Civic Intelligence

The Boston Globe Foundation Inc

990 • Fiscal year 2013 • EIN 04-2731195

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 11, 2014

135 Morrissey BoulevardBoston, MA 02125

(617) 929-2092

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.08x

Higher debt load relative to assets than 44% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

54th percentile

0.13x

Higher debt load relative to revenue than 54% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

84th percentile

32%

Higher net margin than 84% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

87th percentile

29%

Faster asset growth than 87% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$2,511,535

Up $560,175 (+29%) from 2012

Net Assets

Up

$2,322,171

Up $486,946 (+27%) from 2012

Liabilities

Up

$189,364

Up $73,229 (+63%) from 2012

Revenue

$1,410,284

No earlier filing loaded for comparison.

Expenses

Down

$961,955

Down $169,730 (-15%) from 2012

Net Income

$448,329

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $1,928,296Liabilities 2010: $281,846Net Assets 2010: $1,646,4502010Assets 2011: $1,837,052Liabilities 2011: $189,752Net Assets 2011: $1,647,3002011Assets 2012: $1,951,360Liabilities 2012: $116,135Net Assets 2012: $1,835,2252012Assets 2013: $2,511,535Liabilities 2013: $189,364Net Assets 2013: $2,322,1712013Assets 2014: $3,107,260Liabilities 2014: $228,023Net Assets 2014: $2,879,2372014Assets 2015: $3,433,066Liabilities 2015: $207,082Net Assets 2015: $3,225,9842015Assets 2016: $3,548,723Liabilities 2016: $297,769Net Assets 2016: $3,250,9542016Assets 2017: $3,226,704Liabilities 2017: $255,981Net Assets 2017: $2,970,7232017Assets 2018: $2,717,524Liabilities 2018: $170,755Net Assets 2018: $2,546,7692018Assets 2019: $2,457,217Liabilities 2019: $86,949Net Assets 2019: $2,370,2682019Assets 2020: $2,683,366Liabilities 2020: $87,678Net Assets 2020: $2,595,6882020Assets 2021: $3,270,015Liabilities 2021: $220,318Net Assets 2021: $3,049,6972021Assets 2022: $3,475,027Liabilities 2022: $121,338Net Assets 2022: $3,353,6892022Assets 2023: $4,859,580Liabilities 2023: $146,791Net Assets 2023: $4,712,7892023Assets 2024: $5,071,900Liabilities 2024: $55,535Net Assets 2024: $5,016,3652024

Highlighted filing

2013

Assets$2,511,535
Liabilities$189,364
Net Assets$2,322,171

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,386,3272010Expenses 2011: $1,278,6212011Expenses 2012: $1,131,6852012Revenue 2013: $1,410,284Expenses 2013: $961,955Net Income 2013: $448,3292013Revenue 2014: $1,383,237Expenses 2014: $850,761Net Income 2014: $532,4762014Revenue 2015: $1,868,432Expenses 2015: $1,493,422Net Income 2015: $375,0102015Revenue 2016: $1,442,620Expenses 2016: $1,443,750Net Income 2016: -$1,1302016Revenue 2017: $1,198,767Expenses 2017: $1,510,848Net Income 2017: -$312,0812017Revenue 2018: $1,269,347Expenses 2018: $1,664,134Net Income 2018: -$394,7872018Revenue 2019: $1,404,849Expenses 2019: $1,635,372Net Income 2019: -$230,5232019Revenue 2020: $1,988,263Expenses 2020: $1,791,802Net Income 2020: $196,4612020Revenue 2021: $1,969,338Expenses 2021: $1,572,992Net Income 2021: $396,3462021Revenue 2022: $1,783,029Expenses 2022: $1,426,136Net Income 2022: $356,8932022Revenue 2023: $2,852,901Expenses 2023: $1,524,629Net Income 2023: $1,328,2722023Revenue 2024: $1,949,273Expenses 2024: $1,684,186Net Income 2024: $265,0872024

Highlighted filing

2013

Revenue$1,410,284
Expenses$961,955
Net Income$448,329
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 11, 2014
Return Version
2013v3.0
Gross Receipts
$1,436,645
Mission and Program Overview

Mission

To conduct various community and public service programs, including distributing holiday gifts to needy children and providing educational scholarships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,470,063$1,908,931▲ $438,868
Investments in Publicly Traded Securities$271,131$312,601▲ $41,470
Inventories for Sale or Use$204,882$284,279▲ $79,397
Pledges and Grants Receivable$3,695$4,648▲ $953
Savings and Temporary Cash Investments$1,589$1,076▼ $513
Total Assets$1,951,360$2,511,535▲ $560,175
Liabilities
Accounts Payable and Accrued Expenses$116,135$189,364▲ $73,229
Total Liabilities$116,135$189,364▲ $73,229
Net Assets / Fund Balance
Unrestricted Net Assets$1,555,581$2,322,171▲ $766,590
Temporarily Rstr Net Assets$279,644$0▼ $279,644
Total Net Assets Fund Balance$1,835,225$2,322,171▲ $486,946
Total Liabilities and Net Assets / Fund Balance$1,951,360$2,511,535▲ $560,175
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christopher MayerPresident (resigned 2013)
Charlotte VenaDirector
Ellen CleggDirector
Jane BowmanDirector
Linda Pizzuti HenryDirector
Mark HilemanDirector
Robert SaurerDirector
Kenneth a RichieriAssistant Clerk (resigned 2013)
Karen BrayAssistant Treasurer
Laurena L EmhoffAssistant Treasurer (resigned 2013)
Randall K ShortAssistant Treasurer (resigned 2013)
Emily ProcknalClerk
Christopher HallClerk (resigned 2013)
James LevyTreasurer
James M FolloVP - Finance (resigned 2013)
Revenue and Support

Revenue Composition

Contributions and Grants
$1,374,724
Program Service Revenue
$0
Investment Income
$35,560
Other Revenue
$0
All Other Contributions
$1,374,724
Change in Net Assets
$448,329

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Books and Publications-$112,890Fair Market Value
Other Non Cash Contri Table3,548$27,994Fair Market Value
Other Non Cash Contri Table400$20,000Fair Market Value
Other Non Cash Contri Table4,756$6,918Fair Market Value
Clothing and Household Goods-$4,000Fair Market Value
Total Noncash Contributions8,704$171,802-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,410,284
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$504,097
Total Revenue per Audited Statements
$1,914,381
Total Revenue per Form 990
$1,410,284
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$849,835
Other Expenses$112,120
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$849,835--$849,835
Fees for Services Other-$23,790-$23,790
Other Expenses$90,035$-1,705-$-1,705
Total Functional Expenses$939,870$22,085$0$961,955

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,427,435
Expenses per Audited Statements$961,955
Total Expenses per Form 990$961,955
Expenses Not Reported on Form 990$465,480
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

Ownership of the boston globe foundation changed from the new york times to bgmp in 2013. Significant changes to the board structure were made at the same time.

Form 990, Part VI, Section A, Line 6

Boston globe media partners, llc is the sole member of the boston globe foundation.

Form 990, Part VI, Section A, Line 7A

Boston globe media partners, llc elects all directors of the boston globe foundation.

Form 990, Part VI, Section A, Line 7B

Boston globe media partners, llc elects all directors of the boston globe foundation, and has the power to remove them.

Form 990, Part VI, Section B, Line 11

The foundation's outside accountants prepare the tax return based on audited financial statements and information provided by management. The return is then reviewed by the foundation's treasurer and accountant prior to its filing with the irs.

Form 990, Part VI, Section B, Line 12

Due to the small size of people involved with the foundation's transactions and because the individuals involved are aware of the policies, there is no mandatory annual disclosure on conflict of interest. However, there are ongoing communications regarding any conflicts that may arise.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, form 990 and financial statements available to the public upon request for the same period of disclosure as set forth in section 6104(d). In addition, the form 990 can be accessed via guidestar and the massachusetts attorney general website.

Filing and Contact Details

Filer

EIN
04-2731195
Phone
6179292092

Signing Officer

Name
James Levy
Title
Treasurer
Phone
6179292092
Signed
2014-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Levy
Formed
1981
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
140

Preparer

Preparer
Lynne Johnson
Phone
6179129000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The foundation follows fasb asc 740, "income taxes", which clarifies the accounting for uncertainty in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. It also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Management believes that the foundation has no material uncertainties in income taxes. The foundation is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before 2010. The foundation will account for interest and penalties related to uncertain tax positions, if any, as part of tax expense.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT (RESIGNED 2013)
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/InventoriesForSaleOrUseGrp/EOYAmt0284279
IRS990/InvestmentIncomeGrp/ExclusionAmt030921
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt030921
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0271131
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0312601
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt026361
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO CONDUCT VARIOUS COMMUNITY AND PUBLIC SERVICE PROGRAMS, INCLUDING DISTRIBUTING HOLIDAY GIFTS TO NEEDY CHILDREN AND PROVIDING EDUCATIONAL SCHOLARSHIPS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01835225
IRS990/NetAssetsOrFundBalancesEOYAmt02322171
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt04639
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04639
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt038617
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0171802
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SHIPPING EXPENSE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0-1705
IRS990/OtherExpensesGrp/ProgramServicesAmt090035
IRS990/OtherExpensesGrp/TotalAmt090035
IRS990/OtherExpensesGrp/TotalAmt1-1705
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03695
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt04648
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMES LEVY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0WINSHIP SCHOLARSHIP PROGRAM AND MAJORIE L. ADAMS SCHOLARSHIP PROGRAM: PROVIDES SCHOLARSHIP AID TO FULL-TIME EMPLOYEES OF THE BOSTON GLOBE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt033000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt033000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01265033
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01007470
IRS990/PYInvestmentIncomeAmt04411
IRS990/PYOtherExpensesAmt0124215
IRS990/PYOtherRevenueAmt018723
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0156482
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01131685
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01288167
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0448329
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01589
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01076
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01374724
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01265033
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01274705
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01475779
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01165049
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06555290
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt030921
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06252
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt019841
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt09429
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt026424
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt092867
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt033051
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt058500
IRS990ScheduleA/OtherIncome170Grp/TotalAmt091551
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97260
IRS990ScheduleA/PublicSupportPY170Pct00.97990
IRS990ScheduleA/PublicSupportTotal170Amt06555290
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01374724
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01265033
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01274705
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01475779
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01165049
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06555290
IRS990ScheduleA/TotalSupportAmt06739708
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0465480
IRS990ScheduleD/DonatedServicesUseFcltsAmt0465480
IRS990ScheduleD/ExpensesNotReportedAmt0465480
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0961955
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt038617
IRS990ScheduleD/RevenueNotReportedAmt0504097
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01410284
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION FOLLOWS FASB ASC 740, "INCOME TAXES", WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT BELIEVES THAT THE FOUNDATION HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2010. THE FOUNDATION WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0961955
IRS990ScheduleD/TotalRevenuePerForm990Amt01410284
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01914381
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01427435
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt133000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GLOBE SANTA PROGRAM
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIP AND EDUCATIONAL PROGRAMS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0816835
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt10
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TOYS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt048000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt18
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FAIR MARKET VALUE
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE MONEY RAISED FOR THE GLOBE SANTA PROGRAM IS USED TO PURCHASE HOLIDAY GIFTS FOR NEEDY CHILDREN IN THE GREATER BOSTON AREA. THE POTENTIAL RECIPIENTS OF SUCH GIFTS ARE RECOMMENDED BY RELIGIOUS ORGANIZATIONS AND SOCIAL AGENCIES, SUBJECT TO VERIFICATION BY THE FOUNDATION PRIOR TO THE GIFTS BEING MADE. FOR THE SCHOLARSHIP PROGRAMS, THE FOUNDATION MONITORS WHETHER THE RECIPIENTS OF THE SCHOLARSHIP AWARDS ARE MAINTAINING THE REQUIRED GPA AND FULFILLING OTHER REQUIREMENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/BooksAndPublicationsGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/BooksAndPublicationsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/BooksAndPublicationsGrp/NoncashContributionsRptF990Amt0112890
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NoncashContributionsRptF990Amt04000
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt03548
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt1400
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt24756
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0PLUSH TOYS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1GAMES
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2SCHOOL SUPPLI
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt027994
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt120000
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt26918
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE NUMBER OF CONTRIBUTIONS IS BASED ON THE NUMBER OF ACTUAL DONATIONS GIVEN TO THE FOUNDATION.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OWNERSHIP OF THE BOSTON GLOBE FOUNDATION CHANGED FROM THE NEW YORK TIMES TO BGMP IN 2013. SIGNIFICANT CHANGES TO THE BOARD STRUCTURE WERE MADE AT THE SAME TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOSTON GLOBE MEDIA PARTNERS, LLC IS THE SOLE MEMBER OF THE BOSTON GLOBE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOSTON GLOBE MEDIA PARTNERS, LLC ELECTS ALL DIRECTORS OF THE BOSTON GLOBE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOSTON GLOBE MEDIA PARTNERS, LLC ELECTS ALL DIRECTORS OF THE BOSTON GLOBE FOUNDATION, AND HAS THE POWER TO REMOVE THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION'S OUTSIDE ACCOUNTANTS PREPARE THE TAX RETURN BASED ON AUDITED FINANCIAL STATEMENTS AND INFORMATION PROVIDED BY MANAGEMENT. THE RETURN IS THEN REVIEWED BY THE FOUNDATION'S TREASURER AND ACCOUNTANT PRIOR TO ITS FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DUE TO THE SMALL SIZE OF PEOPLE INVOLVED WITH THE FOUNDATION'S TRANSACTIONS AND BECAUSE THE INDIVIDUALS INVOLVED ARE AWARE OF THE POLICIES, THERE IS NO MANDATORY ANNUAL DISCLOSURE ON CONFLICT OF INTEREST. HOWEVER, THERE ARE ONGOING COMMUNICATIONS REGARDING ANY CONFLICTS THAT MAY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 CAN BE ACCESSED VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.07$0.06$5.02$1.95$1.68$0.27
2023Detailed filing. Detailed filing data is available for this year.$4.86$0.15$4.71$2.85$1.52$1.33
2022Detailed filing. Detailed filing data is available for this year.$3.48$0.12$3.35$1.78$1.43$0.36
2021Detailed filing. Detailed filing data is available for this year.$3.27$0.22$3.05$1.97$1.57$0.40
2020Detailed filing. Detailed filing data is available for this year.$2.68$0.09$2.60$1.99$1.79$0.20
2019Detailed filing. Detailed filing data is available for this year.$2.46$0.09$2.37$1.40$1.64$0.23
2018Detailed filing. Detailed filing data is available for this year.$2.72$0.17$2.55$1.27$1.66$0.39
2017Detailed filing. Detailed filing data is available for this year.$3.23$0.26$2.97$1.20$1.51$0.31
2016Detailed filing. Detailed filing data is available for this year.$3.55$0.30$3.25$1.44$1.44$0.00
2015Detailed filing. Detailed filing data is available for this year.$3.43$0.21$3.23$1.87$1.49$0.38
2014Detailed filing. Detailed filing data is available for this year.$3.11$0.23$2.88$1.38$0.85$0.53
2013Detailed filing. Detailed filing data is available for this year.$2.51$0.19$2.32$1.41$0.96$0.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.12$1.84$1.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.19$1.65$1.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.28$1.65$1.39