Boston Bruins Charitable Foundation Inc
- Assets
- $2.2m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/2003
- Data as of
- 06/2022
- EIN
- 20-0172439
Organization Overview
Boston Bruins Charitable Foundation Inc is located in Boston, MA. The organization was established in 2003. 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 Bruins Charitable 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, Boston Bruins Charitable Foundation Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 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.
Since 2015, Boston Bruins Charitable Foundation Inc has awarded 781 individual grants totaling $26,905,689. 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
TO ASSIST CHARITABLE ORGANIZATIONS THAT DEMONSTRATE A STRONG COMMITMENT TO ENHANCING THE QUALITY OF LIFE FOR CHILDREN IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOSTON BRUINS FOUNDATION (BBF) IS A 501(C)(3) NON-PROFIT FOUNDATION WHOSE MISSION IS TO ASSIST CHARITABLE ORGANIZATIONS THAT DEMONSTRATE A STRONG COMMITMENT TO ENHANCING THE QUALITY OF LIFE FOR CHILDREN THROUGHOUT NEW ENGLAND. SINCE ITS INCEPTION IN JULY 2003 BY THE JACOBS FAMILY, IT HAS RAISED MORE THAN $35 MILLION DOLLARS THROUGH A SERIES OF FUNDRAISING EVENTS. THE FOUNDATION, WHICH PROVIDES GRANTS TO ORGANIZATIONS THAT MEET THE STANDARDS OF ITS MISSION, CONCENTRATES ON ATHLETICS, ACADEMICS, HEALTH, AND COMMUNITY OUTREACH PROGRAMS THAT ASSIST IN HELPING ENRICH THE LIVES OF CHILDREN THROUGHOUT NEW ENGLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Jacobs Cheif Executive Officer | OfficerTrustee | 1 | $0 |
Sean Sullivan Treasurer | OfficerTrustee | 1 | $0 |
Janice Trybus Clerk | OfficerTrustee | 1 | $0 |
Robert Sweeney President | OfficerTrustee | 40 | $0 |
Kerry Collins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,493,757 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $444,865 |
| Noncash contributions included in lines 1a–1f | $14,693 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,938,622 |
| Total Program Service Revenue | $0 |
| Investment income | $72 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $41,115 |
| Net Income from Gaming Activities | $987,321 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,967,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,172,273 |
| 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 | $15,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,542 |
| Advertising and promotion | $0 |
| Office expenses | $3,149 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $5,173 |
| Total functional expenses | $3,251,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,936,952 |
| Savings and temporary cash investments | $240,373 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,900 |
| 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 | $5,549 |
| Net Land, buildings, and equipment | $1,521 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,509 |
| Total assets | $2,200,804 |
| Accounts payable and accrued expenses | $115,489 |
| Grants payable | $603,023 |
| Deferred revenue | $218,922 |
| 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 | $937,434 |
| Net assets without donor restrictions | $1,263,370 |
| Net assets with donor restrictions | $0 |
| 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 | $2,200,804 |
Grants Awarded
Over the last fiscal year, Boston Bruins Charitable Foundation Inc has awarded $2,992,887 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
Duxbury, MA PURPOSE: COMMUNITY SUPPORT | $422,476 |
Marlborough, MA PURPOSE: COMMUNITY SUPPORT | $394,549 |
Needham, MA PURPOSE: COMMUNITY SUPPORT | $236,828 |
Cambridge, MA PURPOSE: COMMUNITY SUPPORT | $215,000 |
THOMAS E SMITH FOUNDATION (THE) PURPOSE: COMMUNITY SUPPORT | $178,850 |
Gloucester, MA PURPOSE: COMMUNITY SUPPORT | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Boston Bruins Charitable Foundation Inc has recieved totaling $36,316.
| Awarding Organization | Amount |
|---|---|
Ocean State Job Lot Charitable Foundation North Kingstown, RI PURPOSE: PROGRAM OPERATION | $34,282 |
William E Maloney Foundation Lexington, MA PURPOSE: SUPPORTS THE MISSION OF HEALTH AND WELLNESS THROUGH COLLABORATION WITH OTHER CHARITABLE ORGANIZATIONS. | $1,000 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $750 |
Hallmark Corporate Foundation Kansas City, MO PURPOSE: GENERAL PURPOSE | $200 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 11/03/21 | $50 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |
Student Leadership Network Inc New York, NY | $11,626,545 | $12,224,104 |
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |