Broad Reach Foundation is located in Boston, MA. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Broad Reach 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, Broad Reach Foundation generated $51.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $24.7m during the year ending 12/2021. While expenses have increased by 37.1% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carol Richards President/director | 0 | $0 | |
Adam Richards Secretary/director | 0 | $0 | |
Peter Richards Treasurer/director | 0 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Meghan Jeans | 12/30/21 | $86,625 |
Jaime Pullen | 12/30/21 | $113,250 |
J Arthur Greenfield & Co Llp | 12/30/21 | $55,750 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $25,601,786 |
Interest on Savings | $0 |
Dividends & Interest | $3,192,167 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $22,634,039 |
Capital Gain Net Income | $43,680,394 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $51,427,992 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $124,533 |
Pension plans, employee benefits | $12,453 |
Interest | $0 |
Taxes | $564,139 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $1,038,374 |
Total operating and administrative expenses | $2,133,249 |
Contributions, gifts, grants paid | $22,600,000 |
Total expenses and disbursements | $24,733,249 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $19,997,659 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $45,282,634 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $154,449,873 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Over the last fiscal year, Broad Reach Foundation has awarded $22,600,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
San Francisco, CA PURPOSE: QUALIFIED CHARITABLE PURPOSES | $12,100,000 |
MAINE COMMUNITY FOUNDATION PURPOSE: QUALIFIED CHARITABLE PURPOSES | $10,500,000 |
Organization Name | Assets | Revenue |
---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |
Jerome L Greene Foundation Inc New York, NY | $761,173,462 | $44,061,271 |
Howard Gilman Foundation Inc New York, NY | $600,733,170 | $27,754,418 |