Associated Grant Makersinc

“Philanthropy massachusetts, inc. Is a membership organization. Members are required to make annual payments for their membership.”

“Members who have paid their annual membership fees are entitled to one vote. Board members are nominated by their peers and are voted by members during the annual meeting.”

“Every member is entitled to one vote. When a quorum is reached, board members are elected by majority votes from members. Majority votes by members are also required to amend certain provisions of the by-laws including, determination of members of the corporation, removal of directors, indemnification of directors & others and transactions with interested members, directors, officers or employees, except where a larger majority vote may be required by law, the articles of organization and by-laws.”

“The executive committee of the board of directors has designated the board treasurer as the reviewer of the form 990. The treasurer reviews the form 990 and then contacts the tax return preparer with questions and changes. Once questions have been addressed, the treasurer informs the finance committee and then provides a digital copy of the form 990 to all board members. Subsequently the treasurer authorizes the tax preparer to electronically submit the form 990 to the internal revenue service.”

“Philanthropy massachusetts provides board members a conflict of interest policy with list of vendors to review and disclose any conflicts.”

“The executive committee reviews the ceo's performance and sets compensation after completion of an annual review by the chair and vice chair. Compensation is set based after review of regional non-profit compensation data and philanthropy massachusetts' budget parameters as set by the finance committee. The ceo and finance committee set the other employees' salaries based on salary surveys from field experts including united philanthropy forum, tsne mission works and guidestar. Ceo compares staff positions to other individuals holding similar positions in similar agencies.”

“Philanthropy massachusetts, inc. Uses its website to publicize its mission statement, lists its board members, as well as its program and annual reports. Other organizational documents, including 990's, are available upon a written request. The organizational 990 is also available on www.guidestar.com and on philanthropy massachusetts' website.”

“Outside services: program service expenses 831,523. Management and general expenses 46,233. Fundraising expenses 282. Total expenses 878,038.”

“Philanthropy massachusetts, inc. Has not changed their oversight or selection process during the tax year.”