Civic Intelligence

The Philanthropy Connection Inc Formerly Women Grant-Makers of Mass

990 • Fiscal year 2016 • EIN 46-0665444

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 22, 2017

4 Bond StreetCambridge, MA 02138

(617) 797-7554

Siviq Scores

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

Liabilities / Assets

88th percentile

0.40x

Higher debt load relative to assets than 88% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

0.71x

Higher debt load relative to revenue than 94% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

17th percentile

-18%

Higher net margin than 17% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

23rd percentile

-17%

Faster asset growth than 23% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

30th percentile

-13%

Faster revenue growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$476,821

Down $94,243 (-17%) from 2015

Net Assets

Down

$284,569

Down $48,937 (-15%) from 2015

Liabilities

Down

$192,252

Down $45,306 (-19%) from 2015

Revenue

Down

$272,581

Down $42,432 (-13%) from 2015

Expenses

Up

$321,516

Up $43,164 (+16%) from 2015

Net Income

Down

-$48,935

Down $85,596 (-233%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2013: $161,234Liabilities 2013: $0Net Assets 2013: $161,2342013Assets 2014: $317,227Liabilities 2014: $20,382Net Assets 2014: $296,8452014Assets 2015: $571,064Liabilities 2015: $237,558Net Assets 2015: $333,5062015Assets 2016: $476,821Liabilities 2016: $192,252Net Assets 2016: $284,5692016Assets 2017: $475,549Liabilities 2017: $131,042Net Assets 2017: $344,5072017Assets 2018: $477,818Liabilities 2018: $133,750Net Assets 2018: $344,0682018Assets 2019: $493,242Liabilities 2019: $127,500Net Assets 2019: $365,7422019Assets 2020: $531,202Liabilities 2020: $127,542Net Assets 2020: $403,6602020Assets 2021: $580,079Liabilities 2021: $125,000Net Assets 2021: $455,0792021Assets 2022: $573,491Liabilities 2022: $150,250Net Assets 2022: $423,2412022Assets 2023: $564,464Liabilities 2023: $142,672Net Assets 2023: $421,7922023Assets 2024: $514,801Liabilities 2024: $130,064Net Assets 2024: $384,7372024

Highlighted filing

2016

Assets$476,821
Liabilities$192,252
Net Assets$284,569

Operations Trend

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

$400K$200K$0-$200KRevenue 2013: $177,790Expenses 2013: $16,556Net Income 2013: $161,2342013Revenue 2014: $303,573Expenses 2014: $167,962Net Income 2014: $135,6112014Revenue 2015: $315,013Expenses 2015: $278,352Net Income 2015: $36,6612015Revenue 2016: $272,581Expenses 2016: $321,516Net Income 2016: -$48,9352016Revenue 2017: $316,761Expenses 2017: $324,163Net Income 2017: -$7,4022017Revenue 2018: $310,974Expenses 2018: $311,413Net Income 2018: -$4392018Revenue 2019: $336,416Expenses 2019: $314,742Net Income 2019: $21,6742019Revenue 2020: $349,969Expenses 2020: $312,051Net Income 2020: $37,9182020Revenue 2021: $376,554Expenses 2021: $325,135Net Income 2021: $51,4192021Revenue 2022: $321,231Expenses 2022: $353,069Net Income 2022: -$31,8382022Revenue 2023: $316,720Expenses 2023: $318,169Net Income 2023: -$1,4492023Revenue 2024: $284,115Expenses 2024: $321,170Net Income 2024: -$37,0552024

Highlighted filing

2016

Revenue$272,581
Expenses$321,516
Net Income-$48,935
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 22, 2017
Return Version
2015v3.0
Gross Receipts
$272,581
Mission and Program Overview

Mission

To teach women about philanthropy and to provide grants to non-profit organizations within massachusetts.

To teach women about philanthropy and to provide grants to non-profit organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$234,938$235,889▲ $951
Cash and Non-Interest-Bearing Accounts$310,568$211,107▼ $99,461
Pledges and Grants Receivable$25,516$29,825▲ $4,309
Receivables From Officers Etc$42--
Total Assets$571,064$476,821▼ $94,243
Liabilities
Grants Payable$231,000$188,000▼ $43,000
Accounts Payable and Accrued Expenses$6,558$4,252▼ $2,306
Total Liabilities$237,558$192,252▼ $45,306
Net Assets / Fund Balance
Temporarily Rstr Net Assets$244,000$190,000▼ $54,000
Unrestricted Net Assets$89,506$94,569▲ $5,063
Total Net Assets Fund Balance$333,506$284,569▼ $48,937
Total Liabilities and Net Assets / Fund Balance$571,064$476,821▼ $94,243
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marla FelcherBoard Chair
Susan BenfordPresident
Amy Feind ReevesBoard of Directors
Andrea GoodmanBoard of Directors
Cori MykoffBoard of Directors
Lora FarkasBoard of Directors
Marta E Pagan-ortizBoard of Directors
Sharhea WadeBoard of Directors
Ilene GreenburgSecretary
Martha BedellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$271,630
Program Service Revenue
$0
Investment Income
$951
Other Revenue
$0
All Other Contributions
$50,262
Change in Net Assets
$-48,935
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$253,000
Other Expenses$46,318
Salaries, Compensation, and Employee Benefits$22,198
Total Fundraising Expense$3,052
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$253,000--$253,000
Other Expenses$28,440--$28,440
Other Salaries and Wages$8,879$11,099$2,220$22,198
Fees for Services Legal-$9,558-$9,558
Fees for Services Other$3,328$4,160$832$8,320
Total Functional Expenses$293,647$24,817$3,052$321,516
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boston CasaBoston, MA-TO FUND THE ORGANIZATION'S MISSION$30,300
Families First Parenting ProgramsWatertown, MA-TO FUND THE ORGANIZATION'S MISSION$30,300
Food for Free CommitteeCambridge, MA-TO FUND THE ORGANIZATION'S MISSION$30,300
School on WheelsBridgewater, MA-TO FUND THE ORGANIZATION'S MISSION$30,300
Science for Girls ClubCambridge, MA-TO FUND THE ORGANIZATION'S MISSION$30,300
Budget BuddiesChelmsford, MA-TO FUND THE ORGANIZATION'S MISSION$20,300
CATIE'S CLOSETDracut, MA-TO FUND THE ORGANIZATION'S MISSION$20,300
Future ChefsBoston, MA-TO FUND THE ORGANIZATION'S MISSION$20,300
Mill City GrowsLowell, MA-TO FUND THE ORGANIZATION'S MISSION$20,300
Siblings ConnectionSomerville, MA-TO FUND THE ORGANIZATION'S MISSION$20,300
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$42--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Reviewed financial statements and form 990 are prepared and distributed to board members for review.

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

The organization has a written conflict of interest policy that directors and grant reviewers must sign annually.

Form 990, Part VI, Section C, Line 18

Financial statements are available upon request.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
The Philanthropy Connection Inc
EIN
46-0665444
Phone
6177977554
Address
4 BOND STREET, CAMBRIDGE, MA 02138

Signing Officer

Name
Martha Bedell
Title
Treasurer
Phone
6174928346
Signed
2017-02-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martha Bedell
Formed
2012
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Ingle & Associates LLC
Address
105 WEBSTER STREET, HANOVER, MA 02339
Preparer
Jamie Draper
Phone
7818783933
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING -2.

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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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IRS990ScheduleI/RecipientTable/CashGrantAmt830300
IRS990ScheduleI/RecipientTable/CashGrantAmt920300
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO FUND THE ORGANIZATION'S MISSION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO FUND THE ORGANIZATION'S MISSION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TO FUND THE ORGANIZATION'S MISSION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3TO FUND THE ORGANIZATION'S MISSION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4TO FUND THE ORGANIZATION'S MISSION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5TO FUND THE ORGANIZATION'S MISSION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6TO FUND THE ORGANIZATION'S MISSION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7TO FUND THE ORGANIZATION'S MISSION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8TO FUND THE ORGANIZATION'S MISSION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9TO FUND THE ORGANIZATION'S MISSION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BUDGET BUDDIES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CATIE'S CLOSET
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2MILL CITY GROWS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3SIBLINGS CONNECTION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4BOSTON CASA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5FAMILIES FIRST PARENTING PROGRAMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6FOOD FOR FREE COMMITTEE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7SCHOOL ON WHEELS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8SCIENCE FOR GIRLS CLUB
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9FUTURE CHEFS
IRS990ScheduleI/RecipientTable/RecipientEIN0900688545
IRS990ScheduleI/RecipientTable/RecipientEIN1272531953
IRS990ScheduleI/RecipientTable/RecipientEIN2472096070
IRS990ScheduleI/RecipientTable/RecipientEIN3680480736
IRS990ScheduleI/RecipientTable/RecipientEIN4043110775
IRS990ScheduleI/RecipientTable/RecipientEIN5048413397
IRS990ScheduleI/RecipientTable/RecipientEIN6222561771
IRS990ScheduleI/RecipientTable/RecipientEIN7201020880
IRS990ScheduleI/RecipientTable/RecipientEIN8141892866
IRS990ScheduleI/RecipientTable/RecipientEIN9042261109
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0114 TURNPIKE RD 2D
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt119 SCHOOL ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2122 WESTERN AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt361 ROSELAND ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4715 BOYSLTON ST 410
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt59 GALEN ST SUITE 400
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt611 INMAN ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7100 LAUREL ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8136 MAGAZINE ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9560 ALBANY ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHELMSFORD
IRS990ScheduleI/RecipientTable/USAddress/CityNm1DRACUT
IRS990ScheduleI/RecipientTable/USAddress/CityNm2LOWELL
IRS990ScheduleI/RecipientTable/USAddress/CityNm3SOMERVILLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm4BOSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm5WATERTOWN
IRS990ScheduleI/RecipientTable/USAddress/CityNm6CAMBRIDGE
IRS990ScheduleI/RecipientTable/USAddress/CityNm7BRIDGEWATER
IRS990ScheduleI/RecipientTable/USAddress/CityNm8CAMBRIDGE
IRS990ScheduleI/RecipientTable/USAddress/CityNm9BOSTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd9MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd001824
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd101826
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd201851
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd302143
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd402116
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd502472
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd602139
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd702333
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd802139
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd902118
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED FINANCIAL STATEMENTS AND FORM 990 ARE PREPARED AND DISTRIBUTED TO BOARD MEMBERS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT DIRECTORS AND GRANT REVIEWERS MUST SIGN ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING -2.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0244000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0190000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0571064
IRS990/TotalAssetsEOYAmt0476821
IRS990/TotalAssetsGrp/BOYAmt0571064
IRS990/TotalAssetsGrp/EOYAmt0476821
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0271630
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03052
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024817
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0293647
IRS990/TotalFunctionalExpensesGrp/TotalAmt0321516
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0237558
IRS990/TotalLiabilitiesEOYAmt0192252
IRS990/TotalLiabilitiesGrp/BOYAmt0237558
IRS990/TotalLiabilitiesGrp/EOYAmt0192252
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0333506
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0284569
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0293647
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0951
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0272581
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0571064
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0476821
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt089506
IRS990/UnrestrictedNetAssetsGrp/EOYAmt094569
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05 CLEMENT CIRCLE
IRS990/USAddress/CityNm0CAMBRIDGE

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