Haymarket Peoples Fund Inc
- Assets
- $12.0m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Jamaica Plain, MA
- Founding
- 03/1974
- Data as of
- 06/2021
- EIN
- 04-2586725
Organization Overview
Haymarket Peoples Fund Inc is located in Jamaica Plain, MA. The organization was established in 1974. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Haymarket Peoples Fund Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haymarket Peoples Fund 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, Haymarket Peoples Fund Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $1.5m during the year ending 06/2021. While expenses have increased by 8.8% per year over the past 6 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, Haymarket Peoples Fund Inc has awarded 593 individual grants totaling $5,307,335. 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
HAYMARKET PEOPLE'S FUND IS AN ANTI-RACIST AND MULTI-CULTURAL FOUNDATION THAT IS COMMITTED TO STRENGTHENING THE MOVEMENT FOR SOCIAL JUSTICE IN NEW ENGLAND. THROUGH GRANTMAKING, FUNDRAISING, AND CAPACITY BUILDING, WE SUPPORT GRASSROOTS ORGANIZATIONS THAT ADDRESS THE ROOT CAUSES OF INJUSTICE. HAYMARKET ALSO ORGANIZES TO INCREASE SUSTAINABLE COMMUNITY PHILANTHROPY THROUGHOUT OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTEE PROGRAM: HAYMARKET'S GRANTS PROVIDED ESSENTIAL RESOURCES TO 55 SUSTAINING AND 39 URGENT RESPONSE GRASSROOTS COMMUNITY ORGANIZATIONS ACROSS THE NEW ENGLAND REGION.
THE DONOR-ADVISED GRANTMAKING PROGRAM ALLOWS INDIVIDUALS AND FAMILIES TO USE THE RESOURCES, KNOWLEDGE, AND GRANTMAKING EXPERTISE OF HAYMARKET PEOPLE'S FUND TO DIRECT THEIR PERSONAL PHILANTHROPY. AFTER DECADES OF THIS PROGRAM, A REVIEW OF THE FIT WITH THE ORGANIZATIONAL MISSION AND PRINCIPLES. BASED ON AN EXPANSIVE PROCESS, ONLY A CURRENT ACCOUNT WILL BE MAINTAINED. SUPPORTERS ARE ENCOURAGED TO SUPPORT HAYMARKET'S GRANT POOL, WHICH IS DEEPLY VETTED AND HAS A GREATER REGIONAL IMPACT.
COMMUNITY BUILDING: HAYMARKET LEASES MEETING AND OFFICE SPACE TO NON-PROFIT ORGANIZATIONS AND COMMUNITY GROUPS. TENANTS TYPICALLY SHARE A SIMILAR PROGRAMMATIC PURPOSE BUT MAY OR MAY NOT RECEIVE PROGRAMMATIC FUNDING FROM HAYMARKET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karla Nicholson Executive Di | Officer | 40 | $121,405 |
Fatou Drammeh Treasurer | OfficerTrustee | 5 | $0 |
Trina Jackson Clerk | OfficerTrustee | 5 | $0 |
Brenda Lett Director | OfficerTrustee | 2 | $0 |
Chanravy Proeung Director | OfficerTrustee | 2 | $0 |
Cedric Shaw President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,257,590 |
| Noncash contributions included in lines 1a–1f | $449,883 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,257,590 |
| Total Program Service Revenue | $77,254 |
| Investment income | $108,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $201,383 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,644,454 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $862,217 |
| 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. | $116,296 |
| Compensation of current officers, directors, key employees. | $29,074 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,718 |
| Pension plan accruals and contributions | $15,000 |
| Other employee benefits | $76,740 |
| Payroll taxes | $26,410 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,411 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,026 |
| Fees for services: Other | $34,102 |
| Advertising and promotion | $860 |
| Office expenses | $8,060 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,861 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,471 |
| Insurance | $8,475 |
| All other expenses | $7,117 |
| Total functional expenses | $1,537,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,043,307 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,052,869 |
| Accounts receivable, net | $100 |
| 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 | $6,142 |
| Net Land, buildings, and equipment | $293,908 |
| Investments—publicly traded securities | $7,610,481 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,365 |
| Total assets | $12,020,172 |
| Accounts payable and accrued expenses | $50,630 |
| Grants payable | $196,500 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,937 |
| Total liabilities | $256,067 |
| Net assets without donor restrictions | $5,114,815 |
| Net assets with donor restrictions | $6,649,290 |
| 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 | $12,020,172 |
Grants Awarded
Over the last fiscal year, Haymarket Peoples Fund Inc has awarded $792,217 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
GRANTS 5000 PURPOSE: COMMUNITY ORGANIZING | $40,500 |
A BETTER WAY FOUNDATIONSTEP UP NEW LONDON PURPOSE: COMMUNITY ORGANIZING | $16,000 |
ARISE FOR SOCIAL JUSTICE PURPOSE: COMMUNITY ORGANIZING | $16,000 |
Brockton, MA PURPOSE: COMMUNITY ORGANIZING | $16,000 |
Dorchester, MA PURPOSE: COMMUNITY ORGANIZING | $16,000 |
A BETTER WAY FOUNDATIONCT BLACK AND BROWN STUDENT UNION PURPOSE: COMMUNITY ORGANIZING | $16,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Haymarket Peoples Fund Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Alchemy Foundation Cambridge, MA PURPOSE: GENERAL SUPPORT | $250 |
Endowment Analysis
| Beg. Balance | $3,977,915 |
| Earnings | $301,300 |
| Other Expense | $301,300 |
| Ending Balance | $3,977,915 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hope For Youth Inc Amityville, NY | $10,865,800 | $14,335,992 |
Lauren And Lee Fixel Family Foundation Inc New York, NY | $40,185,371 | $21,974,777 |
Joy In Childhood Foundation Inc Canton, MA | $7,582,989 | $8,931,292 |
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Mccance Foundation Tr North Scituate, MA | $91,930,926 | $3,999,038 |
Childrens Dyslexia Centers Inc Lexington, MA | $70,604,540 | $15,265,584 |
North Central Area Agency On Aging Inc Hartford, CT | $1,856,134 | $6,505,484 |
Hampton Classic Horse Show Inc Bridgehampton, NY | $1,702,497 | $4,948,481 |
Peggy Mcgrath Rockefeller Foundation New York, NY | $16,278,993 | $1,905,197 |
Loring Wolcott & Coolidge Charitable Tr - I Boston, MA | $103,000 | $4,276,644 |