Liabilities / Assets
1st percentile
Higher debt load relative to assets than 1% of similar nonprofits.
990 • Fiscal year 2023 • EIN 20-8520739
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
1st percentile
Higher debt load relative to assets than 1% of similar nonprofits.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
100th percentile
Higher net margin than 100% of similar nonprofits.
Top Officer Pay
89th percentile
Higher top officer pay than 89% of similar nonprofits.
Asset Growth
18th percentile
Faster asset growth than 18% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Assets
Down$13,506,530
Down $495,812 (-3.5%) from 2022
Net Assets
Down$13,509,379
Down $483,495 (-3.5%) from 2022
Liabilities
Down-$2,849
Down $12,317 (-130%) from 2022
Revenue
Down-$226,805
Down $353,597 (-279%) from 2022
Expenses
Up$842,802
Up $131,746 (+19%) from 2022
Net Income
Down-$1,069,607
Down $485,343 (-83%) from 2022
The Deshpande Foundation, Inc. encourages the use of entrepreneurship and innovation as catalysts for societal change and improved quality of life.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $7,023,938 | $6,869,233 | ▼ $154,705 |
| Investments Other Securities | $6,928,404 | $6,537,297 | ▼ $391,107 |
| Investments Program Related | $50,000 | $100,000 | ▲ $50,000 |
| Total Assets | $14,002,342 | $13,506,530 | ▼ $495,812 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $9,468 | $-2,849 | ▼ $12,317 |
| Total Liabilities | $9,468 | $-2,849 | ▼ $12,317 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $13,992,874 | $13,509,379 | ▼ $483,495 |
| Total Net Assets Fund Balance | $13,992,874 | $13,509,379 | ▼ $483,495 |
| Total Liabilities and Net Assets / Fund Balance | $14,002,342 | $13,506,530 | ▼ $495,812 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $6,537,297 | - | - |
| Name | Title | Other | Total |
|---|---|---|---|
| Paul S Grogan | Director | $11,798 | $11,798 |
| Name | Title |
|---|---|
| Gururaj Deshpande | President & Director |
| Hemang Dave | Director |
| Jaishree Deshpande | Director |
| Sushil Vachani | Director |
| Kate R Guedj | Treasurer & Director |
| Servjeet Bhachu | Clerk & CFO |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $603,211 |
| Other Expenses | $214,591 |
| Grants and Similar Amounts Paid | $25,000 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $497,378 | - | - | $497,378 |
| Other Expenses | $81,457 | - | - | $81,457 |
| Fees for Services Management | - | $53,511 | - | $53,511 |
| Other Employee Benefits | $50,087 | - | - | $50,087 |
| Travel | $39,313 | - | - | $39,313 |
| Fees for Service Investment Mgmnt Fees | - | $37,163 | - | $37,163 |
| Payroll Taxes | $35,482 | - | - | $35,482 |
| Grants to Domestic Orgs | $25,000 | - | - | $25,000 |
| Pension Plan Contributions | $20,264 | - | - | $20,264 |
| Conferences and Meetings | $1,918 | - | - | $1,918 |
| Information Technology | $994 | - | - | $994 |
| Office Expenses | $235 | - | - | $235 |
| Total Functional Expenses | $752,128 | $90,674 | $0 | $842,802 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Groundwork Lawrence | Lawrence, MA | 501 (c) (3) | Operating Support | $20,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Gururaj Deshpande and Jaishree Deshpande have a family relationship.”
“Under its by-laws, the Boston Foundation, Inc., Gururaj Deshpande and Jaishree Deshpande are members, who in turn, appoint Directors to the Board.”
“Under its by-laws, the Boston Foundation, Inc., Gururaj Deshpande and Jaishree Deshpande are members, who in turn, appoint Directors to the Board.”
“A copy of the complete Form 990, with all required schedules, was provided to all members of the governing body, prior to filing.”
“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.”
“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.”
“Documents required by law are made available to the public upon request. Form 990 is also available on Guidestar.org.”
“The Foundation has 3 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.”
“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.”
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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 9468 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | -2849 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | The Deshpande Foundation, Inc. encourages the use of entrepreneurship and innovation as catalysts for societal change and improved quality of life. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Brian Douglas |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6173381700 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 75 Arlington Street |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Boston |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 02116 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 1918 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 1918 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 25000 |
| IRS990/CYInvestmentIncomeAmt | 0 | -232813 |
| IRS990/CYOtherExpensesAmt | 0 | 214591 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 6008 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -1069607 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 603211 |
| IRS990/CYTotalExpensesAmt | 0 | 842802 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | -226805 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | Utilizing grant-making to promote geographically-relevant process, technological and social innovation and entrepreneurship. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 752128 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 53511 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 53511 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 37163 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 37163 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 50.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 87 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 65842 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Paul S Grogan |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Kate R Guedj |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Gururaj Deshpande |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Hemang Dave |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Jaishree Deshpande |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Sushil Vachani |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Servjeet Bhachu |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 11711 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 381676 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Treasurer & Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | President & Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Clerk & CFO |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2007 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | -331977 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GrantAmt | 0 | 25000 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 25000 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 25000 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 8515 |
| IRS990/GrossReceiptsAmt | 0 | 113687 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 4 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 994 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 994 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 99164 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 99164 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 6928404 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 6537297 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 50000 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 100000 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 7023938 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 6869233 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | MA |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 340492 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | The Deshpande Foundation, Inc. encourages the use of entrepreneurship and innovation as catalysts for societal change and improved quality of life. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 13992874 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 13509379 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | -331977 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -331977 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 586112 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 13992874 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 13509379 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 235 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 235 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 50087 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 50087 |
| IRS990/OtherExpensesGrp/Desc | 0 | Consulting |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 81457 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 81457 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 497378 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 497378 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 35482 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 35482 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 20264 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 20264 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Paul Grogan |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 523910 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Program Related Investments |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 0 | 6008 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 6008 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 5000 |
| IRS990/PYInvestmentIncomeAmt | 0 | 126792 |
| IRS990/PYOtherExpensesAmt | 0 | 233478 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -584264 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 472578 |
| IRS990/PYTotalExpensesAmt | 0 | 711056 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 126792 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -1069607 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | 1 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | The 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/ExplanationTxt | 1 | There 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/FormAndLineReferenceDesc | 0 | Part IV, Section A, Line 1 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | Part IV, Section A , Line 6 |
| IRS990ScheduleA/IRSWrittenDeterminationInd | 0 | X |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 3 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 3 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 042104021 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 1 | 043546770 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 2 | 842081722 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 1 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 2 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 8 |
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| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 2 | Network of Engage International Donors Global |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
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| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | Grantees 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. |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Kate R Guedj |
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| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | Kate Guedj participated in a Supplemental Employee Retirement Plan (SERP). The total SERP contributions for the above participant for the calendar year ended December 31, 2022 were as follows: Non-Taxable Kate Guedj $16,020 |
| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 1 | Methods 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/FormAndLineReferenceDesc | 0 | Part I, Line 4b |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Gururaj Deshpande and Jaishree Deshpande have a family relationship. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Under its by-laws, the Boston Foundation, Inc., Gururaj Deshpande and Jaishree Deshpande are members, who in turn, appoint Directors to the Board. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Under its by-laws, the Boston Foundation, Inc., Gururaj Deshpande and Jaishree Deshpande are members, who in turn, appoint Directors to the Board. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | A copy of the complete Form 990, with all required schedules, was provided to all members of the governing body, prior to filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Documents required by law are made available to the public upon request. Form 990 is also available on Guidestar.org. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | The Foundation has 3 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. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section B, line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part IX, Lines 5 and 8 - Compensation of Employees |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.