Nonprofit · EIN 04-2457605
PHILANTHROPY MASSACHUSETTS INC
Tax-exempt · BOSTON, MA 02110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,544,821 | $5,673,697 | -$128,876 | $6,104,839 | $998,843 | $5,105,996 |
| December 31, 2023 | 990 | $5,509,630 | $4,715,953 | $793,677 | $5,517,586 | $793,314 | $4,724,272 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,826,373
- Membership dues
- $597,542
- Program service revenue
- $510,489
- Investment income
- $207,959
- Net gain from sales of assets
- $4,343
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,815,725
- Compensation of officers, directors and key employees
- $574,112
- Other salaries and wages
- $466,727
- Salaries, compensation and benefits (total)
- $1,176,646
- Professional fundraising fees
- $0
- Legal fees
- $26,619
- Accounting fees
- $44,855
- Occupancy
- $130,790
- Travel
- $9,638
- Depreciation
- $37,269
- Program services (functional)
- $4,889,584
- Management and general (functional)
- $519,514
- Fundraising (functional)
- $264,599
Balance sheet and other
- Total assets, start of year
- $5,517,586
- Total assets, end of year
- $6,104,839
- Total liabilities, end of year
- $998,843
- Net assets, end of year
- $5,105,996
- Land, buildings and equipment
- $149,075
- Publicly traded securities
- $3,103,132
- Net assets without donor restrictions
- $1,495,517
- Net assets with donor restrictions
- $3,610,479
- Gross receipts
- $5,676,850
- Employees
- 13
- Volunteers
- 29
- Year formed
- 1969
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARY SKELTON ROBERTS | CEO, AS OF 05/2024 Trustee or director, Officer | 40 | $135,921 | $21,148 |
| ALEXANDER MCCRAY | VP, MEMBER ENGAGEMENT & STRATEGIC INITIATIVES Officer | 40 | $132,186 | $20,641 |
| JESSICA BERNS | VICE PRESIDENT, NETWORK VIBRANCY Officer | 40 | $117,215 | $23,280 |
| LINH NGUYEN | FINANCE DIRECTOR Officer | 40 | $114,270 | $9,451 |
| PETER TAYLOR | CHAIR Trustee or director, Officer | 1.3 | $0 | $0 |
| PRENTICE ZINN | VICE CHAIR Trustee or director, Officer | 1.3 | $0 | $0 |
| ROB ZACCARDI | TREASURER Trustee or director, Officer | 1.3 | $0 | $0 |
| KAREN GILL | ASST. TREASURER Trustee or director, Officer | 1.3 | $0 | $0 |
| JAY KIM | CLERK Trustee or director, Officer | 1.3 | $0 | $0 |
| ERIC ESTEVES | AT LARGE EXEC COMM Trustee or director | 1.3 | $0 | $0 |
| DAN ARDITO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATE CARNEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LIANA KRUPP | DIRECTOR THRU 09/24 Trustee or director | 1 | $0 | $0 |
| JAMIE MAGUIRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALI MATHIAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTIN O'MALLEY | DIRECTOR Trustee or director | 1 | $0 |
| NATANJA CRAIG OQUENDO | DIRECTOR THRU 09/24 Trustee or director | 1 | $0 |
| GEETA PRADHAN | DIRECTOR THRU 09/24 Trustee or director | 1 | $0 |
| SONIA SHAH | DIRECTOR Trustee or director | 1 | $0 |
| AMIE SHEI | DIRECTOR Trustee or director | 1 | $0 |
| AUDREY SHELTO | DIRECTOR THRU 09/24 Trustee or director | 1 | $0 |
| ALEXANDRA PINEROS SHIELDS | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA SOBALVARRO | DIRECTOR Trustee or director | 1 | $0 |
| BRYAN SPENCE | DIRECTOR Trustee or director | 1 | $0 |
| NANCY STAGER | DIRECTOR Trustee or director | 1 | $0 |
| MARQUIS VICTOR | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFREY POULOS | CEO Trustee or director, Officer | 40 | $128,474 | $16,766 |
| ALEXANDER MCCRAY | INTERIM CO-ED Trustee or director, Officer | 40 | $117,978 | $16,092 |
| JESSICA BERNS | INTERIM CO-ED Trustee or director, Officer | 40 | $106,673 | $6,667 |
| PETER TAYLOR | CHAIR Trustee or director, Officer | 1.3 | $0 | $0 |
| PRENTICE ZINN | VICE CHAIR Trustee or director, Officer | 1.3 | $0 | $0 |
| ROB ZACCARDI | TREASURER Trustee or director, Officer | 1.3 | $0 | $0 |
| KAREN GILL | ASST. TREASURER Trustee or director, Officer | 1.3 | $0 | $0 |
| JAY KIM | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| ERIC ESTEVES | AT LARGE EXEC COMM Trustee or director, Officer | 1 | $0 | $0 |
| GILES LI | VICE CHAIR (UNTIL 9/2023) Trustee or director, Officer | 1.3 | $0 | $0 |
| KATE GRUNDY | AT LARGE EXEC COMM (UNTIL 9/2023) Trustee or director, Officer | 1.3 | $0 | $0 |
| AUDREY SHELTO | PAST CHAIR Trustee or director | 1 | $0 | $0 |
| DAN ARDITO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATE CARNEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LIANA KRUPP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMIE MAGUIRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALI MATHIAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRISTIN O'MALLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NATANJA CRAIG OQUENDO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEETA PRADHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SONIA SHAH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMIE SHEI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEXANDRA PINEROS SHIELDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICIA SOBALVARRO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN SPENCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY STAGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARQUIS VICTOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSIE GREENE | DIRECTOR (UNTIL 9/2023) Trustee or director | 1.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 133 FEDERAL ST STE 802, BOSTON, MA 02110-1712
- Principal officer (990 for 2024)
- MARY SKELTON ROBERTS, 133 FEDERAL STREET SUITE 802, BOSTON, MA 02110
- Signed the 990
- MARY SKELTON ROBERTS, CEO
- Phone
- (617) 426-2606
- Website
- WWW.PHILANTHROPYMA.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
TO PROMOTE THE PRACTICE AND EXPANSION OF EFFECTIVE AND RESPONSIBLE PHILANTHROPY TO IMPROVE THE HEALTH AND VITALITY OF THE REGION.
Program accomplishments
- FISCAL SPONSORSHIP ACTIVITIES: PHILANTHROPY MASSACHUSETTS PROVIDES GENERAL FINANCIAL MANAGEMENT THAT INCLUDES ACCOUNTS RECEIVABLE, ACCOUNTS PAYABLE, PROVIDING PERIODIC STATEMENTS OF THE ACCOUNT, AND HANDLING ALL STATE AND FEDERAL FILINGS TO INCORPORATED AND UNINCORPORATED ENTITIES OPERATING FOR CHARITABLE PURPOSES.Expenses $2,712,350 · grants $858,376 · revenue $171,624
- SUMMER FUND: THE SUMMER FUND SUPPORTED OVER 60 NONPROFITS OPERATING OVER 100 SUMMER CAMP AND PROGRAM SITES. IN 2024, THE FUND SUPPORTED YOUTH THROUGH THREE DISTINCT GRANT PROGRAMS, INCLUDING GENERAL OPERATING GRANTS, A HOMELESS CAMPERSHIP FUND, AND A MENTAL HEALTH INFRASTRUCTURE FUND.Expenses $1,192,652 · grants $957,349
- MEMBER SERVICES: IN 2024, PHILANTHROPY MASSACHUSETTS CONTINUED TO PROVIDE ITS FUNDER MEMBERS AND THE FUNDING COMMUNITY WITH A RANGE OF VIRTUAL PROGRAM OFFERINGS COVERING MULTIPLE TOPICS AND REGIONS. OVER 2,000 PARTICIPANTS ATTENDED PROGRAMS ON TOPICS INCLUDING: POWER AND EQUITY, PHILANTHROPY 101, ARTS AND MENTAL HEALTH. WE ALSO BROUGHT TOGETHER OUR PROGRAM STAFF LEARNING NETWORK, CFO NETWORK, FAMILY FOUNDATION CEOS AND FOUNDATION STAFF FROM DIFFERENT PARTS OF MA. WE ALSO PROVIDED CUSTOMIZED RESEARCH FOR FUNDER MEMBERS AND A MONTHLY NEWSLETTER.Expenses $705,198 · revenue $36,423
- NONPROFIT PARTNER SERVICES: PHILANTHROPY MASSACHUSETTS HAS 400 GRANT SEEKING PARTNERS, NONPROFIT ORGANIZATIONS AND CONSULTANTS. PHILANTHROPY MASSACHUSETTS BRIDGES THE NONPROFIT AND FUNDER COMMUNITIES BY GIVING ACCESS TO RESEARCH AND INFORMATION TO SUPPORT FUND DEVELOPMENT, PROVIDING PROFESSIONAL DEVELOPMENT AND NETWORKING OPPORTUNITIES FOR NONPROFIT STAFF MEMBERS. SOME OF THE PROGRAMS PRESENTED INCLUDE MEET-THE-DONORS AND SKILL-BUILDING WORKSHOPS IN GRANT RESEARCH, GRANT WRITING, DONOR CULTIVATION, A FUNDRAISING CERTIFICATE PROGRAM AND A FUNDRAISING FOR SENIOR EXECUTIVES PROGRAM. THE RESOURCE STAFF PROVIDED VIRTUAL ACCESS TO DATABASES FOR GRANT RESEARCH AS WELL AS ONE-ON-ONE TRAINING ON RESEARCH. CUSTOMIZED RESEARCH IS PROVIDED BY THE RESOURCE CENTER TO PARTNERS AT A PREMIUM LEVEL.Expenses $279,384 · revenue $302,442
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2457605
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1970
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T70Z)
- Assets (IRS master file)
- $6,104,839
- Income (IRS master file)
- $5,676,850
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,544,821 | $5,673,697 | $6,104,839 | XML |
| 990 | December 2023 | $5,509,630 | $4,715,953 | $5,517,586 | XML |
| 990 | December 2022 | $5,120,194 | $4,851,029 | $4,841,096 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2457605).
Questions about PHILANTHROPY MASSACHUSETTS INC
- What is the EIN of PHILANTHROPY MASSACHUSETTS INC?
- The employer identification number (EIN) of PHILANTHROPY MASSACHUSETTS INC is 04-2457605.
- Is PHILANTHROPY MASSACHUSETTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to PHILANTHROPY MASSACHUSETTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PHILANTHROPY MASSACHUSETTS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PHILANTHROPY MASSACHUSETTS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHILANTHROPY MASSACHUSETTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PHILANTHROPY MASSACHUSETTS INC?
- The 990 for the year ended December 31, 2024 names MARY SKELTON ROBERTS.
- Who are the officers and directors of PHILANTHROPY MASSACHUSETTS INC?
- The 990 for the year ended December 31, 2024 lists 26 people; 4 received compensation from the organization, the highest $135,921 (MARY SKELTON ROBERTS, CEO, AS OF 05/2024).
- How much revenue does PHILANTHROPY MASSACHUSETTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,544,821, expenses of $5,673,697 and total assets of $6,104,839 at year end.
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