COREY C GRIFFIN CHARITABLE FOUNDATION

EIN: 471976181 501(c)(3) Philanthropy & Grantmaking

FRAMINGHAM, MA

Total Revenue
$4,064,209
Total Expenses
$1,869,012
Total Assets
$18,732,683
Net Assets
$17,809,355
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MA
Principal Officer
CHANDRA CLARK
Phone
6178558789
Tax Period
2023-01-01 to 2023-12-31

COREY C GRIFFIN CHARITABLE FOUNDATION, founded in 2014, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.1M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $2.2M, a strong 54% operating margin.

Mission

FOLLOWING COREY'S TRAGIC PASSING ON AUGUST 16TH, 2014, THE GRIFFIN FAMILY AND CLOSE FRIENDS FOUNDED THE COREY C. GRIFFIN CHARITABLE FOUNDATION.GIVEN HIS INCREDIBLE PASSION FOR LIFE AND UNCOMMON DEDICATION TO PHILANTHROPY, IT WAS NOT DIFFICULT TO MAP OUT THE GUIDING PRINCIPLE OF THE FOUNDATION: IMPROVING THE LIVES OF PRIMARILY BOSTON-AREA CHILDREN THROUGH STRATEGIC PARTNERSHIPS WITH THE CITY'S LEADING EDUCATIONAL AND HEALTHCARE INSTITUTIONS, WITH AN EMPHASIS ON FAITH-BASED INITIATIVES. WE BELIEVE THAT EVERY CHILD SHOULD HAVE THE OPPORTUNITY TO SUCCEED, IRRESPECTIVE OF THEIR FINANCIAL OR HEALTH CIRCUMSTANCES.

Program Service Accomplishments

Program 1
Expenses: $1,237,159

"COREY'S KIDS" IS THE TERM USED FOR THE KIDS OF COREY'S THAT HIS PARENTS WILL NEVER HAVE THE OPPORTUNITY TO MEET. COREY'S KIDS INCLUDES THOSE THAT BENEFIT FROM COREY'S KIDS CHRISTMAS, THROUGH BOSTON...

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"COREY'S KIDS" IS THE TERM USED FOR THE KIDS OF COREY'S THAT HIS PARENTS WILL NEVER HAVE THE OPPORTUNITY TO MEET. COREY'S KIDS INCLUDES THOSE THAT BENEFIT FROM COREY'S KIDS CHRISTMAS, THROUGH BOSTON CHILDREN'S HOSPITAL INITIATIVES, AND THOSE THAT BENEFIT FROM THE VARIOUS OTHER GRANTS. "COREY'S KIDS" REFER TO ANYONE BENEFITTING FROM THE ASSISTANCE. THE ORGANIZATION MAKES GRANTS TO 8 STRATEGIC PARTNERS WITH A FOCUS ON EDUCATION, LEADERSHIP, CHARACTER DEVELOPMENT, PHYSICAL AND MENTAL HEALTH. THE EIGHT PARTNERS THE ORGANIZATION GRANTS TO ARE RON BURTON TRAINING VILLAGE, BOSTON CHILDRENS HOSPITAL, FRANCISCAN CHILDREN'S HOSPITAL, LAWRENCE CATHOLIC ACADEMY, CAMPAIGN FOR CATHOLIC SCHOOLS, MY BROTHER'S KEEPER, BOSTON PAL, AND THE ACHIEVE PROGRAM AT NOBLES. FOR 2023, THE GRANTS TO THESE ORGANIZATIONS TOTALED $786,000.IN ADDITION, THE ORGANIZATION PURCHASED CHROMEBOOKS, JBL HEADPHONES AND WINTER JACKETS FOR APPROXIMATELY 2000 KIDS IN NEED.THE OVERALL IMPACT OF COREY'S KIDS IS APPROXIMATELY 10,000 KIDS ANNUALLY.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,955,408
Program Service Revenue $0
Investment Income $494,666
Other Revenue $-385,865
TOTAL REVENUE $4,064,209

Expense Breakdown

Grants Paid $1,008,409
Salaries & Benefits $198,874
Fundraising Expenses $274,377
Program Expenses $1,237,159
Other Expenses $661,729
TOTAL EXPENSES $1,869,012

Year-over-Year Comparison

2023 2022 Change
Revenue $4,064,209 $4,698,118 -0.1%
Expenses $1,869,012 $1,536,799 +0.2%
Net Income $2,195,197 $3,161,319 -0.3%
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
21
Independent Members
21
Employees
1
Volunteers
150

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
3
$180,000
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COREY A GRIFFIN BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
JOSEPH ZINK TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT E GRIFFIN JR EX OFFICIO DIRECTOR 1.00
Director
$0 $0 $0
CATHLEEN A GRIFFIN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL P GRIFFIN DIRECTOR 1.00
Director
$0 $0 $0
CASEY GIUDICELLI DIRECTOR 1.00
Director
$0 $0 $0
JEFF SCHWARTZ DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL GREELEY DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY AIELLO DIRECTOR 1.00
Director
$0 $0 $0
BRYAN GIUDICELLI DIRECTOR 1.00
Director
$0 $0 $0
THOMAS GREELEY DIRECTOR 1.00
Director
$0 $0 $0
JAY CALNAN DIRECTOR 1.00
Director
$0 $0 $0
ALEX BAIN DIRECTOR 1.00
Director
$0 $0 $0
ADAM REASONER DIRECTOR 1.00
Director
$0 $0 $0
STEVE ALIBRANDI DIRECTOR 1.00
Director
$0 $0 $0
ELLEN CROWLEY DIRECTOR 1.00
Director
$0 $0 $0
ZACHARY CRUMP DIRECTOR 1.00
Director
$0 $0 $0
SOPHIE GRIFFIN DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW SLATER DIRECTOR 1.00
Director
$0 $0 $0
COURTNEY GRIFFIN DIRECTOR 1.00
Director
$0 $0 $0
CHRIS SABO DIRECTOR 1.00
Director
$0 $0 $0
CHANDRA CLARK EXECUTIVE DIRECTOR 40.00
Officer
$174,075 $5,925 $180,000
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 $4,064,209 $1,869,012 $18,732,683 $2,195,197
2022 $4,698,118 $1,536,799 $15,165,837 $3,161,319
2021 $5,178,493 $1,202,244 $13,543,276 $3,976,249
2020 $3,603,061 $619,026 $8,836,533 $2,984,035
2019 $2,476,810 $1,558,781 $5,855,613 $918,029
2018 $1,493,480 $345,714 $5,063,605 $1,147,766
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