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Nonprofit · EIN 25-1499499

THE FAMILY FIRM INSTITUTE INC

Tax-exempt · BOSTON, MA 02110

Financials

$1.5M$1.6M2023$1.5M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of THE FAMILY FIRM INSTITUTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,464,753$1,453,081$11,672$595,822$272,090$323,732
December 31, 2023990$1,498,267$1,565,429-$67,162$603,223$291,163$312,060
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,448,595
Investment income
$16,158
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$116,753
Travel
$21,316
Depreciation
$8,764
Program services (functional)
$415,802
Management and general (functional)
$1,037,279

Balance sheet and other

Total assets, start of year
$603,223
Total assets, end of year
$595,822
Total liabilities, end of year
$272,090
Net assets, end of year
$323,732
Net assets without donor restrictions
$290,259
Net assets with donor restrictions
$33,473
Gross receipts
$1,464,753
Employees
0
Volunteers
0
Year formed
1984
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.

NameTitleHours / weekCompensation
JUDY L GREENPRESIDENT
Trustee or director, Officer
40$0
DEBBIE BINGCHAIR
Trustee or director, Officer
0.5$0
SANDRA MCNEELYTREASURER
Trustee or director, Officer
0.5$0
MEE HAR FOODIRECTOR
Trustee or director
0.5$0
JEFF COBBDIRECTOR
Trustee or director
0.5$0
NICHOLAS JACOBDIRECTOR
Trustee or director
0.5$0
PANIKKOS POUTZIOURISDIRECTOR
Trustee or director
0.5$0
DAN FROSHVICE CHAIR
Trustee or director, Officer
0.5$0
RANAI LABAKIDIRECTOR
Trustee or director
0.5$0
MICHAEL CONNOLLYCOUNSEL
Trustee or director, Officer
0.5$0
PATRICIA ANGUSDIRECTOR
Trustee or director
0.5$0
RICHA ARORADIRECTOR
Trustee or director
0.5$0
SANJAY SHARMADIRECTOR
Trustee or director
0.5$0
JEREMY CHENGDIRECTOR
Trustee or director
0.5$0
HELENA VON DER ESCHSECRETARY
Trustee or director, Officer
0.5$0
1 more people on this return
NameTitleHours / weekCompensation
BILA ZEINDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensation
JUDY L GREENPRESIDENT
Trustee or director, Officer
40$0
DEBBIE BINGCHAIR
Trustee or director, Officer
0.5$0
SANDRA MCNEELYTREASURER
Trustee or director, Officer
0.5$0
KENNETH MCCRACKENDIRECTOR
Trustee or director
0.5$0
JEFF COBBDIRECTOR
Trustee or director
0.5$0
HEINZ-PETER ELSTRODTDIRECTOR
Trustee or director
0.5$0
PANIKKOS POUTZIOURISDIRECTOR
Trustee or director
0.5$0
DAN FROSHSECRETARY
Trustee or director, Officer
0.5$0
MAYA PRABHUVICE CHAIR
Trustee or director, Officer
0.5$0
MICHAEL CONNOLLYCOUNSEL
Trustee or director, Officer
0.5$0
PATRICIA ANGUSDIRECTOR
Trustee or director
0.5$0
RICHA ARORADIRECTOR
Trustee or director
0.5$0
SANJAY SHARMADIRECTOR
Trustee or director
0.5$0
JEREMY CHENGDIRECTOR
Trustee or director
0.5$0
HELENA VON DER ESCHDIRECTOR
Trustee or director
0.5$0
BILA ZEINDIRECTOR
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
101 FEDERAL ST STE 1900, BOSTON, MA 02110-1861
Principal officer (990 for 2024)
DEBBIE BING, 31 ST JAMES AVE SUITE 802, BOSTON, MA 02116
Signed the 990
JUDY GREEN, PRESIDENT
Phone
(617) 482-3045
Return prepared by
CARAS & SHULMAN PC

Mission

THE ORGANIZATION WAS FORMED TO PROMOTE THE SKILLS AND KNOWLEDGE OF THOSE PROFESSIONALS AND ACADEMICS WHO HELP FAMILY FIRMS FUNCTION MORE EFFECTIVELY.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION ALSO DISSEMINATES PROFESSIONAL PUBLICATIONS, MEMBER DIRECTORIES, NEWSLETTERS, AND OTHER PRINTED MATERIALS RELATING TO FAMILY BUSINESSES TO THE MEMBERS.
    Expenses $208,398 · revenue $469,354
  • ANNUAL CONFERENCES ARE CONDUCTED TO STIMULATE ACADEMIC RESEARCH IN THE FIELD OF FAMILY BUSINESS AND PROVIDE EDUCATIONAL OPPORTUNITIES TO MEMBERS. THERE ARE ALSO ONLINE COURSES THAT HAVE BEEN DEVELOPED TO EXTEND ADDITIONAL EDUCATIONAL SERVICES TO MEMBERS WORLDWIDE.
    Expenses $207,404 · revenue $477,500

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
25-1499499
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1985
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$595,822
Income (IRS master file)
$1,464,753

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,464,753$1,453,081$595,822XML
990December 2023$1,498,267$1,565,429$603,223XML
990December 2022$1,488,795$1,353,883$635,276IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 25-1499499).

Questions about THE FAMILY FIRM INSTITUTE INC

What is the EIN of THE FAMILY FIRM INSTITUTE INC?
The employer identification number (EIN) of THE FAMILY FIRM INSTITUTE INC is 25-1499499.
Is THE FAMILY FIRM INSTITUTE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to THE FAMILY FIRM INSTITUTE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE FAMILY FIRM INSTITUTE 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 THE FAMILY FIRM INSTITUTE 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 THE FAMILY FIRM INSTITUTE 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 THE FAMILY FIRM INSTITUTE INC?
The 990 for the year ended December 31, 2024 names DEBBIE BING.
Who are the officers and directors of THE FAMILY FIRM INSTITUTE INC?
The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
How much revenue does THE FAMILY FIRM INSTITUTE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,464,753, expenses of $1,453,081 and total assets of $595,822 at year end.

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