMUNITY FOUNDATION PARTNERSHIP, PROGRAM STAFF LEARNING NETWORK, BEHAVIORAL HEALTH FUNDERS, CFO NETWORK, TRUSTEES, CORPORATE FUNDERS, AND FAMILY FOUNDATION CEOS. RESOURCE STAFF PROVIDED CUSTOMIZED RESEARCH FOR FUNDER MEMBERS.

Program 3
Expenses: $1,921,360 Revenue: $117,588

FISCAL SPONSORSHIP ACTIVITIES: PHILANTHROPY MASSACHUSETTS PROVIDES GENERAL FINANCIAL MANAGEMENT THAT INCLUDES ACCOUNTS RECEIVABLE, ACCOUNTS PAYABLE, PROVIDING PERIODIC STATEMENTS OF THE ACCOUNT, AND...

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FISCAL SPONSORSHIP ACTIVITIES: PHILANTHROPY MASSACHUSETTS PROVIDES GENERAL FINANCIAL MANAGEMENT THAT INCLUDES ACCOUNTS RECEIVABLE, ACCOUNTS PAYABLE, PROVIDING PERIODIC STATEMENTS OF THE ACCOUNT, AND HANDLING ALL STATE AND FEDERAL FILINGS TO INCORPORATED AND UNINCORPORATED ENTITIES OPERATING FOR CHARITABLE PURPOSES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,972,049
Program Service Revenue $387,282
Investment Income $150,299
Other Revenue $0
TOTAL REVENUE $5,509,630

Expense Breakdown

Grants Paid $1,605,751
Salaries & Benefits $1,089,470
Fundraising Expenses $186,610
Program Expenses $4,200,698
Other Expenses $2,020,732
TOTAL EXPENSES $4,715,953

Year-over-Year Comparison

2023 2022 Change
Revenue $5,509,630 $5,120,194 +0.1%
Expenses $4,715,953 $4,851,029 0.0%
Net Income $793,677 $269,165 +1.9%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
25
Independent Members
22
Employees
14
Volunteers
26

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$392,650
Total Directors
28
$392,650
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY POULOS CEO 40.00
Officer Director
$128,474 $16,766 $145,240
ALEXANDER MCCRAY INTERIM CO-ED 40.00
Officer Director
$117,978 $16,092 $134,070
JESSICA BERNS INTERIM CO-ED 40.00
Officer Director
$106,673 $6,667 $113,340
PETER TAYLOR CHAIR 1.30
Officer Director
$0 $0 $0
PRENTICE ZINN VICE CHAIR 1.30
Officer Director
$0 $0 $0
ROB ZACCARDI TREASURER 1.30
Officer Director
$0 $0 $0
KAREN GILL ASST. TREASURER 1.30
Officer Director
$0 $0 $0
JAY KIM CLERK 1.00
Officer Director
$0 $0 $0
ERIC ESTEVES AT LARGE EXEC COMM 1.00
Officer Director
$0 $0 $0
GILES LI VICE CHAIR (UNTIL 9/2023) 1.30
Officer Director
$0 $0 $0
KATE GRUNDY AT LARGE EXEC COMM (UNTIL 9/2023) 1.30
Officer Director
$0 $0 $0
AUDREY SHELTO PAST CHAIR 1.00
Director
$0 $0 $0
DAN ARDITO DIRECTOR 1.00
Director
$0 $0 $0
KATE CARNEY DIRECTOR 1.00
Director
$0 $0 $0
LIANA KRUPP DIRECTOR 1.00
Director
$0 $0 $0
JAMIE MAGUIRE DIRECTOR 1.00
Director
$0 $0 $0
ALI MATHIAS DIRECTOR 1.00
Director
$0 $0 $0
KRISTIN O'MALLEY DIRECTOR 1.00
Director
$0 $0 $0
NATANJA CRAIG OQUENDO DIRECTOR 1.00
Director
$0 $0 $0
GEETA PRADHAN DIRECTOR 1.00
Director
$0 $0 $0
SONIA SHAH DIRECTOR 1.00
Director
$0 $0 $0
AMIE SHEI DIRECTOR 1.00
Director
$0 $0 $0
ALEXANDRA PINEROS SHIELDS DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA SOBALVARRO DIRECTOR 1.00
Director
$0 $0 $0
BRYAN SPENCE DIRECTOR 1.00
Director
$0 $0 $0
NANCY STAGER DIRECTOR 1.00
Director
$0 $0 $0
MARQUIS VICTOR DIRECTOR 1.00
Director
$0 $0 $0
JOSIE GREENE DIRECTOR (UNTIL 9/2023) 1.30
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $5,509,630 $4,715,953 $5,517,586 $793,677
2022 $5,120,194 $4,851,029 $4,841,096 $269,165
2021 $4,531,233 $4,379,097 $3,861,413 $152,136
2020 $4,159,248 $3,723,546 $3,592,306 $435,702
2019 $2,777,255 $2,057,731 $3,135,915 $719,524
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