Massachusetts Family Institute Inc
- Assets
- $569.4k
- Revenue
- $896.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Wakefield, MA
- Founding
- 11/1991
- Data as of
- 12/2021
- EIN
- 04-3113783
Organization Overview
Massachusetts Family Institute Inc is located in Wakefield, MA. The organization was established in 1991. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 12/2021, Massachusetts Family Institute Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Family Institute 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 Family Institute Inc generated $896.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $640.7k during the year ending 12/2021. While expenses have increased by 3.4% 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
THE MASSACHUSETTS FAMILY INSTITUTE (MFI) IS A NON-PARTISAN PUBLIC POLICY ORGANIZATION DEDICATED TO STRENGTHENING FAMILIES IN MASSACHUSETTS. (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND EDUCATION ON A WIDE RANGE OF PUBLIC POLICY ISSUES TO STRENGTHEN THE WELL-BEING, HEALTH AND SAFETY OF FAMILIES.
LOBBYING AND NON-PARTISAN ISSUE ADVOCACY AND CONSTITUENCY COMMUNICATIONS ON ISSUES CONCERNING THE WELL-BEING OF FAMILIES IN MASSACHUSETTS INCLUDING EDUCATION, ECONOMIC GROWTH, HEALTH CARE, TAXES, MARRIAGE AND THE PRESERVATION OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Beckwith President | OfficerTrustee | 40 | $145,258 |
David Stubblebine Chairman | OfficerTrustee | 2 | $0 |
Rob Bradley Vice Chair | OfficerTrustee | 2 | $0 |
Mike Gilleran Vice Chair | OfficerTrustee | 2 | $0 |
James Kulig Treasurer | OfficerTrustee | 2 | $0 |
Len Picard Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $223,695 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $681,180 |
| Noncash contributions included in lines 1a–1f | $52,213 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $904,875 |
| Total Program Service Revenue | $0 |
| Investment income | $25,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$36,800 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $896,626 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $145,259 |
| Compensation of current officers, directors, key employees. | $36,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $209,309 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $13,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,714 |
| Advertising and promotion | $9,204 |
| Office expenses | $32,998 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,818 |
| Travel | $3,303 |
| 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 | $0 |
| Insurance | $3,334 |
| All other expenses | $0 |
| Total functional expenses | $640,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,952 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,255 |
| 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 | $0 |
| Net Land, buildings, and equipment | $984 |
| Investments—publicly traded securities | $147,189 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $569,380 |
| Accounts payable and accrued expenses | $9,056 |
| 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 | $9,056 |
| Net assets without donor restrictions | $560,324 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $569,380 |