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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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 OUR COMMUNITIES IN NEED THROUGHOUT NEW ENGLAND BY IMPROVING THEIR HEALTH, EDUCATIONAL AND RECREATIONAL OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $3,526,119 Revenue: $0

RED SOX FOUNDATION AND MGH HOME BASE PROGRAM - THE RED SOX FOUNDATION AND MGH HOME BASE PROGRAM SERVE VETERANS RETURNING FROM IRAQ AND AFGHANISTAN WITH TRAUMATIC BRAIN INJURY OR COMBAT STRESS AND...

Read more

RED SOX FOUNDATION AND MGH HOME BASE PROGRAM - THE RED SOX FOUNDATION AND MGH HOME BASE PROGRAM SERVE VETERANS RETURNING FROM IRAQ AND AFGHANISTAN WITH TRAUMATIC BRAIN INJURY OR COMBAT STRESS AND FAMILIES. THIS PROGRAM PROVIDES CONFIDENTIAL CLINICAL CARE FOR VETERANS, INNOVATIVE TREATMENTS, SUPPORT SERVICES AND COUNSELING FOR WOUNDED VETERANS AND FAMILIES, COMMUNITY OUTREACH AND EDUCATION TO HELP OTHERS RECOGNIZE THESE INJURIES AND CUTTING EDGE RESEARCH. IN ADDITION TO GRANTS TOTALLING OVER $29 MILLION FOR THE PROGRAM, THE RED SOX FOUNDATION ALSO HAS MADE SUBSTANTIAL INVESTMENTS IN STAFF TIME AND IN KIND RESOURCES TO SUPPORT THIS PROGRAM AND HELP PROMOTE IT TO MILITARY AND VETERANS WHO NEED CONFIDENTIALITY AND, IF UNINSURED, FREE CARE FOR TBI AND PTSD. THE RED SOX FOUNDATION WORKS WITH MEDICAL EXPERTS AT MASS GENERAL HOSPITAL WHO PROVIDE DIRECT CARE SERVICES. RED SOX FOUNDATION STAFF ALSO WORK WITH MILITARY AND VETERAN GROUPS AND THEIR FAMILIES TO BREAK THROUGH THE STIGMA THAT OFTEN PREVENTS VETERANS FROM SEEKING THE HELP THEY NEED.

Program 2
Expenses: $441,568 Revenue: $0

RED SOX SCHOLARS - THE RED SOX SCHOLAR PROGRAM PROVIDES MENTORING, ENRICHMENT OPPORTUNITIES, AND COLLEGE SCHOLARSHIPS TO MORE THAN 300 ACADEMICALLY TALENTED LOW-INCOME STUDENTS SELECTED IN BOSTON'S...

Read more

RED SOX SCHOLARS - THE RED SOX SCHOLAR PROGRAM PROVIDES MENTORING, ENRICHMENT OPPORTUNITIES, AND COLLEGE SCHOLARSHIPS TO MORE THAN 300 ACADEMICALLY TALENTED LOW-INCOME STUDENTS SELECTED IN BOSTON'S PUBLIC SCHOOLS WHEN THEY ARE IN 7TH GRADE. THE SCHOLARS WORK WITH THE RED SOX FOUNDATION STAFF THROUGH HIGH SCHOOL. THE GOAL IS TO ENSURE THESE AT-RISK STUDENTS ESCAPE THE INNER CITY'S HIGH SCHOOL DROPOUT RATE AND INSTEAD GRADUATE FROM HIGH SCHOOL AND ARE PREPARED TO ATTEND COLLEGE. THE PROGRAM PROVIDES EACH STUDENT THE PROMISE OF A SCHOLARSHIP RANGING IN VALUE FROM $5,000 TO $10,000 PENDING ENROLLMENT IN AN ACCREDITED COLLEGE AND CITIZENSHIP. THE SCHOLARSHIPS ARE PAID DIRECTLY TO THE COLLEGE OF CHOICE, AND NOT TO THE STUDENTS OR FAMILY MEMBERS. THE RED SOX SCHOLARS ALSO PARTICIPATE IN SPECIAL ACTIVITIES AT FENWAY PARK INCLUDING ATTENDING RED SOX GAMES, COMMUNITY SERVICE, EVENTS WITH PLAYERS AND THEIR WIVES, SKILLS BUILDING, JOB FAIRS (FOR HIGH SCHOOL STUDENTS) AND COLLEGE PREP CLASSES. IN 2010, THE RED SOX SCHOLARS' PROGRAM WAS NATIONALLY RECOGNIZED WHEN THE TEAM WON THE FIRST-EVER COMMISSIONER'S AWARD FOR PHILANTHROPIC EXCELLENCE SPECIFICALLY FOR THE RED SOX SCHOLARS' PROGRAM. THE NEW ENGLAND RED SOX SERVICE SCHOLARSHIPS AWARD COLLEGE SCHOLARSHIPS TO PUBLIC HIGH SCHOOL SENIORS ACROSS NEW ENGLAND WHO DEMONSTRATE ACADEMIC EXCELLENCE AND A COMMITMENT TO COMMUNITY EXCELLENCE AND A COMMITMENT TO COMMUNITY SERVICE. THE FLORIDA RED SOX SERVICE SCHOLARSHIPS AWARD COLLEGE SCHOLARSHIPS TO PUBLIC HIGH SCHOOL SENIORS ACROSS SOUTHWEST FLORIDA WHO DEMONSTRATE ACADEMIC EXCELLENCE AND A COMMITMENT TO COMMUNITY EXCELLENCE AND A COMMITMENT TO COMMUNITY SERVICE.

Program 3
Expenses: $411,238 Revenue: $0

FENWAY PARK LEARNING LAB- THE RED SOX FOUNDATION'S FENWAY PARK LEARNING LAB PROVIDES AN INTERACTIVE, ZERO-COST FIELD TRIP FOR BOSTON PUBLIC SCHOOL'S 6TH GRADES AT FENWAY PARK. THE FIELD TRIP INCLUDES...

Read more

FENWAY PARK LEARNING LAB- THE RED SOX FOUNDATION'S FENWAY PARK LEARNING LAB PROVIDES AN INTERACTIVE, ZERO-COST FIELD TRIP FOR BOSTON PUBLIC SCHOOL'S 6TH GRADES AT FENWAY PARK. THE FIELD TRIP INCLUDES TRANSPORTATION TO AND FROM THE SCHOOL AND FENWAY PARK, AN INFORMATIONAL TOUR THAT INTEGRATES WITH THEIR CURRICULUM, A BACKPACK FULL OF SCHOOL SUPPLIES AND INSTRUCTIONAL MATERIALS, AND LUNCH. THE PROGRAM BRINGS OVER 2000 BPS 6TH GRADERS INTO THE PARK EACH SCHOOL YEAR AND PROVIDES A UNIQUE OPPORTUNITY TO USE FENWAY PARK AS A LEARNING TOOL. THE 90 MINUTE TOUR PROVIDES RICH OPPORTUNITIES TO LEARN STATISTICS, HISTORY, SCIENCE, FINANCIAL LITERACY, AND MORE. THE PROGRAM BEGAN IN 2022 AND IS CURRENTLY IN ITS THIRD YEAR. THE PROGRAM RUNS FROM SEPTEMBER TO JUNE THROUGHOUT THE BOSTON PUBLIC SCHOOL YEAR AND CONDUCTS TOURS APPROXIMATELY ONCE PER WEEK.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
Explore More Nonprofits
Top 100 Nonprofits in Massachusetts Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE RED SOX FOUNDATION INC with other nonprofits in Massachusetts and across the country.