Overview
What is Philanthropy Massachusettsinc?
Philanthropy Massachusettsinc, located at 133 Federal Street, 802, Boston, MA 02110, is a nonprofit organization dedicated to promoting responsible and effective philanthropy. Their primary mission is to enhance the health and vitality of the region. One of their notable initiatives, the Summer Fund, supports disadvantaged and at-risk youth communities in Greater Boston through summer camps and programs. In 2022, they aided over 50 nonprofits operating over 100 summer camp and program sites, providing funding for general operations, a homeless camper scholarship fund, and a mental health fund for their portfolio of camps. With a team of 13 employees, Philanthropy Massachusettsinc continues to foster positive change in the community.
Official website here: www.philanthropyma.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Philanthropy Massachusettsinc has achieved an impressive 95% rating from Charity Navigator, indicating a high level of accountability and financial health. The organization excels with an Accountability & Finance score of 97, showcasing strong governance practices, a fully independent board, and robust financial oversight. Their effective management is highlighted by excellent program expense and fundraising efficiency ratios, demonstrating a commitment to maximizing resources for their mission.
In addition to financial accountability, Philanthropy Massachusettsinc also scores well in cultural and community engagement, earning an 86% in this area. The organization is noted for its strong feedback mechanisms, achieving perfect scores in feedback collection and usage, which indicates a responsive approach to stakeholder engagement. This commitment to transparency and responsiveness enhances their overall credibility and effectiveness in serving their constituents.
However, there are some areas for improvement, particularly in their equity strategies score of 79. While they have solid policies in place, there is room for growth in their equity policies and processes, which scored 4 out of 7. This suggests that while the organization is performing well, there are opportunities to enhance their inclusivity and equitable practices moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Philanthropy Massachusettsinc legitimate?
Philanthropy Massachusettsinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philanthropy Massachusettsinc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $194,014
Professional Fundraising Fees: $0
Other Salaries and Wages: $676,287
For more financial information, click here
Official website here: www.philanthropyma.org
What is the mission statement of Philanthropy Massachusettsinc?
Philanthropy Massachusettsinc's mission is centered around promoting the practice and expansion of effective and responsible philanthropy. The primary goal is to enhance the health and vitality of the region. To achieve this, the organization actively encourages the implementation of philanthropic practices that can bring about positive changes. They do not specify the nature of the region, keeping their focus on a broader, universal scope.
As part of their mission, they have established the Summer Fund, a 51-year-old donor collaborative. This initiative supports summer camps and programs for disadvantaged and at-risk youth communities in Greater Boston. In 2022, the Summer Fund provided support to over 50 nonprofits operating over 100 summer camp and program sites. They have funded general operating costs, a homeless campership fund, and a mental health fund for the portfolio of camps. This demonstrates their commitment to supporting various aspects of these communities' well-being.
Official website here: www.philanthropyma.org
Who is the CEO of Philanthropy Massachusettsinc?
Jeffrey Poulos is the Chief Executive Officer of Philanthropy Massachusettsinc. The CEO's salary of Philanthropy Massachusettsinc is $171,737 and their total compensation is $194,014.
Official website here: www.philanthropyma.org
What is the revenue of Philanthropy Massachusettsinc?
Philanthropy Massachusettsinc's revenue in 2022 was $5,120,194.
Official website here: www.philanthropyma.org
Who are the executives of Philanthropy Massachusettsinc and what are their salaries?
The average compensation at Philanthropy Massachusettsinc during 2022 was $66,946. There are 13 employees and 100 volunteers at Philanthropy Massachusettsinc.
Here are 25 key members and their salaries (Philanthropy Massachusettsinc's CEO's salary is $171,737 and their total compensation is $194,014):
- Compensation: $171,737
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Official website here: www.philanthropyma.org
Where can I find the form 990 for Philanthropy Massachusettsinc?
Philanthropy Massachusettsinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.philanthropyma.org
Learn more at the official website: www.philanthropyma.org
Mission Statement of Philanthropy Massachusettsinc
Philanthropy Massachusettsinc, a notable organization, is committed to promoting the practice and expansion of responsible and effective philanthropy to enhance the health and vitality of the region. In simpler terms, this nonprofit aims to encourage and foster philanthropic activities that contribute positively to the well-being of the community.
One of the ways Philanthropy Massachusettsinc accomplishes this mission is through its Summer Fund. Established over five decades ago, this collaborative donor initiative supports summer camps and programs for disadvantaged and at-risk youth in greater Boston. In 2022 alone, the Summer Fund assisted over 50 nonprofits operating over 100 summer camp and program sites. These funds were allocated towards general operating expenses, a homeless campership fund, and a mental health fund for the portfolio of camps, ensuring a holistic approach to improving the lives of these young people.
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Impact
July, 2024
Philanthropy Massachusettsinc's impact is centered around promoting the practice and expansion of effective and responsible philanthropy to improve the health and vitality of the region. One notable initiative is the Summer Fund, a 51-year-old donor collaborative that supports summer camps and programs for disadvantaged and at-risk youth communities in Greater Boston. In 2022, the Summer Fund supported over 50 organizations operating over 100 summer camp and program sites. This included providing general operating support, a homeless campership fund, and a mental health fund for the portfolio of camps. Through such initiatives, Philanthropy Massachusettsinc plays a significant role in enhancing the well-being and opportunities for youth in the region.
This information is meant to be a general summary of Philanthropy Massachusettsinc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $27,346
- Program Service Revenue: $384,576
- Gross Receipts: $5,120,194
Assets and Liabilities:
- Total Assets: $4,841,096
- Total Liabilities: $910,501
- Net Assets: $3,930,595
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEE
Revenue
$384,576
Organization Details
Founding Year
1969
Phone
(617) 426-2606Principal Officer
Jeffrey Poulos
Main Address
133 FEDERAL STREET 802, BOSTON, MA, 02110
Website
www.philanthropyma.orgNTEE Category
Code: T70Z - Philanthropy
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