THE MAX WARBURG COURAGE CURRICULUM INC

EIN: 043256902 501(c)(3) Education

BOSTON, MA

Total Revenue
$331,832
Total Expenses
$458,871
Total Assets
$1,113,432
Net Assets
$1,103,984
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MA
Principal Officer
FREDERICK WARBURG
Phone
6173737399
Tax Period
2024-07-01 to 2025-06-30

THE MAX WARBURG COURAGE CURRICULUM INC, founded in 1995, is a small nonprofit in the Education sector that reported $332K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $459K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO HONOR THE MEMORY OF MAX WARBURG BY STRENGTHENING THE CHARACTER DEVELOPMENT AND LITERACY SKILLS OF STUDENTS AND EMPOWERING THEM TO RECOGNIZE THE ROLE OF COURAGE IN THEIR OWN LIFE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $253,907
Program Service Revenue $0
Investment Income $76,589
Other Revenue $1,336
TOTAL REVENUE $331,832

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $277,107
Fundraising Expenses $96,737
Program Expenses $281,660
Other Expenses $161,764
TOTAL EXPENSES $458,871

Year-over-Year Comparison

2024 2023 Change
Revenue $331,832 $435,351 -0.2%
Expenses $458,871 $409,603 +0.1%
Net Income $-127,039 $25,748 -5.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
3
Volunteers
175

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
6
$128,853
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE WARBURG FOUNDER AND BOARD CHAIR 1.00
Officer Director
$0 $0 $0
FREDERICK WARBURG VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KRISTEN SULLIVAN MCENTYRE SECRETARY 1.00
Officer Director
$0 $0 $0
LYNDA SCHWEITZER WOOD TREASURER THRU 02/25 1.00
Officer Director
$0 $0 $0
AMANDA BRADFORD BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
ANN OGILVIE MACDONALD BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
ASTRID BURNS BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
CJ HACKER BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
CLAYTON SCHULLER BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
COCO CUGAT BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
DIANE SCHMALANSEE BOARD OF TRUSTEES THRU 04/25 1.00
Director
$0 $0 $0
ELIZABETH EVANS D'ASCENSAO BOARD OF TRUSTEES THRU 08/24 1.00
Director
$0 $0 $0
JANE SKELTON BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
JOYCE LAWRENCE BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
MADELINE PASEK BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
MARSHA MACLEAN BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
MIMI NEAL EGER BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
MOLLY STOUT BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
RYAN NAPLES BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
SAM PLIMPTON BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
SASHA RAUCH-KELLY BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
TINA RATHBORNE BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
HALLEY LE BRETON EXECUTIVE DIRECTOR AS OF 01/25 40.00
Officer
$0 $0 $0
CARRIE COUGHLIN EXECUTIVE DIRECTOR THRU 01/25 40.00
Officer
$125,100 $3,753 $128,853
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
2025 $331,832 $458,871 $1,113,432 $-127,039
2024 $435,351 $409,603 $1,223,475 $25,748
2023 $424,892 $413,164 $1,133,725 $11,728
2022 $407,423 $332,953 $1,019,048 $74,470
2021 $298,388 $297,035 $1,074,893 $1,353
2020 $575,826 $356,135 $905,140 $219,691
2019 $323,409 $350,440 $902,035 $-27,031
2018 $325,259 $337,635 $899,866 $-12,376
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