Big Brothers Big Sisters Of Massachusetts Bay Inc
- Assets
- $13.4m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 99
- Location
- Boston, MA
- Founding
- 12/1949
- Data as of
- 06/2021
- EIN
- 04-2074462
Organization Overview
Big Brothers Big Sisters Of Massachusetts Bay Inc is located in Boston, MA. The organization was established in 1949. According to its NTEE Classification (O31) the organization is classified as: Big Brothers & Big Sisters, under the broad grouping of Youth Development and related organizations. As of 06/2021, Big Brothers Big Sisters Of Massachusetts Bay Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Brothers Big Sisters Of Massachusetts Bay Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Big Brothers Big Sisters Of Massachusetts Bay Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $6.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PARTNER WITH UNDER-RESOURCED FAMILIES PROVIDING THEIR CHILDREN WITH MENTORS WHO HELP THEM THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY BASED MENTORING PROGRAMS: OUR CORE PROGRAM MATCHES A VOLUNTEER BIG BROTHER OR SISTER WITH A CHILD WHO COULD BENEFIT FROM A ONE-TO-ONE RELATIONSHIP WITH A CARING ADULT. BIGS AND LITTLES MEET A FEW TIMES PER MONTH, FOR A COUPLE OF HOURS EACH TIME, AT PLACES AND TIMES CONVENIENT TO BOTH. SCHOOL BASED MENTORING PROGRAMS: VOLUNTEER BIG BROTHERS AND SISTERS MATCHED IN OUR SCHOOL-BASED PROGRAM MEET THEIR LITTLE BROTHERS OR SISTERS AT SCHOOL, A FEW TIMES A MONTH OVER THE COURSE OF THE ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark O'donnell President & CEO | OfficerTrustee | 40 | $379,625 |
Wendy Foster President & CEO Thru 7/2020 | Officer | 40 | $154,229 |
Noah Stockman CFO Thru 10/2020 | Officer | 40 | $148,190 |
Terrence Mccarron Chief Program Officer | 40 | $133,486 | |
Ann-Marie Ward Senior Director Of Fundaising Events | 40 | $121,317 | |
Jose Ramos Head Of People & Culture | 40 | $118,784 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,039,817 |
| Related organizations | $0 |
| Government grants | $1,380,775 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,676,317 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,096,909 |
| Total Program Service Revenue | $0 |
| Investment income | $92,288 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $108,365 |
| Net Income from Fundraising Events | -$575,038 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,722,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $464,346 |
| Compensation of current officers, directors, key employees. | $24,915 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,312,880 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $530,115 |
| Payroll taxes | $296,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,150 |
| Fees for services: Lobbying | $24,110 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,524 |
| Fees for services: Other | $243,453 |
| Advertising and promotion | $93,363 |
| Office expenses | $2,970 |
| Information technology | $3,057 |
| Royalties | $0 |
| Occupancy | $441,933 |
| Travel | $12,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,398 |
| Interest | $1,319 |
| Payments to affiliates | $73,259 |
| Depreciation, depletion, and amortization | $83,126 |
| Insurance | $73,237 |
| All other expenses | $95,139 |
| Total functional expenses | $6,111,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,530,933 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,385,433 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $380,328 |
| Net Land, buildings, and equipment | $289,851 |
| Investments—publicly traded securities | $4,784,862 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,600 |
| Total assets | $13,373,007 |
| Accounts payable and accrued expenses | $556,172 |
| Grants payable | $0 |
| Deferred revenue | $358,191 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $27,252 |
| Unsecured mortgages and notes payable | $506,933 |
| Other liabilities | $0 |
| Total liabilities | $1,448,548 |
| Net assets without donor restrictions | $7,625,385 |
| Net assets with donor restrictions | $4,299,074 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,373,007 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Big Brothers Big Sisters Of Massachusetts Bay Inc has recieved totaling $5,075.
| Awarding Organization | Amount |
|---|---|
Quinn Emanuel Foundation Los Angeles, CA PURPOSE: CHARITABLE | $5,000 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $75 |
Endowment Analysis
| Beg. Balance | $2,905,160 |
| Earnings | $725,041 |
| Other Expense | $150,000 |
| Ending Balance | $3,480,201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Brothers And Big Sisters Of New York City Inc New York, NY | $24,565,817 | $8,260,952 |
Big Brothers Big Sisters Of Massachusetts Bay Inc Boston, MA | $13,373,007 | $6,722,524 |
Big Sister Association Of Greater Boston Inc Boston, MA | $5,737,616 | $4,830,851 |
Nutmeg Big Brothers-Big Sisters Inc Hartford, CT | $1,432,488 | $2,203,438 |
Big Brothers-Big Sisters Of Long Island Inc Islandia, NY | $1,681,294 | $1,616,797 |
Bigs & Littles Nyc Mentoring Inc New York, NY | $2,013,882 | $1,710,220 |
Big Brothers Big Sisters Of Rhode Island Inc Providence, RI | $4,851,229 | $2,630,809 |
Big Brothers Big Sisters Of Central Mass Metrowest Inc Worcester, MA | $1,234,066 | $1,198,824 |
Be A Friend Program Inc Buffalo, NY | $897,718 | $1,021,094 |
Big Brothers Big Sisters Of New Hampshire Stratham, NH | $391,265 | $1,212,214 |
Big Brothers Big Sisters Of The Capital Region Inc Albany, NY | $545,840 | $763,662 |
Big Brothers Big Sisters Of Swct Foundation Inc Bridgeport, CT | $0 | $199,517 |