Third Sector New England Inc
- Assets
- $129.1m
- Revenue
- $80.8m
- Investments
- $8.5m
- Employees
- 556
- Location
- Boston, MA
- Founding
- 11/1960
- Data as of
- 06/2021
- EIN
- 04-2261109
Organization Overview
Third Sector New England Inc, operating under the name Tsne, is located in Boston, MA. The organization was established in 1960. According to its NTEE Classification (H03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Medical Research and related organizations. As of 06/2023, Tsne employed 556 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tsne 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, Tsne generated $80.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $63.5m during the year ending 06/2021. While expenses have increased by 5.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tsne has awarded 585 individual grants totaling $51,823,534. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THIRD SECTOR NEW ENGLAND PROVIDES CAPACITY BUILDING, ORGANIZATIONAL DEVELOPMENT, CONSULTING AND TRAINING, PROPERTY MANAGEMENT, AND OTHER SERVICES TO SUPPORT THE SUSTAINABILITY AND GROWTH OF NONPROFIT ORGANIZATIONS WORKING TO CREATE AN EQUITABLE SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH AN ARRAY OF CAPACITY BUILDING SERVICES AND MANAGEMENT SUPPORT PROGRAMS, THIRD SECTOR NEW ENGLAND BUILDS THE LEADERSHIP AND EFFECTIVENESS OF INDIVIDUALS AND GROUPS TO CREATE A MORE JUST AND DEMOCRATIC SOCIETY.THIRD SECTOR NEW ENGLAND'S FISCAL SPONSORSHIP PROGRAM PROVIDES MANAGEMENT SUPPORT TO MISSION-DRIVEN GROUPS THAT FOCUS THEIR WORK ON ISSUES AFFECTING THE ROOT CAUSES OF SOCIAL PROBLEMS. WE SUPPORT ALL PROJECTS WITH A BROAD ARRAY OF ADMINISTRATIVE SERVICES. TSNE MANAGES NONPROFIT PROJECTS' FINANCES, GOVERNANCE, HUMAN RESOURCES, INSURANCE NEEDS, AND OTHER INCREASINGLY COMPLEX COMPLIANCE ISSUES ASSOCIATED WITH RUNNING A STAND ALONE NONPROFIT. THROUGH THESE SUPPORT SERVICES FOR A VARIETY OF INDIVIDUAL PROJECTS, WE SEEK TO PROVIDE WIDER ACCESS TO RESOURCES AND SERVICES FOR PEOPLE SYSTEMATICALLY DENIED FAIR ACCESS. PROJECT-BASED WORK ADDRESSES ISSUES SUCH AS CIVIL AND OTHER BASIC HUMAN RIGHTS, ENVIRONMENTAL SUSTAINABILITY, FOOD SECURITY, AND ACCESS TO HEALTH CARE, HOUSING, AND EDUCATION.
TSNE'S CONSULTING SERVICES ASSIST NON-PROFITS IN BUILDING ORGANIZATIONAL CAPACITY USING A WHOLE SYSTEMS APPROACH. A BROAD RANGE OF SERVICES ARE OFFERED THAT INCLUDE ORGANIZATIONAL ASSESSMENT, BOARD DEVELOPMENT, EXECUTIVE TRANSITIONS MANAGEMENT, SUCCESSION PLANNING, PROGRAM EVALUATION, AND STRATEGIC PLANNING. OUR CONSULTANTS ALSO ENGAGE IN FIELD BUILDING PROJECTS WHICH AFFECT COALITIONS OR HAVE BROAD COMMUNITY IMPACT.
THE NONPROFIT CENTER IS BOSTON'S HOME FOR PROGRESSIVE SOCIAL CHANGE NONPROFITS AND A RESOURCE FOR THE LARGER NONPROFIT COMMUNITY. WITH 110,000 SQUARE FEET OF OFFICE SPACE AND MEETING SPACE, THE CENTER IS A HUB FOR NONPROFITS IN THE BOSTON AREA. DEVELOPED USING SUSTAINABLE DESIGN, THE CENTER'S MISSION IS TO FOSTER COLLABORATION AND ENHANCE ORGANIZATIONAL STABILITY. THE CENTER'S TENANTS ARE MISSION-FOCUSED NONPROFITS COMMITTED TO MAKING A POSITIVE IMPACT IN THE COMMUNITIES THEY OPERATE AND ON THE CONSTITUENTS THEY SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine L Ng President And CEO | Officer | 37.5 | $313,104 |
Noah Stockman CFO | Officer | 37.5 | $212,356 |
Luz D Rivera Chief People And Culture Officer | 37.5 | $185,151 | |
Michael Ibrahim Chief Program And Impact Officer | 37.5 | $188,443 | |
Susan G Hibbard Project Director | 37.5 | $263,577 | |
Sherri Stewart Project Director | 33.75 | $207,310 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jeffrey Capizzano Advocacy, Research & Communication | 6/29/23 | $738,392 |
Harriet Dichter Consulting | 6/29/23 | $425,425 |
Karen Howard Technical Support | 6/29/23 | $219,413 |
Orbis Consulting Services Llc Consulting Workers | 6/29/23 | $186,058 |
Rachel Schumacher Grants Management | 6/29/23 | $150,633 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,384,503 |
| Investment income | $241,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,579,394 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,553,850 |
| Net Income from Fundraising Events | $25,545 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $80,834,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $470,613 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,490,236 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,072,141 |
| Pension plan accruals and contributions | $742,126 |
| Other employee benefits | $3,913,209 |
| Payroll taxes | $2,032,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $264,677 |
| Fees for services: Accounting | $223,455 |
| Fees for services: Lobbying | $139,130 |
| Fees for services: Fundraising | $114,939 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,195,024 |
| Advertising and promotion | $98,327 |
| Office expenses | $359,905 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,536,147 |
| Travel | $172,607 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $203,041 |
| Interest | $353,904 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,241,506 |
| Insurance | $315,350 |
| All other expenses | $0 |
| Total functional expenses | $63,544,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,657,698 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,265,636 |
| 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 | $759,600 |
| Investments—publicly traded securities | $27,130,905 |
| Investments—other securities | $8,472,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,083,463 |
| Total assets | $129,062,411 |
| Accounts payable and accrued expenses | $6,252,038 |
| Grants payable | $0 |
| Deferred revenue | $1,517,482 |
| Tax-exempt bond liabilities | $11,608,287 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,199,491 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $629,687 |
| Total liabilities | $21,206,985 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $107,855,426 |
Grants Awarded
Over the last fiscal year, Third Sector New England Inc has awarded $10,688,027 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
ACEDONE PURPOSE: COVID VACCINE OUTREACH AND SUPPORT | $104,381 |
ALABAMA INSTITUTE FOR SOCIAL JUSTICE PURPOSE: RAISING CHILD CARE FUND YEAR 1 | $160,000 |
AGENCIA ALPHA PURPOSE: COVID VACCINE OUTREACH AND SUPPORT | $132,852 |
9TO5 NATIONAL ASSOCIATION OF WORKING WOMEN INC PURPOSE: COMMUNITY ORGANIZING IN GEORGIA RCCF | $125,000 |
ARIZONA STATE UNIVERSITY OFFICE OF RESEARCH & SPONSORED PROJECTS PURPOSE: PROVIDE LEGAL TA, RESOURCES, TRAINING FY23 | $519,676 |
AGENDA FOR CHILDREN PURPOSE: ECE WORKFORCE TASK FORCE | $350,000 |