Boston Benefits Foundation is located in Westwood, MA. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Benefits Foundation 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 12/2021, Boston Benefits Foundation generated $34.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $24.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
BOSTON BENEFITS FOUNDATION IS OPERATED EXCLUSIVELY FOR CHARITABLE,LITERARY,RELIGIOUS, SCIENTIFIC AND EDUCATIONAL PURPOSES. THE FOUNDATION PROMOTES AND ENCOURAGES EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITIES FOR CHILDREN FROM THE GREATER BOSTON METROPOLITAN REGION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Charles S Bean III President/di | 0 | $0 | |
Charles F Murphy III Clerk/ Direc | 0 | $0 | |
Michael J Gill Treasurer/as | 0 | $0 | |
Peter Higgins Director | 0 | $0 | |
John Cronin Director | 0 | $0 | |
David P Murphy Director | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $12,846 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $8,510 |
Gain or Loss | $13,349 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $34,705 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $8,505 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $4,318 |
Other expenses | $1,365 |
Total expenses | $24,188 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $382,683 |
Other assets | $0 |
Total assets | $382,683 |
Total liabilities | $0 |
Net assets or fund balances | $382,683 |
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