Civic Intelligence

Deshpande Foundation Inc

EIN 20-8520739 • 501(c)3 • Boston, MA

Profile

The Deshpande Foundation, Inc. encourages the use of entrepreneurship and innovation as catalysts for societal change and improved quality of life.

75 Arlington Street Fl 3Boston, MA 02116-3936

www.deshpandefoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

10th percentile

0.01x

Higher debt load relative to revenue than 10% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

1st percentile

-519%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$458,298

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 416.4% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

52nd percentile

4.9%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Up

$14,172,855

Up $666,325 (+4.9%) from 2023

Liabilities

Up

$699

Up $3,548 (+125%) from 2023

Net Assets

Up

$14,172,156

Up $662,777 (+4.9%) from 2023

Revenue

Up

$110,055

Up $336,860 (+149%) from 2023

Expenses

Down

$681,277

Down $161,525 (-19%) from 2023

Net Income

Up

-$571,222

Up $498,385 (+47%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0-$5.0MAssets 2011: $9,379,102Liabilities 2011: $7,082Net Assets 2011: $9,372,0202011Assets 2012: $9,105,067Liabilities 2012: $8,917Net Assets 2012: $9,096,1502012Assets 2013: $10,197,628Liabilities 2013: $21,379Net Assets 2013: $10,176,2492013Assets 2014: $11,752,987Liabilities 2014: $12,996Net Assets 2014: $11,739,9912014Assets 2015: $11,988,455Liabilities 2015: $24,901Net Assets 2015: $11,963,5542015Assets 2016: $11,871,684Liabilities 2016: $7,963Net Assets 2016: $11,863,7212016Assets 2017: $13,433,115Liabilities 2017: $1,591Net Assets 2017: $13,431,5242017Assets 2018: $13,472,162Liabilities 2018: $742Net Assets 2018: $13,471,4202018Assets 2019: $13,627,358Liabilities 2019: $7,846Net Assets 2019: $13,619,5122019Assets 2020: $12,443,760Liabilities 2020: $10,774Net Assets 2020: $12,432,9862020Assets 2021: $15,245,011Liabilities 2021: $1,757Net Assets 2021: $15,243,2542021Assets 2022: $14,002,342Liabilities 2022: $9,468Net Assets 2022: $13,992,8742022Assets 2023: $13,506,530Liabilities 2023: -$2,849Net Assets 2023: $13,509,3792023Assets 2024: $14,172,855Liabilities 2024: $699Net Assets 2024: $14,172,1562024

Highlighted filing

2024

Assets$14,172,855
Liabilities$699
Net Assets$14,172,156

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2011: $2,880,405Expenses 2011: $3,045,338Net Income 2011: -$164,9332011Revenue 2012: $3,130,548Expenses 2012: $3,232,120Net Income 2012: -$101,5722012Revenue 2013: $2,399,758Expenses 2013: $2,136,391Net Income 2013: $263,3672013Revenue 2014: $1,745,620Expenses 2014: $1,665,137Net Income 2014: $80,4832014Revenue 2015: $1,706,551Expenses 2015: $1,647,086Net Income 2015: $59,4652015Revenue 2016: $1,366,045Expenses 2016: $1,233,589Net Income 2016: $132,4562016Revenue 2017: $1,128,239Expenses 2017: $898,075Net Income 2017: $230,1642017Revenue 2018: $202,724Expenses 2018: $1,087,054Net Income 2018: -$884,3302018Revenue 2019: $138,452Expenses 2019: $524,624Net Income 2019: -$386,1722019Revenue 2020: $123,612Expenses 2020: $1,191,518Net Income 2020: -$1,067,9062020Revenue 2021: $113,626Expenses 2021: $1,331,277Net Income 2021: -$1,217,6512021Revenue 2022: $126,792Expenses 2022: $711,056Net Income 2022: -$584,2642022Revenue 2023: -$226,805Expenses 2023: $842,802Net Income 2023: -$1,069,6072023Revenue 2024: $110,055Expenses 2024: $681,277Net Income 2024: -$571,2222024

Highlighted filing

2024

Revenue$110,055
Expenses$681,277
Net Income-$571,222

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.2$0.00$14.2$0.11$0.68$0.57
2023Detailed filing. Detailed filing data is available for this year.$13.5$0.00$13.5$0.23$0.84$1.07
2022Detailed filing. Detailed filing data is available for this year.$14.0$0.01$14.0$0.13$0.71$0.58
2021Detailed filing. Detailed filing data is available for this year.$15.2$0.00$15.2$0.11$1.33$1.22
2020Detailed filing. Detailed filing data is available for this year.$12.4$0.01$12.4$0.12$1.19$1.07
2019Detailed filing. Detailed filing data is available for this year.$13.6$0.01$13.6$0.14$0.52$0.39
2018Summary only. Only limited summary data is available for this year.$13.5$0.00$13.5$0.20$1.09$0.88
2017Summary only. Only limited summary data is available for this year.$13.4$0.00$13.4$1.13$0.90$0.23
2016Summary only. Only limited summary data is available for this year.$11.9$0.01$11.9$1.37$1.23$0.13
2015Summary only. Only limited summary data is available for this year.$12.0$0.02$12.0$1.71$1.65$0.06
2014Summary only. Only limited summary data is available for this year.$11.8$0.01$11.7$1.75$1.67$0.08
2013Summary only. Only limited summary data is available for this year.$10.2$0.02$10.2$2.40$2.14$0.26
2012Summary only. Only limited summary data is available for this year.$9.11$0.01$9.10$3.13$3.23$0.10
2011Summary only. Only limited summary data is available for this year.$9.38$0.01$9.37$2.88$3.05$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$1,453,287
Mission and Program Overview

Mission

The Deshpande Foundation, Inc. encourages the use of entrepreneurship and innovation as catalysts for societal change and improved quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,869,233$7,776,594▲ $907,361
Investments Other Securities$6,537,297$6,296,261▼ $241,036
Investments Program Related$100,000$100,000→ $0
Total Assets$13,506,530$14,172,855▲ $666,325
Liabilities
Accounts Payable and Accrued Expenses$-2,849$699▲ $3,548
Total Liabilities$-2,849$699▲ $3,548
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,509,379$14,172,156▲ $662,777
Total Net Assets Fund Balance$13,509,379$14,172,156▲ $662,777
Total Liabilities and Net Assets / Fund Balance$13,506,530$14,172,855▲ $666,325

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$6,296,261--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gururaj DeshpandePresident & Director
Paul S GroganClerk & Director
Hemang DaveDirector
Jaishree DeshpandeDirector
Sushil VachaniDirector
Kate R GuedjTreasurer & Director
Servjeet BhachuCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$110,055
Other Revenue
$0
Change in Net Assets
$-571,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$428,665
Other Expenses$152,612
Grants and Similar Amounts Paid$100,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$346,982--$346,982
Grants to Domestic Orgs$100,000--$100,000
Fees for Services Management-$50,802-$50,802
Fees for Service Investment Mgmnt Fees-$46,854-$46,854
Travel$40,546--$40,546
Other Employee Benefits$36,728--$36,728
Payroll Taxes$24,330--$24,330
Pension Plan Contributions$20,625--$20,625
Fees for Services Other$11,720--$11,720
Information Technology$1,618--$1,618
Office Expenses$1,072--$1,072
Total Functional Expenses$583,621$97,656$0$681,277
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
VentureWellHadley, MA501 (c) (3)Operating Support$100,000
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
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Gururaj Deshpande and Jaishree Deshpande have a family relationship.

Form 990, Part VI, Section A, line 6

Under its by-laws, the Boston Foundation, Inc., Gururaj Deshpande and Jaishree Deshpande are members, who in turn, appoint Directors to the Board.

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

Under its by-laws, the Boston Foundation, Inc., Gururaj Deshpande and Jaishree Deshpande are members, who in turn, appoint Directors to the Board.

Form 990, Part VI, Section B, line 11B

A copy of the complete Form 990, with all required schedules, was provided to all members of the governing body, prior to filing.

Form 990, Part VI, Section B, line 12C

From time to time, the Deshpande Foundation, Inc. may make grant awards to organizations in which officers or directors may serve as board members or officers. Officers and directors are required to complete a conflict of interest statement on an annual basis, detailing such roles as well as any other relationships. Officers and directors are required to identify organizations that may be significantly harmed or benefited by any action or policy of the Deshpande Foundation, Inc., or that are or may be involved in transactions with the Deshpande Foundation, Inc., or that could impact the officer or director's ability to serve as a disinterested party with respect to his or her position with the Deshpande Foundation, Inc.

Form 990, Part VI, Section B, line 15

The Deshpande Foundation, Inc. does not compensate any officer, director, trustee or key employee. Compensation is paid by the Foundation's supported organization, Boston Foundation, Inc., to its employees that also serve as officers and directors of the Deshpande Foundation, Inc. The Boston Foundation, Inc. sets executive compensation by utilizing an external consultant who conducts a survey. The results of the survey are presented to the Compensation Committee of the Board of Directors of the Boston Foundation, Inc., who reviews and determines compensation for its executives each fiscal year.

Form 990, Part VI, Section C, line 19

Documents required by law are made available to the public upon request. Form 990 is also available on Guidestar.org.

Filing and Contact Details

Filer

Filer Name
Deshpande Foundation Inc
EIN
20-8520739
Phone
6173381700
Address
75 Arlington Street Fl 3, Boston, MA 02116-3936

Signing Officer

Name
Kate R Guedj
Title
Director & Treasurer
Phone
6173381700
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Grogan
Formed
2007
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Kpmg Llp
Address
60 South Street, Boston, MA 02111
Preparer
Kimberly Mac Namee
Phone
6179881000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Lines 5 and 8 - Compensation of Employees

The Foundation has 2 individuals performing work for the Foundation, but who are employees of the Boston Foundation, Inc. and therefore receive their respective W-2s from the Boston Foundation, Inc.

Financial Statement Notes

Part X, Line 2:

The Foundation has not taken any tax positions which would have a material effect, individually or in the aggregrate, upon the Foundation's consolidated financial statements. The Foundation believes it has not taken any significant uncertain tax positions or any tax positions that would jeopardize the Foundation's tax-exempt status.

Raw XML AppendixShowing 400 of 451 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ReconcilationRevenueExpnssAmt0-571222
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Deshpande Foundation, Inc. made grants to organizations that are within the charitable class of organizations served by the Boston Foundation, Inc.'s tax-exempt purpose.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1There is governing body overlap and financial supervision from the supported organization, Boston Foundation, Inc. Deshpande Foundation, Inc. supports the Boston Foundation, Inc. The Deshpande Foundation, Inc. made grants to organizations that are within the charitable class of organizations served by the Boston Foundation's tax-exempt purpose.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A, Line 1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section A , Line 6
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0042104021
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1421727335
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd10
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd08
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd17
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt1100000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Boston Foundation Inc
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1VentureWell
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0100000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt06296261
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Other Securities
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation has not taken any tax positions which would have a material effect, individually or in the aggregrate, upon the Foundation's consolidated financial statements. The Foundation believes it has not taken any significant uncertain tax positions or any tax positions that would jeopardize the Foundation's tax-exempt status.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt06296261
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0100000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (c) (3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Operating Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VentureWell
IRS990ScheduleI/RecipientTable/RecipientEIN0421727335
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0100 Venture Way
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Hadley
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd001035
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grantees provide periodic reports outlining expenditure and utilization of grant funds. Staff actively monitor grantee progress toward grant goals. New funds are not granted until satisfactory review of reporting.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt019000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0366588
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt035820
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt030426
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt06464
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Kate R Guedj
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Treasurer & Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0458298
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Kate Guedj participated in a Supplemental Employee Retirement Plan (SERP). The total SERP contributions for the above participant for the calendar year ended December 31, 2023 were as follows: Non-Taxable Kate Guedj $16,020
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1Methods to establish compensation: No member of the Deshpande Foundation, Inc. is compensated by the Deshpande Foundation. The methods used to establish compensation Kate Guedj, VP and Chief Philanthropy Officer of the Boston Foundation, Inc., reflect the methods employed by the Boston Foundation, Inc., a supported organization.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 4b
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule J, Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Gururaj Deshpande and Jaishree Deshpande have a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Under its by-laws, the Boston Foundation, Inc., Gururaj Deshpande and Jaishree Deshpande are members, who in turn, appoint Directors to the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Under its by-laws, the Boston Foundation, Inc., Gururaj Deshpande and Jaishree Deshpande are members, who in turn, appoint Directors to the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A copy of the complete Form 990, with all required schedules, was provided to all members of the governing body, prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4From time to time, the Deshpande Foundation, Inc. may make grant awards to organizations in which officers or directors may serve as board members or officers. Officers and directors are required to complete a conflict of interest statement on an annual basis, detailing such roles as well as any other relationships. Officers and directors are required to identify organizations that may be significantly harmed or benefited by any action or policy of the Deshpande Foundation, Inc., or that are or may be involved in transactions with the Deshpande Foundation, Inc., or that could impact the officer or director's ability to serve as a disinterested party with respect to his or her position with the Deshpande Foundation, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Deshpande Foundation, Inc. does not compensate any officer, director, trustee or key employee. Compensation is paid by the Foundation's supported organization, Boston Foundation, Inc., to its employees that also serve as officers and directors of the Deshpande Foundation, Inc. The Boston Foundation, Inc. sets executive compensation by utilizing an external consultant who conducts a survey. The results of the survey are presented to the Compensation Committee of the Board of Directors of the Boston Foundation, Inc., who reviews and determines compensation for its executives each fiscal year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Documents required by law are made available to the public upon request. Form 990 is also available on Guidestar.org.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Foundation has 2 individuals performing work for the Foundation, but who are employees of the Boston Foundation, Inc. and therefore receive their respective W-2s from the Boston Foundation, Inc.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
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 B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Lines 5 and 8 - Compensation of Employees
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Boston Foundation Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0042104021
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Community Support
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 8
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt075 Arlington Street Fl 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Boston
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
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IRS990/SchoolOperatingInd00
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt097656
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0583621
IRS990/TotalFunctionalExpensesGrp/TotalAmt0681277
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0-2849
IRS990/TotalLiabilitiesEOYAmt0699
IRS990/TotalLiabilitiesGrp/BOYAmt0-2849
IRS990/TotalLiabilitiesGrp/EOYAmt0699
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt014172156
IRS990/TotalOtherCompensationAmt066246
IRS990/TotalProgramServiceExpensesAmt0583621
IRS990/TotalReportableCompFromOrgAmt00

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