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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Healy Chief Financial Officer | 40 | $131,006 | |
Matthew Vettel Chair, Treasurer, Director | OfficerTrustee | 1 | $0 |
Orlando Watkins Clerk And Director | OfficerTrustee | 1 | $0 |
Nnenna Ude President/ceo | Officer | 5 | $0 |
Robert Fogel Director | Trustee | 1 | $0 |
John Calhoun Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $479,226 |
| All other contributions, gifts, grants, and similar amounts not included above | $288,912 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $768,138 |
| Total Program Service Revenue | $0 |
| 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 organizations and domestic governments. | $496,626 |
| 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 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 |
| Net Land, buildings, and equipment | $1,066,236 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $40,980,707 |
Grants Awarded
Over the last fiscal year, The Match Foundation Inc has awarded $1,824,891 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA 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 |
Boston, MA PURPOSE: TO SUPPORT THE CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION, INC. | $400,000 |
MATCH CHARTER PUBLIC SCHOOL PURPOSE: TO SUPPORT THE MATCH CHARTER PUBLIC SCHOOL | $353,832 |
FIVE SMOOTH STONES FOUNDATION PURPOSE: TO PASS AMERICORPS FUNDING FROM THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE TO SUBGRANTEE. | $100,499 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Match Foundation Inc has recieved totaling $5,095.
| Awarding Organization | Amount |
|---|---|
Yawkey Foundation Ii Dedham, MA PURPOSE: EDUCATION & ENRICHMENT OPPORTUNITIES FOR UNDERSERVED YOUTH | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $95 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |
Excellence Community Schools Inc Bronx, NY | $14,097,138 | $10,250,785 |
Futures In Education Brooklyn, NY | $11,663,497 | $8,970,011 |
National Center For Hebrew Language Charter School Excellence New York, NY | $4,301,333 | $7,260,290 |