THE MARK WAHLBERG YOUTH FOUNDATION INC

EIN: 043567369 501(c)(3) Human Services

NEEDHAM, MA

Total Revenue
$2,796,417
Total Expenses
$1,585,058
Total Assets
$3,110,460
Net Assets
$3,038,253
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MA
Principal Officer
MARK WAHLBERG
Phone
6174541125
Tax Period
2023-01-01 to 2023-12-31

THE MARK WAHLBERG YOUTH FOUNDATION INC, founded in 2001, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 43% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $558,370 Revenue: $0

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...

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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.

Program 2
Expenses: $162,705 Revenue: $0

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...

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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.

Program 3
Expenses: $707,639 Revenue: $0

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...

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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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,746,889
Program Service Revenue $0
Investment Income $49,528
Other Revenue $0
TOTAL REVENUE $2,796,417

Expense Breakdown

Grants Paid $1,383,006
Salaries & Benefits $145,924
Fundraising Expenses $87,686
Program Expenses $1,428,714
Other Expenses $56,128
TOTAL EXPENSES $1,585,058

Year-over-Year Comparison

2023 2022 Change
Revenue $2,796,417 $1,721,520 +0.6%
Expenses $1,585,058 $1,211,067 +0.3%
Net Income $1,211,359 $510,453 +1.4%
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
10
Independent Members
8
Employees
2
Volunteers
20

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
2
$75,000
Total Directors
10
$75,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK WAHLBERG PRES, TREAS, SECR, DIR 2.00
Officer Director
$0 $0 $0
JAMES WAHLBERG EXECUTIVE DIRECTOR/DIRECTOR 40.00
Officer Director
$75,000 $0 $75,000
MICHAEL JOYCE DIRECTOR 5.00
Director
$0 $0 $0
ROBERT SCANNELL JR DIRECTOR 5.00
Director
$0 $0 $0
STEPHEN LEVINSON DIRECTOR 5.00
Director
$0 $0 $0
SHEILA JAFFE DIRECTOR 5.00
Director
$0 $0 $0
ROSE CORTINA DIRECTOR 5.00
Director
$0 $0 $0
MICHAEL DONKIS DIRECTOR 5.00
Director
$0 $0 $0
JASON SLOANE ESQ DIRECTOR 5.00
Director
$0 $0 $0
MIKE ROTONDI DIRECTOR 5.00
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 $2,796,417 $1,585,058 $3,110,460 $1,211,359
2022 $1,721,520 $1,211,067 $1,939,783 $510,453
2021 $1,114,263 $756,249 $1,341,201 $358,014
2020 $1,128,554 $1,060,929 $981,802 $67,625
2019 $1,411,611 $1,713,277 $1,036,407 $-301,666
2018 $1,303,278 $2,346,477 $1,287,273 $-1,043,199
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