Massachusetts Budget And Policy Center Inc
- Assets
- $3.4m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 15
- Location
- Boston, MA
- Founding
- 12/1987
- Data as of
- 12/2021
- EIN
- 04-2967537
Organization Overview
Massachusetts Budget And Policy Center Inc is located in Boston, MA. The organization was established in 1987. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Massachusetts Budget And Policy Center Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Budget And Policy Center 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, Massachusetts Budget And Policy Center Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 7.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MASSBUDGET IS A LEADING THINK TANK ADVANCING EQUITABLE POLICY SOLUTIONS THAT CREATE AN INCLUSIVE, THRIVING COMMONWEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE INDEPENDENT RESEARCH AND ANALYSIS OF THE STATE BUDGET AND TAX POLICIES AND ECONOMIC ISSUES THAT AFFECT LOW- AND MODERATE-INCOME PEOPLE IN MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie-Frances Rivera Organization President | Officer | 40 | $134,202 |
Nancy Wagman Kids Count & Research Director | 40 | $109,532 | |
Glenn Parker Director & Treasurer | OfficerTrustee | 1 | $0 |
Kalila Barnett Director & Clerk/vice Chair | OfficerTrustee | 1 | $0 |
Alexandra Pineros-Shields Director & Board Chair | OfficerTrustee | 1 | $0 |
Jordan Berg Powers Director | Trustee | 1 | $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 | $3,518,832 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,518,832 |
| Total Program Service Revenue | $16,500 |
| Investment income | $4,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$308 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,539,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $114,332 |
| 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. | $136,799 |
| Compensation of current officers, directors, key employees. | $6,836 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,041,209 |
| Pension plan accruals and contributions | $60,626 |
| Other employee benefits | $157,651 |
| Payroll taxes | $100,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,822 |
| Fees for services: Accounting | $38,959 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172,567 |
| Advertising and promotion | $983 |
| Office expenses | $8,573 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,790 |
| Travel | $1,364 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $967 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,644 |
| Insurance | $3,596 |
| All other expenses | $1,149 |
| Total functional expenses | $2,001,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,477,184 |
| Pledges and grants receivable | $1,010,000 |
| 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 | $1,745 |
| Net Land, buildings, and equipment | $22,398 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $849,562 |
| Total assets | $3,360,889 |
| Accounts payable and accrued expenses | $130,112 |
| 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 | $0 |
| Total liabilities | $130,112 |
| Net assets without donor restrictions | $879,040 |
| Net assets with donor restrictions | $2,351,737 |
| 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 | $3,360,889 |
Grants Awarded
Over the last fiscal year, Massachusetts Budget And Policy Center Inc has awarded $114,332 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: Campaign for Tax Justice=Racial Justice | $50,000 |
Dorchester, MA PURPOSE: Campaign for tax equity & leadership development | $39,582 |
Boston, MA PURPOSE: EITC work & Virtual town hall production & coalition | $24,750 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Massachusetts Budget And Policy Center Inc has recieved totaling $1,916,813.
| Awarding Organization | Amount |
|---|---|
Barr Foundation Boston, MA PURPOSE: SECTOR EFFECTIVENESS: TO SUPPORT THE DELIVERING ON EQUITY IN MASSACHUSETTS PARTNERSHIP | $500,000 |
Center On Budget And Policy Priorities Washington, DC PURPOSE: State Opportunities Project | $250,000 |
Barr Foundation Boston, MA PURPOSE: SECTOR EFFECTIVENESS: TO PROVIDE GENERAL OPERATING SUPPORT | $220,000 |
Center On Budget And Policy Priorities Washington, DC PURPOSE: State Opportunities Project | $200,000 |
The Hyams Foundation Inc Boston, MA PURPOSE: DELIVERING ON EQUITY PROJECT AND GENERAL SUPPORT | $165,000 |
Annie E Casey Foundation Baltimore, MD PURPOSE: SUPPORT VARIOUS KIDS COUNT ACTIVITIES | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Represent Us Education Fund Florence, MA | $5,093,695 | $9,149,766 |
Massachusetts Bankers Association Inc Boston, MA | $14,284,129 | $6,144,783 |
Massachusetts Budget And Policy Center Inc Boston, MA | $3,360,889 | $3,539,190 |
Connecticut Bankers Association Farmington, CT | $4,069,202 | $2,135,467 |
Schuyler Center For Analysis And Advocacy Inc Albany, NY | $9,017,273 | $2,357,103 |
Openplans Inc New York, NY | $4,124,484 | $3,167,915 |
New York City H2o New York, NY | $221,322 | $835,917 |
Rhode Island League Of Cities And Towns Providence, RI | $1,021,597 | $771,090 |
The Shareholder Commons Inc Northampton, MA | $953,532 | $1,453,696 |
Massachusetts Mortgage Bankers Association Inc Boston, MA | $1,052,704 | $497,712 |
Youth Advocacy Foundation Inc Boston, MA | $1,441,164 | $883,485 |
Lawsuit Reform Alliance Of New York Inc Albany, NY | $316,688 | $438,678 |