2025-06-25T07:17:21-05:00 2024-12-31 043530932 PAVENTO RATCLIFFE RENZI & CO LLC 391 East Central St Unit 8A Franklin MA 02038 990 2024-01-01 042967537 Massachusetts Budget and Policy Center Inc MASS 6174261228 1 State Street 1250 Boston MA 02109 Viviana Abreu-Hernandez President 6174261228 2025-06-20 1 0 John A Ratcliffe P00551279 5085533091 2025-06-20 2024 2025-03-06 01:10:19Z Viviana M Abreu-Hernandez 1 State Street 1250 Boston MA 02109 3616490 0 X www.massbudget.org X 1987 MA MassBudget is a leading think tank advancing equitable policy solutions that create an inclusive, thriving Commonwealth. 10 10 18 16 0 0 2550762 3432879 10500 120725 16727 54861 0 -3745 2577989 3604720 692950 794325 0 0 1634406 1750789 0 0 269296 532904 555196 2860260 3100310 -282271 504410 3384012 3820592 378113 310283 3005899 3510309 MassBudget is a leading think tank advancing equitable policy solutions that create an inclusive, thriving Commonwealth. 0 0 2596284 794325 128750 To provide independent research and analysis of the state budget and tax policies and economic issues that affect low- and moderate-income people in Massachusetts. 2596284 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 18 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X Viviana Abreu-Hernandez 6174261228 1 State Street Boston MA 02109 X Glenn Parker Director & Treasurer 1.00 X X 0 0 0 Alexandra Pineros-Shields Director & Board Chair 1.00 X X 0 0 0 Carol Kamin Director 1.00 X 0 0 0 Jacqueline Johnson Director 1.00 X 0 0 0 Dolores Thibault-Munoz Director 1.00 X 0 0 0 Peter Enrich Director 1.00 X 0 0 0 Michael Dukakis Director 1.00 X 0 0 0 Myron Miller Director 1.00 X 0 0 0 Marlishia Aho Director & Clerk/Vice Chai 1.00 X X 0 0 0 Eric Nakajima Director 1.00 X 0 0 0 Viviana Abreu-Hernandez President starting 8/1/24 35.00 X 73893 0 11869 Phineas Baxandall President through 7/31/24 35.00 X 152083 0 28241 Jennifer Das Communications Director 35.00 X 117440 0 35990 Gregg Grenier VP of Operations 35.00 X 114393 0 6421 Colin Jones Dep Policy Director 35.00 X 118000 0 34285 Chelsea Sedani Director of Advocacy 35.00 X 100693 0 33420 676502 0 150226 5 0 1 0 0 14000 3418879 3432879 Research projects 611710 100250 100250 Program services 611710 20475 20475 120725 54861 54861 8025 14000 11770 -3745 -3745 3604720 120725 0 51116 794325 794325 266084 200377 27756 37951 1113583 818691 131348 163544 54863 40759 6346 7758 201095 180322 -1161 21934 115164 85983 12687 16494 12323 12323 46674 46674 169607 156107 13500 20301 18440 329 1532 128121 128121 16054 11255 2474 2325 15650 13917 1392 341 2923 2923 5110 3045 2065 Education & Training 60472 59754 559 159 Telephone & Communicati 38027 34932 3095 Fees 31384 26625 4096 663 Equipment costs 7585 7585 965 800 165 3100310 2596284 234730 269296 1241657 1069086 1123250 1843637 44162 58856 64243 59461 7705 4782 967238 844231 3384012 3820592 98989 140416 13750 279124 156117 378113 310283 X 736935 739178 2268964 2771131 3005899 3510309 3384012 3820592 504410 0 X 0 1 X 1 0 X 1654496 3518832 3033453 2561262 3561629 14329672 1654496 3518832 3033453 2561262 3561629 14329672 7818270 6511402 10786 4166 1200 16727 54861 87740 14417412 0.45160 0.50280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 350 92525 92875 3019205 3112080 305604 76401 0 0 250094 298863 293013 305604 1147574 1721361 29106 39394 35174 92875 196549 62524 74716 73253 76401 286894 430341 427 240 350 1017 20460 15777 4683 20619 20619 0 23164 23065 99 4782 Cash reserve, board designated 678327 Deposit 9787 Right to use asset-operating lease 156117 844231 Right to use asset-lease liability 156117 156117 3616490 11770 11770 3604720 0 3604720 3112080 11770 11770 3100310 0 3100310 Part XI, Line 2d - Other Adjustments: Fundraising event direct expenses net with revenue Part XII, Line 2d - Other Adjustments: Fundraising event direct expenses included on revenue schedule Fundraising Welcome Party 22025 14000 8025 11770 22025 14000 8025 11770 11770 -3745 1 Asian American Resource Workshop 42 Charles St Suite A Dorchester MA 02122 042707980 501(c)(3) 15000 0 Delivering on Equity-Engagement for Tax Equity Ayni Institute IncNUBE 19 Meridian St Suite 3 East Boston MA 02128 812119468 501(c)(3) 15000 0 Delivering on Equity-Engagement for Tax Equity Boston Medical Center 801 Albany St Boston MA 02119 043314093 501(c)(3) 29600 0 Advocacy for tax credits that support families Brockton Interfaith Community Inc 1350 Pleasant St Brockton MA 02301 223135464 501(c)(3) 10000 0 Delivering on Equity-Engagement for Tax Equity Coalition for a Better Acre 517 Moody St 3rd Fl Lowell MA 01854 042760272 501(c)(3) 10000 0 Delivering on Equity-Engagement for Tax Equity Coalition for Social Justice Education Fund Inc 558 Pleasant St Ste 309 New Bedford MA 02740 043351827 501(c)(3) 15000 0 Delivering on Equity-Engagement for Tax Equity Essex County Community Organization Inc 74 S Common St Lynn MA 01902 042768237 501(c)(3) 15000 0 Delivering on Equty-Engagement for Tax Equity Massachusetts Communities Action Network 14 Cushing Avenue Boston MA 02125 042863903 501(c)(3) 350000 0 Delivering on Equity - Engagement for Tax Equity Pioneer Valley Project Inc 45 Maple St Springfield MA 01105 043343623 501(c)(3) 15000 0 Delivering on Equity-Engagement for Tax Equity Resist Inc 259 Elm St Somerville MA 02144 420433182 501(c)(3) 25000 0 Delivering on Equity-Engagement for Tax Equity Third Sector New England 89 South St Ste 700 Boston MA 02111 042261109 501(c)(3) 150000 0 Delivering on Equity - Engagement for Tax Equity United Interfaith Action of Southeast Massachusetts (UIA) 228 N Main St Fall River MA 02720 311585685 501(c)(3) 15000 0 Delivering on Equity-Engagement for Tax Equity Worcester Interfaith 111 Park Ave Worcester MA 01609 043158699 501(c)(3) 10000 0 Delivering on Equity-Engagement for Tax Equity YMCA of LowellLowell Alliance 97 Central St 302 Lowell MA 01852 042105876 501(c)(3) 10000 0 Delivering on Equity-Engagement for Tax Equity Mass Association for Community Action 105 Chauncy Street Suite 301 Boston MA 02111 222777630 501(c)(3) 31725 0 Advocacy for tax credits that support families Madison Park Development Corporation 184 Dudley St Suite 200 Roxbury MA 02119 237164223 501(c)(3) 10000 0 Delivering on Equity - Engagement for Tax Equity Mass Voter Education Network Inc 55 Roxbury St Roxbury MA 02119 043574060 501(c)(3) 10000 0 Delivering on Equity - Engagement for Tax Equity Berkshire Interfaith Organizing Inc 175 Wendell Ave Pittsfield MA 01201 460786223 501(c)(3) 15000 0 Delivering on Equity - Engagement for Tax Equity Brockton Workers Alliance 826 Belmont St Brockton MA 02301 830920879 15000 0 Delivering on Equity - Engagement for Tax Equity Alternatives for Community and Environment 2343 Washington St 2nd Floor Roxbury MA 02119 043228509 501(c)(3) 25000 0 Delivering on Equity - Engagement for Tax Equity X X X X 0 0 0 0 0 0 0 0 0 Phineas Baxandall President through 7/31/24 152083 0 0 0 0 0 0 0 28241 0 180324 0 0 0 Jennifer Das Communications Director 117440 0 0 0 0 0 0 0 35990 0 153430 0 0 0 Colin Jones Dep Policy Director 118000 0 0 0 0 0 0 0 34285 0 152285 0 0 0 Lines 19 and 22 The Organization receives foundation grants that are restricted as to time or use and frequently span longer than one fiscal year. The 990 presentation requires a presentation of total revenue including restricted revenue, however, the Organization budgets to its projected annual unrestricted revenue. As a result, the 990 presentation of net surplus (deficit) for a given year includes changes in temporarily restricted revenue that do not impact the current year operating activity. A presentation segregating temporarily restricted revenue from operating activity for the years 2023 and 2024 is below. 2023 2024 Grant and contr revenue- unrestricted $402,262 $259,630 Contract service revenue 4,250 100,250 Program Services Income 6,250 28,500 Interest income 16,727 54,861 Net assets released from restrictions 2,220,425 2,671,082 Total unrestricted support and revenue 2,649,914 3,114,323 Less expenses (2,860,260) (3,112,080) Incr (decr) in unrestricted net assets (210,346) 2,243 Incr (decr) in temp restricted net assets ( 71,925) 502,167 Incr (decr) in total net assets ($282,271) $504,410 Form 990, Part VI, Section B, line 11b The tax return is sent electronically to all members of the Board of Directors and any questions are forwarded to the appropriate staff. Form 990, Part VI, Section B, line 12c Every year and at the start of any new director's term, all directors sign off on the conflict of interest policy. In addition, potential conflicts are reviewed during all grant application processes. Form 990, Part VI, Section B, line 15 The staff President's compensation is determined by a Board of Directors' committee after reviewing performance, comparable data and determining what would be equitable for both the organization and the President. Staff compensation is determined by the President following annual reviews and self-reviews by each employee. Consideration is given to comparisons of salaries within MassBudget and also compensation reviews which the President conducts every few years to review internal salaries with those of similar nonprofit organizations. All compensation decisions are supported with written documentation that is stored in office files. Form 990, Part VI, Section C, line 19 The Organization's governing documents, conflict of interest policy, and financial statements are available to the public on request.