Greater Boston Real Estate Board Foundation
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 22-3299681
Organization Overview
Greater Boston Real Estate Board Foundation is located in Boston, MA. The organization was established in 1994. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., 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. Greater Boston Real Estate Board 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 12/2022, Greater Boston Real Estate Board Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $704.2k during the year ending 12/2022. While expenses have increased by 11.4% per year over the past 8 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, Greater Boston Real Estate Board Foundation has awarded 58 individual grants totaling $984,700. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GRANTS TO CHARITABLE 501(C) ORGANIZATIONS WHOSE ACTIVITIES ARE CONDUCTED IN THE GREATER BOSTON AREA.
Describe the Organization's Program Activity:
THE GREATER BOSTON REAL ESTATE BOARD FOUNDATION WAS ESTABLISHED IN 1994 TO PROVIDE CONTRIBUTIONS TO HOUSING RELATED CHARITIES. IN ADDITION, THE FOUNDATION PROVIDES SCHOLARSHIPS FOR ELIGIBLE GRADUATING HIGH SCHOOL SENIORS TO ATTEND COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Bora Chair | OfficerTrustee | 0.5 | $0 |
Kate Franco Chair-Elect | OfficerTrustee | 0.5 | $0 |
Michael S Edward Treasurer | OfficerTrustee | 0.5 | $0 |
Bill Tanski Clerk/asst. Treasurer | OfficerTrustee | 0.5 | $0 |
Dino Confalone Finance Chair | Trustee | 0.5 | $0 |
Guy Corricelli Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,065,322 |
| Related organizations | $155,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,188 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,286,010 |
| Total Program Service Revenue | $0 |
| Investment income | $492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$147,392 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,141,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $212,982 |
| Grants and other assistance to domestic individuals. | $163,000 |
| 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 | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208,313 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Total functional expenses | $704,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,253 |
| Savings and temporary cash investments | $1,101,584 |
| 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 | $6,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,498 |
| Total assets | $1,328,335 |
| Accounts payable and accrued expenses | $5,000 |
| 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 | $32,952 |
| Total liabilities | $37,952 |
| Net assets without donor restrictions | -$604,094 |
| Net assets with donor restrictions | $1,894,477 |
| 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 | $1,328,335 |
Grants Awarded
Over the last fiscal year, Greater Boston Real Estate Board Foundation has awarded $164,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CARITAS COMMUNITIES PURPOSE: GENERAL SUPPORT | $12,500 |
FAMILY AID BOSTON PURPOSE: GENERAL SUPPORT | $15,000 |
HOME START INC PURPOSE: GENERAL SUPPORT | $15,000 |
ROSIE'S PLACE PURPOSE: GENERAL SUPPORT | $40,000 |
THE BASE PURPOSE: GENERAL SUPPORT | $10,000 |
METROPOLITAN COUNCIL FOR EDUCATIONAL OPPORTUNITY PURPOSE: GENERAL SUPPORT | $10,000 |