Massachusetts Wonderfund Inc
- Assets
- $10.5m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Boston, MA
- Founding
- 02/1999
- Data as of
- 06/2022
- EIN
- 04-3443890
Organization Overview
Massachusetts Wonderfund Inc is located in Boston, MA. The organization was established in 1999. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Massachusetts Wonderfund Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Wonderfund 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 06/2022, Massachusetts Wonderfund Inc generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 53.6% each year . All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 41.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WONDERFUND INVESTS IN CHILDREN RECEIVING SERVICES FROM DCF BY PROVIDING ENRICHMENT OPPORTUNITIES AND ACCESS TO EMERGENCY AID AND TRANSITIONAL NECESSITIES.THE WONDERFUND IS A PRIVATE, NONPROFIT 501(C)3 THAT SERVES CHILDREN ENGAGED WITH THE MASSACHUSETTS DEPARTMENT OF CHILDREN AND FAMILIES BY BRINGING COMFORT AND DIGNITY IN TRAUMATIC SITUATIONS, AND ENRICHING CHILDHOODS THAT HAVE BEEN IMPACTED BY ABUSE AND NEGLECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENRICHMENT GRANTS (THE FUN STUFF):WE INVEST IN MOMENTS: MUSIC LESSONS, SAT PREP, SOCCER CAMP. THESE MOMENTS BUILD CONFIDENCE, CHARACTER, AND FOSTER LIFE-LONG RESPECT FOR SELF AND OTHERS THROUGH KEEPING CHILDREN'S MINDS AND BODIES ACTIVE OUTSIDE OF SCHOOL. WE BELIEVE EVERY KID DESERVES TO DO THE THINGS THEY LOVE AND OUR GOAL IS TO ENRICH THE LIVES OF OUR KIDS. WE WANT THEM TO HAVE SOME OF THE SAME MOMENTS OF JOY AS OUR OWN FAMILIES.EMERGENCY REMOVAL KITS AND BASIC NECESSITIES (THE TOUGH STUFF):WE PROVIDE FUNDS FOR THE FIRST NIGHT WHEN A CHILD IS REMOVED FROM THEIR HOME, A MOMENT THAT IS DIFFICULT FOR ALL INVOLVED. WE PROVIDE A DUFFEL BAG AND FUNDS FOR NECESSITIES LIKE SEASON-APPROPRIATE CLOTHING AND PAJAMAS TO GIVE THEM SOMETHING OF THEIR OWN IN A STRANGE NEW PLACE. WE ALSO PROVIDE EMERGENCY FUNDS FOR WINTER COATS AND OTHER NECESSITIES FOR CHILDREN ACROSS MASSACHUSETTS.HOLIDAY DRIVE (THE PRESENTS AND STUFF):WE BELIEVE THAT EVERYBODY DESERVES A GIFT DURING THE HOLIDAYS AND WE ARRANGE DONATED GIFTS ACROSS THE STATE AND RAISE FUNDS TO PROVIDE GIFTS FOR CHILDREN AND TEENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Collins Director | Trustee | 1 | $0 |
Jennifer Marino Director | Trustee | 1 | $0 |
Saf Caruso Director | Trustee | 1 | $0 |
Elizabeth Legault Director | Trustee | 1 | $0 |
Richard Lynch Director | Trustee | 1 | $0 |
V Kadir Kadhiresan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $92,548 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,376,525 |
| Noncash contributions included in lines 1a–1f | $2,511,516 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,469,073 |
| Total Program Service Revenue | $0 |
| Investment income | $27,452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $280 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,496,805 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,731,228 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $208,729 |
| Compensation of current officers, directors, key employees. | $31,310 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,786 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,608 |
| Payroll taxes | $31,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $85,627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $175,678 |
| Advertising and promotion | $24,959 |
| Office expenses | $38,245 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,331 |
| 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 | $4,533 |
| All other expenses | $7,174 |
| Total functional expenses | $4,686,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,035,575 |
| Savings and temporary cash investments | $214 |
| Pledges and grants receivable | $1,953,764 |
| 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 | $22,812 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,532,361 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,544,726 |
| Accounts payable and accrued expenses | $56,954 |
| 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 | $56,954 |
| Net assets without donor restrictions | $8,420,914 |
| Net assets with donor restrictions | $2,066,858 |
| 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 | $10,544,726 |