Boston Celtics Shamrock Foundation Inc
- Assets
- $5.0m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 04-3174933
Organization Overview
Boston Celtics Shamrock Foundation Inc is located in Boston, MA. The organization was established in 1994. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Celtics Shamrock Foundation 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 12/2022, Boston Celtics Shamrock Foundation Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 12.2% 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.
Since 2017, Boston Celtics Shamrock Foundation Inc has awarded 159 individual grants totaling $7,645,211. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BOSTON CELTICS SHAMROCK FOUNDATION IS TO EXTEND THE REACH OF THE CETICS LEGACY INTO OUR COMMUNITY. THE SHAMROCK FOUNDATION BENEFITS CHILDREN DIRECTLY THROUGH PROGRAMS THAT PROVIDE EDUCATION AND SUPPORT ALONG WITH PARTNERSHIPS AND COMMUNITY SERVICE ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER PROGRAM SERVICES
PROGRAM ALLOWS FOR SEASON TICKET HOLDERS OF THE BOSTON CELTICS TO DONATE THEIR TICKETS TO THE BOSTON CELTICS SHAMROCK FOUNDATION. THE BOSTON CELTICS SHAMROCK FOUNDATION ACKNOWLEDGES THE DONATED TICKETS AS DONATIONS RECEIVED AND TREATS THE DISTRIBUTION OF TICKETS AS EXPENSES.
THE LICENSE PLATE PROGRAM WAS DESIGNED TO RAISE PROCEEDS AND AWARENESS OF CHILDREN'S HOSPITAL 0F BOSTON. INDIVIDUAL DONORS APPLY FOR BOSTON CELTICS/CHILDREN'S HOSPITAL CO-BRANDED MASSACHUSETTS LICENSE PLATES. A PORTION OF EACH LICENSE IS PAID BY THE MASSACHUSETTS REGISTRY OF MOTOR VEHICLES TO THE BOSTON CELTICS SHAMROCK FOUNDATION, WHICH IN TURN DONATES TO THE CHILDREN'S HOSPITAL OF BOSTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wycliffe K Grousbeck Director & CEO | OfficerTrustee | 5 | $0 |
Richard Gotham Exec. Clerk | Officer | 5 | $0 |
William Reissfelder Treasurer | Officer | 5 | $0 |
Stephen Pagliuca President & Dir | OfficerTrustee | 5 | $0 |
H Irving Grousbeck Director | Trustee | 1 | $0 |
Robert Epstein Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,846,642 |
| Related organizations | $0 |
| Government grants | $67,825 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,693,814 |
| Noncash contributions included in lines 1a–1f | $527,943 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,608,281 |
| Total Program Service Revenue | $0 |
| Investment income | $40,610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$775 |
| Net Income from Fundraising Events | -$668,459 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,979,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,974,352 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $100,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $67,845 |
| Office expenses | $20,574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $100 |
| 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 | $0 |
| All other expenses | $16,158 |
| Total functional expenses | $3,530,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,886,582 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $25,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $86,703 |
| Total assets | $4,998,285 |
| Accounts payable and accrued expenses | $94,485 |
| 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 | $609 |
| Total liabilities | $95,094 |
| Net assets without donor restrictions | $4,903,191 |
| 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 | $4,998,285 |
Grants Awarded
Over the last fiscal year, Boston Celtics Shamrock Foundation Inc has awarded $2,255,105 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ANTI-DEFAMATION LEAGUE PURPOSE: Support | $15,000 |
BERKLEE COLLEGE OF MUSIC PURPOSE: Support | $100,000 |
BOCH CENTER FOR PERFORM ARTS PURPOSE: Support | $50,000 |
BOSTON BRUINS FOUNDATION PURPOSE: Support | $15,000 |
BOSTON CHILDRENS HOSPITAL PURPOSE: Support | $100,000 |
BOYS & GIRLS CLUB OF GREATER PURPOSE: Support | $6,000 |