2026-06-15T13:06:06-05:00 2025-12-31 043530932 PAVENTO RATCLIFFE RENZI & CO LLC 391 East Central St Unit 8A Franklin MA 02038 990 2025-01-01 042967537 Massachusetts Budget and Policy Center Inc MASS 6174261228 PO Box 961390 Boston MA 02196 Viviana M Abreu-Hernandez President 6174261228 2026-06-15 1 John A Ratcliffe P00551279 5085533091 2026-06-15 2025 2025-03-06 01:10:19Z X Viviana M Abreu-Hernandez PO Box 961390 Boston MA 02196 1699443 0 X www.massbudget.org X 1987 MA MassBudget is a leading think tank advancing equitable policy solutions that create an inclusive, thriving Commonwealth. 15 15 14 25 0 0 3432879 1549292 120725 95220 54861 45911 -3745 -2843 3604720 1687580 794325 389000 0 0 1750789 1871625 0 0 291905 555196 486813 3100310 2747438 504410 -1059858 3820592 2566627 310283 116176 3510309 2450451 MassBudget is a leading think tank advancing equitable policy solutions that create an inclusive, thriving Commonwealth. 0 0 2195469 389000 95220 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. 2195469 1 1 0 1 0 0 0 0 0 0 1 1 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 16 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 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 P O Box 961390 Boston MA 02196 Alexandra Pineros-Shields Board President 1.00 X X 0 0 0 Bianca Sigh Ward Director 1.00 X 0 0 0 Branden Miles Director 1.00 X 0 0 0 Carol Kamin Director 1.00 X 0 0 0 Carolyn Chou Director 1.00 X 0 0 0 David Halbert Director 1.00 X 0 0 0 Dolores Thibault-Munoz Director 1.00 X 0 0 0 Eric Nakajima Director through 12/31/25 1.00 X 0 0 0 Gisele C Shorter Director 1.00 X 0 0 0 Glenn Parker Director & Treasurer 1.00 X X 0 0 0 Jacqueline Johnson Director 1.00 X 0 0 0 Mark Martinez Director 1.00 X 0 0 0 Marlishia Aho Vice President & Clerk 1.00 X X 0 0 0 Michael Dukakis Director through 3/1/25 1.00 X 0 0 0 Myron Miller Director 1.00 X 0 0 0 Peter Enrich Director 1.00 X 0 0 0 Chelsea Sedani Director of Advocacy 35.00 X 105775 0 38559 Viviana Abreu-Herdandez President 35.00 X 180000 0 33713 Gregg Grenier VP of Operations 35.00 X 130805 0 7213 Jennifer Das Communications Director 35.00 X 127552 0 44321 Phineas Baxandall Director or Res & Policy 35.00 X 122500 0 30419 666632 0 154225 5 0 1 0 0 36500 1512792 1549292 Program services 611710 57670 57670 Research projects 611710 37550 37550 95220 45911 45911 9020 36500 11863 -2843 -2843 1687580 95220 0 43068 389000 389000 208704 154292 24506 29906 1253124 901166 164686 187272 63389 45553 8172 9664 220182 199897 -864 21149 126226 91046 16405 18775 10147 10147 29809 29809 65295 49695 15600 17660 13757 1086 2817 127832 127832 23370 18084 2989 2297 24054 22864 802 388 2923 2923 6701 1710 4991 Education & Training 80338 78481 920 937 Fees 53676 49359 3444 873 Telephone & Communicati 37568 35469 2099 Equipment costs 6498 6498 942 619 195 128 2747438 2195469 260064 291905 1069086 558191 1843637 962511 58856 2404 64243 62384 4782 1859 567786 844231 473876 3820592 2566627 140416 85968 13750 0 156117 30208 310283 116176 X 739178 494113 2771131 1956338 3510309 2450451 3820592 2566627 -1059858 0 X 0 1 X 1 0 X 3518832 3033453 2561262 3561629 1653532 14328708 3518832 3033453 2561262 3561629 1653532 14328708 8423940 5904768 4166 1200 16727 54861 45911 122865 14451573 0.40860 0.45160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1903 273677 275580 2483721 2759301 287965 71991 0 0 298863 293013 305604 287965 1185445 1778168 39394 35174 92875 275580 443023 74716 73253 76401 71991 296361 444542 240 350 1903 2493 20460 18601 1859 20619 20619 0 23164 23164 0 1859 US Treasury Notes 567786 C 567786 Cash reserve, board designated 433881 Deposit 9787 Right to use asset-operating lease 30208 473876 Right to use asset-lease liability 30208 30208 1699443 11863 11863 1687580 0 1687580 2759301 11863 11863 2747438 0 2747438 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 45520 36500 9020 676 11187 45520 36500 9020 676 11187 11863 -2843 1 Berkshire Interfaith Organizing Inc 175 Wendell Ave Pittsfield MA 01201 460786223 501(c)(3) 10000 0 Delivering on Equity - Engagement for Tax Equity Boston Medical Center 801 Albany St Boston MA 02119 043314093 501(c)(3) 24000 0 Advocacy for tax credits that support families Brockton Interfaith Association Inc 1350 Pleasant St Brockton MA 02301 223135464 501(c)(3) 10000 0 Delivering on Equity-Engagement for Tax Equity Brockton Workers Alliance 826 Belmont St Brockton MA 02301 830920879 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) 7500 0 Delivering on Equity-Engagement for Tax Equity Essex County Community Organization Inc 74 S Common St Lynn MA 01902 042768237 501(c)(3) 10000 0 Delivering on Equty-Engagement for Tax Equity Madison Park Development Corporation 184 Dudley St Suite 200 Roxbury MA 02119 237164223 501(c)(3) 7500 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 Massachusetts Communities Action Network 14 Cushing Avenue Boston MA 02125 042863903 501(c)(3) 100000 0 Delivering on Equity - Engagement for Tax Equity Pioneer Valley Project Inc 45 Maple St Springfield MA 01105 043343623 501(c)(3) 10000 0 Delivering on Equity-Engagement for Tax Equity Resist Inc 259 Elm St Somerville MA 02144 420433182 501(c)(3) 10000 0 Delivering on Equity-Engagement for Tax Equity Third Sector New England 89 South St Ste 700 Boston MA 02111 042261109 501(c)(3) 100000 0 Delivering on Equity - Engagement for Tax Equity True Alliance Center Inc 1550 Blue Hill Ave Boston MA 02126 273114465 501(c)(3) 10000 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) 10000 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 YWCA of LowellLowell Alliance 97 Central St 302 Lowell MA 01852 042105876 501(c)(3) 10000 0 Delivering on Equity-Engagement for Tax Equity Merrimack Valley Project 1045 Essex St Lawrence MA 01841 043132443 501(c)(3) 10000 0 Delivering on Equity Prophetic Resistance Inc 14 Cushing Avenue Boston MA 02125 332628912 501(c)(3) 10000 0 Delivering on Equity 17 1 Part I, Line 2: Grants are often made as part of pass through re-grant agreements to local nonprofits. MassBudget is familiar with the work of the grantees and confirms the current public charity status of the grantees. Periodic reporting from grantees is required. X X X X 0 0 0 0 0 0 0 0 0 Viviana Abreu-Herdandez President 180000 0 0 0 0 0 0 0 33713 0 213713 0 0 0 Jennifer Das Communications Director 127552 0 0 0 0 0 0 0 44321 0 171873 0 0 0 Phineas Baxandall Director or Res & Policy 122500 0 0 0 0 0 0 0 30419 0 152919 0 0 0 Chelsea Sedani Director of Advocacy 105775 0 0 0 0 0 0 0 38559 0 144334 0 0 0 Gregg Grenier VP of Operations 130805 0 0 0 0 0 0 0 7213 0 138018 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. 2024 2025 Grant and contr revenue- unrestricted $259,630 $174,812 Contract service revenue 100,250 37,550 Program Services Income 28,500 57,670 Interest income 54,861 45,911 Net assets released from restrictions 2,671,082 2,198,293 Total unrestricted support and revenue 3,114,323 2,514,236 Less expenses (3,112,080) (2,759,301) Incr (decr) in unrestricted net assets 2,243 (245,065) Incr (decr) in temp restricted net assets 502,167 (814,793) Incr (decr) in total net assets $504,410 ($1,059,858) 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.