Fund For Boston Neighborhoods Inc
- Assets
- $848.1k
- Revenue
- $54.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/1968
- Data as of
- 06/2021
- EIN
- 04-6185609
Organization Overview
Fund For Boston Neighborhoods Inc is located in Boston, MA. The organization was established in 1968. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Boston Neighborhoods 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 06/2021, Fund For Boston Neighborhoods Inc generated $54.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (31.7%) each year. All expenses for the organization totaled $108.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (25.3%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND FOR BOSTON NEIGHBORHOODS, INC. IS COMMITTED TO SUPPORTING THE CIVIC LIFE IN THE CITY OF BOSTON THROUGH PUBLIC PROGRAMMING FOR THE BENEFIT (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON SEPTEMBER 19, 2021 THE 15TH ANNUAL HUB ON WHEELS CITYWIDE BIKE CYCLISTS OF ALL AGES FBNI OFFERED A VIRTUAL HUB ON WHEELS FOR THOUSANDS OF CYCLISTS TO ENJOY DURING THE COVID-19 PANDEMIC.
DURING THE HOLIDAYS, MAYOR WALSH SPENDS THREE DAYS TRAVELING TO EACH NEIGHBORHOOD IN THE CITY ALONG WITH SANTA AND HIS ELVES. THE MAYOR LIGHTS THE CHRISTMAS TREE AND TOYS ARE HANDED OUT TO 2,500 CHILDREN ALONG THE ROUTE.
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 |
|---|---|---|---|
Julie Burns Treasurer | OfficerTrustee | 2 | $0 |
Segun Idowu President | OfficerTrustee | 10 | $0 |
Amy Yandle Clerk | Trustee | 2 | $0 |
Alexi Tkachuk Director | Trustee | 8 | $0 |
Willie E Hicks Director | Trustee | 2 | $0 |
Ken Ryan Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,500 |
| Total Program Service Revenue | $0 |
| Investment income | $84 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $54,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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 | $0 |
| 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 | $15,349 |
| Advertising and promotion | $0 |
| Office expenses | $2,009 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,586 |
| Insurance | $905 |
| All other expenses | $0 |
| Total functional expenses | $108,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,883 |
| Savings and temporary cash investments | $300,654 |
| 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 | $1,711 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $114,875 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $848,123 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $559,758 |
| Net assets with donor restrictions | $288,365 |
| 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 | $848,123 |
Grants Awarded
Over the last fiscal year, Fund For Boston Neighborhoods Inc has awarded $25,066 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST NIGHT BOSTON PURPOSE: DONATION FOR THE FIRST NIGHT EVENT | $20,000 |
Boston, MA PURPOSE: DONATION FOR THE ADOPT A STATUE PROGRAM | $5,066 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fund For Boston Neighborhoods Inc has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Middlesex Opportunity Council Inc Framingham, MA | $58,219,671 | $100,623,342 |
Bronxworks Inc Bronx, NY | $54,602,777 | $94,783,683 |
Sheltering Arms Children And Family Services Inc New York, NY | $61,235,788 | $88,686,017 |
North Shore Community Services Inc Westbury, NY | $256,637,537 | $86,285,675 |
Catholic Charities Of The Diocese Of Rochester Rochester, NY | $80,143,075 | $94,807,036 |
Community Assistance Resources & Extended Services Inc New York, NY | $66,076,171 | $123,796,849 |
New Hampshire Catholic Charities Inc Manchester, NH | $140,545,315 | $96,098,300 |
Jewish Child Care Association Of New York Brooklyn, NY | $129,020,546 | $88,573,003 |
Urban Resource Institute New York, NY | $63,202,447 | $74,244,658 |
Mount Sinai Health System Executive V P For Finance New York, NY | $0 | $70,946,441 |
Birch Family Services Inc New York, NY | $68,113,610 | $78,917,553 |
Catholic Charities Of The Roman Catholic Diocese Of Syracuse Ny Syracuse, NY | $64,792,131 | $74,096,320 |