THE RED SOX FOUNDATION INC

EIN: 331007984 501(c)(3) Philanthropy & Grantmaking

BOSTON, MA

Total Revenue
$10,674,742
Total Expenses
$9,458,980
Total Assets
$23,721,955
Net Assets
$19,417,439
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MA
Principal Officer
REBEKAH SALWASSER
Phone
6172266440
Tax Period
2023-01-01 to 2023-12-31

THE RED SOX FOUNDATION INC, founded in 2002, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $10.7M in total revenue in fiscal year 2023. Expenses of $9.5M left a modest 11% surplus.

Mission

THE RED SOX FOUNDATION'S MISSION IS TO HARNESS THE PASSION OF RED SOX NATION TO MAKE A DIFFERENCE IN THE LIVES OF CHILDREN, VETERANS, FAMILIES AND (CONTINUED ON SCHEDULE O)

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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 $11,943,647
Program Service Revenue $0
Investment Income $448,890
Other Revenue $-1,717,795
TOTAL REVENUE $10,674,742

Expense Breakdown

Grants Paid $7,011,543
Salaries & Benefits $1,354,638
Fundraising Expenses $590,035
Program Expenses $8,378,642
Other Expenses $1,092,799
TOTAL EXPENSES $9,458,980

Year-over-Year Comparison

2023 2022 Change
Revenue $10,674,742 $10,004,314 +0.1%
Expenses $9,458,980 $9,207,177 +0.0%
Net Income $1,215,762 $797,137 +0.5%
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
9
Independent Members
5
Employees
57
Volunteers
800

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
4
$2,300,582
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY ZUE TREASURER 5.0
Officer
$0 $63,645 $928,645
DAVID FRIEDMAN secretary/clerk 12.0
Officer
$182,617 $59,829 $720,454
REBEKAH SALWASSER EXECUTIVE DIRECTOR 24.0
Officer
$370,585 $51,803 $651,483
TYLER M PETROPULOS director of devt. & comms. 40.0
Highest
$174,111 $35,214 $209,325
LIDIA ZAYAS ASST DIRECTOR OF PROGRAMS 40.0
Highest
$135,060 $32,473 $167,533
THOMAS WERNER PRESIDENT/CHAIRMAN 1.0
Officer Director
$0 $0 $0
MAVERICK CARTER director/board member 1.0
Director
$0 $0 $0
CHARLES GIFFORD DIRECTOR/BOARD MEMBER 1.0
Director
$0 $0 $0
LINDA PIZZUTI HENRY Director/Board Member 1.0
Director
$0 $0 $0
BRIDGET TERRY LONG Director/Board Member 1.0
Director
$0 $0 $0
SEAN MCGRAIL Director/Board Member 1.0
Director
$0 $0 $0
KATIE BURKE Director/Board Member 1.0
Director
$0 $0 $0
LINDA WHITLOCK Director/Board Member 1.0
Director
$0 $0 $0
COREY THOMAS DIRECTOR/BOARD MEMBER 1.0
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 $10,674,742 $9,458,980 $23,721,955 $1,215,762
2022 $10,004,314 $9,207,177 $17,931,607 $797,137
2021 $7,450,414 $6,207,003 $19,048,615 $1,243,411
2020 $5,190,168 $5,742,833 $16,479,340 $-552,665
2019 $10,342,907 $10,601,855 $16,612,666 $-258,948
2018 $9,457,487 $8,400,587 $13,952,000 $1,056,900
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