Boston Cares Inc
- Assets
- $792.1k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Charlestown, MA
- Founding
- 11/1993
- Data as of
- 12/2023
- EIN
- 04-3173682
Organization Overview
Boston Cares Inc is located in Charlestown, MA. The organization was established in 1993. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Boston Cares Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Cares 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, Boston Cares Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 9 years. 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
BOSTON CARES PARTNERS WITH NONPROFITS AND SCHOOLS TO EXPAND THEIR IMPACT BY MOBILIZING DIVERSE PEOPLE TO ADDRESS OUR COMMUNITY'S CRITICAL NEEDS COLLABORATIVELTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTEER PROGRAM: OFFERS MEANINGFUL VOLUNTEER OPPORTUNITIES FOR PEOPLE WHO WANT TO LEND A HAND TO THE COMMUNITY. CREATES AND LEADS OVER 5,000 DIRECT COMMUNITY SERVICE PROJECTS DURING THE 2023 CALENDAR YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Endicott Carola Chairman | OfficerTrustee | 4 | $0 |
O'connor Nicole Term Ended 10/2023 | OfficerTrustee | 4 | $0 |
Quistberg Christine Term Ended 10/2023 | OfficerTrustee | 4 | $0 |
Jeffers Robert Term Ended 12/2022 | Trustee | 2 | $0 |
Coney Theresa Director | Trustee | 2 | $0 |
Levy Nicole Term Ended 10/2023 | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $180,149 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,117,389 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,297,538 |
| Total Program Service Revenue | $37,740 |
| Investment income | $16,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,351,603 |
| 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. | $107,664 |
| Compensation of current officers, directors, key employees. | $25,296 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $516,627 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,270 |
| Payroll taxes | $48,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,164 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,188 |
| Advertising and promotion | $80 |
| Office expenses | $33,641 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,852 |
| 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 | $7,396 |
| Insurance | $3,366 |
| All other expenses | $3,188 |
| Total functional expenses | $1,282,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,483 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $102,017 |
| Accounts receivable, net | $85,538 |
| 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 | $16,539 |
| Net Land, buildings, and equipment | $194,119 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,374 |
| Total assets | $792,070 |
| Accounts payable and accrued expenses | $127,311 |
| Grants payable | $0 |
| Deferred revenue | $110,000 |
| 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 | $196,163 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $433,474 |
| Net assets without donor restrictions | $328,596 |
| Net assets with donor restrictions | $30,000 |
| 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 | $792,070 |