Pan-Massachusetts Challenge Inc
- Assets
- $4.0m
- Revenue
- $76.9m
- Investments
- $0.0
- Employees
- 22
- Location
- Needham, MA
- Founding
- 01/1982
- Data as of
- 12/2023
- EIN
- 04-2746912
Organization Overview
Pan-Massachusetts Challenge Inc is located in Needham, MA. The organization was established in 1982. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. As of 12/2023, Pan-Massachusetts Challenge Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pan-Massachusetts Challenge 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 12/2023, Pan-Massachusetts Challenge Inc generated $76.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $77.8m during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO BE CONTRIBUTED TO THE JIMMY FUND AT DANA-FARBER CANCER INSTITUTE FOR ITS USE IN CONNECTION WITH RESEARCH, TREATMENT, CURE OF AND EDUCATION ABOUT CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL BIKE-A-THON - APPROXIMATELY 7,000 CYCLISTS RIDE AND RAISE MONEY FOR CANCER RESEARCH AND TREATMENT, FOR THE JIMMY FUND AT THE DANA-FARBER CANCER INSTITUTE IN BOSTON, MASSACHUSETTS. IT IS REPORTED THAT PAN MASSACHUSETTS CHALLENGE'S CYCLING FUNDRAISER IS THE MOST SUCCESSFUL ATHLETIC FUNDRAISING EVENT, IN TERMS OF DOLLARS RAISED, IN THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary/director | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer/director | OfficerTrustee | 1 | $0 |
Name Not Listed Director | OfficerTrustee | 1 | $0 |
Name Not Listed Executive Dir./dir. | OfficerTrustee | 50 | $815,258 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Capellupo Av Services | 12/30/23 | $122,897 |
Sarah Mercurio Design Services | 12/30/23 | $116,902 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $70,957,505 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $2,714,372 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,957,505 |
| Total Program Service Revenue | $0 |
| Investment income | $1,661,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,096,728 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $212,259 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,928,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $72,000,000 |
| 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. | $1,802,048 |
| Compensation of current officers, directors, key employees. | $1,802,048 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $776,051 |
| Pension plan accruals and contributions | $166,435 |
| Other employee benefits | $234,507 |
| Payroll taxes | $144,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,465 |
| Fees for services: Accounting | $75,524 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $592,435 |
| Advertising and promotion | $405,272 |
| Office expenses | $143,778 |
| Information technology | $91,321 |
| Royalties | $0 |
| Occupancy | $184,877 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,051 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,744 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $77,777,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,728 |
| Savings and temporary cash investments | $1,641,332 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,223,296 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,321 |
| Prepaid expenses and deferred charges | $248,984 |
| Net Land, buildings, and equipment | $235,277 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $219,340 |
| Total assets | $3,990,278 |
| Accounts payable and accrued expenses | $217,655 |
| Grants payable | $0 |
| 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 | $1,865,102 |
| Total liabilities | $2,082,757 |
| Net assets without donor restrictions | $882,521 |
| Net assets with donor restrictions | $1,025,000 |
| 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 | $3,990,278 |