Pan-Massachusetts Challenge Inc
- Assets
- $4.2m
- Revenue
- $66.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Needham, MA
- Founding
- 01/1982
- Data as of
- 12/2021
- 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 12/2021, Pan-Massachusetts Challenge Inc employed 17 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 12/2021, Pan-Massachusetts Challenge Inc generated $66.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $68.8m during the year ending 12/2021. While expenses have increased by 6.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO BE CONTRIBUTED TO THE DANA-FARBER CANCER INSTITUTE FOR ITS USE IN CONNECTION WITH THE RESEARCH, TREATMENT, CURE OF AND EDUCATION ABOUT CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL BIKE-A-THON - APPROXIMATELY 5,800 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 |
|---|---|---|---|
William Starr Executive Dir. (from 12/30/21) | OfficerTrustee | 50 | $882,823 |
Jarrett Collins President (from 12/30/21) | Officer | 50 | $259,616 |
Michele Sommer Chief Financial Officer | Officer | 50 | $206,330 |
David Hellman Senior VP It & Operations | 50 | $201,555 | |
William Alfano Dir Of Mktg & Strat Pships | 50 | $168,315 | |
Caren Deardorf Secretary, Director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Capellupo Av Production Svcs | 12/30/19 | $271,740 |
Mware It Services | 12/30/19 | $157,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,948,457 |
| 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 | $2,048,392 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,948,457 |
| Total Program Service Revenue | $0 |
| Investment income | $6,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,948,922 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $105,138 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,009,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $64,000,000 |
| 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. | $1,666,203 |
| Compensation of current officers, directors, key employees. | $1,666,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $535,648 |
| Pension plan accruals and contributions | $139,399 |
| Other employee benefits | $184,792 |
| Payroll taxes | $113,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,043 |
| Fees for services: Accounting | $66,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $261,970 |
| Advertising and promotion | $319,373 |
| Office expenses | $147,531 |
| Information technology | $92,259 |
| Royalties | $0 |
| Occupancy | $201,709 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,383 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,749 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $68,820,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,337 |
| Savings and temporary cash investments | $1,078,174 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,482,730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,255 |
| Prepaid expenses and deferred charges | $132,635 |
| Net Land, buildings, and equipment | $297,025 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,238,156 |
| Accounts payable and accrued expenses | $211,902 |
| 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 | $843,480 |
| Total liabilities | $1,055,382 |
| Net assets without donor restrictions | $907,774 |
| Net assets with donor restrictions | $2,275,000 |
| 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 | $4,238,156 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Pan-Massachusetts Challenge Inc has recieved totaling $17,296.
| Awarding Organization | Amount |
|---|---|
Clements Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Wolf & Company Charitable Foundation Inc Boston, MA PURPOSE: EXEMPT PURPOSE | $3,506 |
The@deborah And Ronald Eisenberg Family Foundation Inc Springfield, NJ PURPOSE: GENERAL | $1,000 |
Sims-Maes Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSES | $1,000 |
Olesky Family Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $1,000 |
Albert H Stahmer Foundation Inc Golden, CO PURPOSE: GENERAL FUND | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pan-Massachusetts Challenge Inc Needham, MA | $4,238,156 | $66,009,480 |
Health Effects Institute Boston, MA | $12,526,721 | $12,481,645 |
Hope For Depression Research Foundation New York, NY | $59,831,359 | $6,866,948 |
Israel Cancer Research Fund Inc New York, NY | $17,015,756 | $7,146,502 |
Life Science Cares Inc Cambridge, MA | $8,104,702 | $8,289,428 |
Haymakers For Hope Inc Wellesley, MA | $644,411 | $4,070,620 |
The Progeria Research Foundation Inc Peabody, MA | $53,690,802 | $49,219,762 |
Improvecarenow Inc Essex, VT | $802,029 | $3,120,134 |
Dubai Harvard Foundation For Medical Research Inc Boston, MA | $15,096,309 | $431,547 |
Hitchcock Foundation Lebanon, NH | $36,127,473 | $2,527,806 |
The Curetivity Foundation Darien, CT | $568,541 | $2,365,515 |
Jett Foundation Inc Plymouth, MA | $2,196,455 | $2,598,639 |