Civic Intelligence

Deshpande Foundation Inc.

990 • Fiscal year 2021 • EIN 20-8520739

Jul 01, 2020 to Jun 30, 2021 • Filed on May 10, 2022

75 Arlington Street No Fl 3Boston, MA 02116-3936

(617) 338-1700

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

11th percentile

0.02x

Higher debt load relative to revenue than 11% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

1st percentile

-1072%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

94th percentile

$670,754

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 590.3% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

74th percentile

23%

Faster asset growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

19th percentile

-8.1%

Faster revenue growth than 19% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$15,245,011

Up $2,801,251 (+23%) from 2020

Net Assets

Up

$15,243,254

Up $2,810,268 (+23%) from 2020

Liabilities

Down

$1,757

Down $9,017 (-84%) from 2020

Revenue

Down

$113,626

Down $9,986 (-8.1%) from 2020

Expenses

Up

$1,331,277

Up $139,759 (+12%) from 2020

Net Income

Down

-$1,217,651

Down $149,745 (-14%) from 2020

Historical Trend

Balance Sheet Trend

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

$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

2021

Assets$15,245,011
Liabilities$1,757
Net Assets$15,243,254

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$113,626
Expenses$1,331,277
Net Income-$1,217,651
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 10, 2022
Return Version
2020v4.2
Gross Receipts
$1,085,392
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.

The Deshpande Foundation 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$6,771,566$8,190,740▲ $1,419,174
Investments Other Securities$5,621,531$7,004,271▲ $1,382,740
Investments Program Related$50,000$50,000→ $0
Total Assets$12,443,760$15,245,011▲ $2,801,251
Other Assets Total$663--
Liabilities
Accounts Payable and Accrued Expenses$10,774$1,757▼ $9,017
Total Liabilities$10,774$1,757▼ $9,017
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,432,986$15,243,254▲ $2,810,268
Total Net Assets Fund Balance$12,432,986$15,243,254▲ $2,810,268
Total Liabilities and Net Assets / Fund Balance$12,443,760$15,245,011▲ $2,801,251

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$7,004,271--
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
Serge BhachuChief Financial Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$113,626
Other Revenue
$0
Change in Net Assets
$-1,217,651
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$822,100
Salaries, Compensation, and Employee Benefits$358,855
Other Expenses$150,322
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$822,100--$822,100
Other Salaries and Wages$282,193--$282,193
Fees for Services Management-$50,834-$50,834
Other Employee Benefits$47,527--$47,527
Fees for Service Investment Mgmnt Fees-$37,560-$37,560
Payroll Taxes$20,906--$20,906
Pension Plan Contributions$8,229--$8,229
Office Expenses$3,590$683-$4,273
Insurance-$2,038-$2,038
Information Technology-$1,450-$1,450
Other Expenses$53,978$189-$189
Total Functional Expenses$1,238,523$92,754$0$1,331,277
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Entrepreneurship for All IncLowell, MA501 (c) (3)For general operating support.$500,000
The Boston FoundationBoston, MA501 (c) (3)For general operating support.$322,100
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. 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 No Fl 3, Boston, MA 02116-3936

Signing Officer

Name
Kate R Guedj
Title
Director & Treasurer
Phone
6173381700
Signed
2022-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Grogan
Formed
2007
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Kpmg Llp
Address
60 South Street, Boston, MA 02111
Preparer
Todd P Teresco
Phone
6179881000
Supplemental Narrative

Additional Explanations

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

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 474 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt010774
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01757
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The Deshpande Foundation encourages the use of entrepreneurship and innovation as catalysts for societal change and improved quality of life.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Alfred F Van Ranst Jr
IRS990/BooksInCareOfDetail/PhoneNum06173381700
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt075 Arlington Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Boston
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002116
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0822100
IRS990/CYInvestmentIncomeAmt0113626
IRS990/CYOtherExpensesAmt0150322
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-1217651
IRS990/CYSalariesCompEmpBnftPaidAmt0358855
IRS990/CYTotalExpensesAmt01331277
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0113626
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0Utilizing grant-making to promote geographically-relevant process, technological and social innovation and entrepreneurship.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01238523
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt050834
IRS990/FeesForServicesManagementGrp/TotalAmt050834
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt037560
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt037560
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt050.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt065093
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150682
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Paul S Grogan
IRS990/Form990PartVIISectionAGrp/PersonNm1Kate R Guedj
IRS990/Form990PartVIISectionAGrp/PersonNm2Gururaj Deshpande
IRS990/Form990PartVIISectionAGrp/PersonNm3Hemang Dave
IRS990/Form990PartVIISectionAGrp/PersonNm4Jaishree Deshpande
IRS990/Form990PartVIISectionAGrp/PersonNm5Sushil Vachani
IRS990/Form990PartVIISectionAGrp/PersonNm6Serge Bhachu
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0605661
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1307334
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0Clerk & Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer & Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2President & Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chief Financial Officer
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01059
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt0822100
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0822100
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0822100
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0972825
IRS990/GrossReceiptsAmt01085392
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01450
IRS990/InformationTechnologyGrp/TotalAmt01450
IRS990/InsuranceGrp/ManagementAndGeneralAmt02038
IRS990/InsuranceGrp/TotalAmt02038
IRS990/InvestmentIncomeGrp/ExclusionAmt0112567
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0112567
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt05621531
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt07004271
IRS990/InvestmentsProgramRelatedGrp/BOYAmt050000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt050000
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06771566
IRS990/InvestmentsPubTradedSecGrp/EOYAmt08190740
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0971766
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Deshpande Foundation, Inc. encourages the use of entrepreneurship and innovation as catalysts for societal change and improved quality of life.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt012432986
IRS990/NetAssetsOrFundBalancesEOYAmt015243254
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01059
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01059
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt04027919
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt012432986
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt015243254
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0683
IRS990/OfficeExpensesGrp/ProgramServicesAmt03590
IRS990/OfficeExpensesGrp/TotalAmt04273
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0663
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt047527
IRS990/OtherEmployeeBenefitsGrp/TotalAmt047527
IRS990/OtherExpensesGrp/Desc0Consulting
IRS990/OtherExpensesGrp/Desc1Recruitment
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0189
IRS990/OtherExpensesGrp/ProgramServicesAmt053978
IRS990/OtherExpensesGrp/TotalAmt053978
IRS990/OtherExpensesGrp/TotalAmt1189
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0282193
IRS990/OtherSalariesAndWagesGrp/TotalAmt0282193
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt020906
IRS990/PayrollTaxesGrp/TotalAmt020906
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08229
IRS990/PensionPlanContributionsGrp/TotalAmt08229
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Paul Grogan
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0871000
IRS990/PYInvestmentIncomeAmt0123612
IRS990/PYOtherExpensesAmt0143770
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1067906
IRS990/PYSalariesCompEmpBnftPaidAmt0176748
IRS990/PYTotalExpensesAmt01191518
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0123612
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1217651
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 made grants to organizations that are within the charitable class of organizations served by the Boston Foundation's tax-exempt purpose.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1There is governing body overlap and financial supervision from the supported organization, Boston Foundation, Inc. Deshpande Foundation supports the Boston Foundation. The Deshpande Foundation 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/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0042104021
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd08
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0322100
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Boston Foundation
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0322100
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt07004271
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/TotalBookValueSecuritiesAmt07004271
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0322100
IRS990ScheduleI/RecipientTable/CashGrantAmt1500000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (c) (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501 (c) (3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0For general operating support.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1For general operating support.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0The Boston Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Entrepreneurship for All Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0042104021
IRS990ScheduleI/RecipientTable/RecipientEIN1471858182
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt075 Arlington Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1175 Cabot Street Suite 100
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Boston
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Lowell
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002116
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd101854
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/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt010000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0585392
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1305270
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt017100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt117100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt047993
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt133582
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt010269
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt12064
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Paul S Grogan
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Kate R Guedj
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Clerk & Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Treasurer & Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0670754
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1358016
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Methods to establish compensation: No member of the Deshpande Foundation is compensated by the Deshpande Foundation. The methods used to establish compensation for Paul Grogan, CEO and Kate Guedj, VP and Chief Philanthropy Officer of the Boston Foundation, reflect the methods employed by the Boston Foundation, Inc., a supported organization.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
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. 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 Officers
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002116
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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