The Match Foundation Inc
- Assets
- $41.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Jamaica Plain, MA
- Founding
- 06/2000
- Data as of
- 06/2022
- EIN
- 04-3476160
Organization Overview
The Match Foundation Inc is located in Jamaica Plain, MA. The organization was established in 2000. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Match Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Match 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 06/2022, Match Foundation Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Match Foundation Inc has awarded 14 individual grants totaling $6,458,612. 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 MATCH FOUNDATION, INC. ALSO SUPPORTS THE CHARLES SPOSATO GRADUATESCHOOL OF EDUCATION, INC., A NOT-FOR-PROFIT CORPORATION THAT OFFERS AMASTERS IN EFFECTIVE TEACHING DEGREE TO CANDIDATES STUDYING ANDTRAINING TO TEACH IN HIGH-POVERTY URBAN SCHOOLS. ADDITIONALLY, THEMATCH FOUNDATION, INC. ENGAGES IN INITIATIVES TO DISSEMINATE BESTPRACTICES AND PROVIDE SUPPLEMENTARY SUPPORT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SUPPORT FOR MATCH CHARTER PUBLIC SCHOOL INCLUDING FACILITIES DEBT SERVICE AND TUTOR HOUSING. OPERATING SUPPORT TO CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Vettel Chair, Treasurer, Director | OfficerTrustee | 1 | $0 |
Orlando Watkins Clerk And Director | OfficerTrustee | 1 | $0 |
Robert Fogel Director | Trustee | 1 | $0 |
John Calhoun Director | Trustee | 1 | $0 |
Nnenna Ude President/ceo | Officer | 5 | $0 |
Anne Healy Chief Financial Officer | 40 | $131,006 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $768,138 |
| Investment income | $1,024,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,013 |
| 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 | $2,091,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $47,337 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $285,780 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,335 |
| Payroll taxes | $17,184 |
| Fees for services: Management | $145,403 |
| Fees for services: Legal | $1,509 |
| Fees for services: Accounting | $31,013 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,858 |
| Advertising and promotion | $6,345 |
| Office expenses | $398 |
| Information technology | $12,515 |
| Royalties | $0 |
| Occupancy | $32,245 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $605,436 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,425 |
| Insurance | $3,397 |
| All other expenses | $0 |
| Total functional expenses | $1,866,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,000 |
| Savings and temporary cash investments | $3,307,387 |
| Pledges and grants receivable | $105,598 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $22,271,425 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,802 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,840,259 |
| Total assets | $40,980,707 |
| Accounts payable and accrued expenses | $72,678 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $19,334,550 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $203,092 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $86,245 |
| Total liabilities | $19,696,565 |
| Net assets without donor restrictions | $21,176,514 |
| Net assets with donor restrictions | $107,628 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $21,284,142 |
Grants Awarded
Over the last fiscal year, The Match Foundation Inc has awarded $1,824,891 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MATCH CHARTER PUBLIC SCHOOL PURPOSE: TO SUPPORT THE MATCH CHARTER PUBLIC SCHOOL | $353,832 |
THE CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION INC PURPOSE: TO SUPPORT THE CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION, INC. | $400,000 |
FIVE SMOOTH STONES FOUNDATION PURPOSE: TO PASS AMERICORPS FUNDING FROM THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE TO SUBGRANTEE. | $100,499 |
FISHTANK LEARNING LLC PURPOSE: THE FOUNDATION AGREED TO TRANSFER TO FISHTANK LEARNING CERTAIN ASSETS, INCLUDING CASH, INTELLECTUAL PROPERTY AND LICENSES, WHICH WERE RESTRICTED FOR USE IN CONNECTION WITH THE PROGRAM THAT HAD BEEN HISTORICALLY OPERATED BY THE FOUNDATION. | $970,560 |