BOSTON BENEFITS FOUNDATION: Form 990EZ, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: BOSTON BENEFITS FOUNDATION (EIN 04-3584693)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-09-23
IRS object ID: 202422679349201307
Schema version: 2023v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-EZ
Schedule A
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-09-23T17:01:24-04:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	042686846	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	KING MCNAMARA MORIARTY LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	473 WASHINGTON STREET	AddressLine1Txt
City	NORWOOD	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	020622330	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990EZ	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	043584693	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BOSTON BENEFITS FOUNDATION INC	BusinessNameLine1Txt
Business Name Line2	C/O HERITAGE FINANCIAL SERVICES	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	BOST	BusinessNameControlTxt
Phone	7812550214	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	100 LOWDER BROOK DRIVE SUITE 1000	AddressLine1Txt
City	WESTWOOD	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02090	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	CHARLES S BEAN III	PersonNm
Person Title	PRESIDENT/DIRECTOR	PersonTitleTxt
Phone	7812550214	PhoneNum
Signature	2024-09-21	SignatureDt

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JOSEPH B MORIARTY CPA	PreparerPersonNm
PTIN	P00043600	PTIN
Phone	7817696300	PhoneNum
Preparation	2024-09-23	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-08-08 14:25:15Z	BuildTS

Form 990-EZ IRS990EZ

Field	Value	IRS element (for citing)
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Website Address	N/A	WebsiteAddressTxt
Organization501c3	Yes (X)	Organization501c3Ind
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Gross Receipts	$47,612	GrossReceiptsAmt
Info In Schedule O Part I	Yes (X)	InfoInScheduleOPartIInd
Contributions Gifts Grants Etc	$1,000	ContributionsGiftsGrantsEtcAmt
Investment Income	$10,685	InvestmentIncomeAmt
Sale Of Assets Gross	$35,927	SaleOfAssetsGrossAmt
Cost Or Other Basis Expense Sale	$31,524	CostOrOtherBasisExpenseSaleAmt
Gain Or Loss From Sale Of Assets	$4,403	GainOrLossFromSaleOfAssetsAmt
Total Revenue	$16,088	TotalRevenueAmt
Grants And Similar Amounts Paid	$10,000	GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct	$1,451	FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total	$1,294	OtherExpensesTotalAmt
Total Expenses	$12,745	TotalExpensesAmt
Excess Or Deficit For Year	$3,343	ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY	$341,674	NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets	$34,064	OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY	$379,081	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part II	Yes (X)	InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

Field	Value	IRS element (for citing)
BOY	$341,674	BOYAmt
EOY	$379,081	EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$341,674	BOYAmt
EOY	$379,081	EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

Field	Value	IRS element (for citing)
BOY	$341,674	BOYAmt
EOY	$379,081	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Primary Exempt Purpose	COMMUNITY SCHOLARSHIPS/GRANTS	PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

Field	Value	IRS element (for citing)
Description Program Srvc Accom	BOSTON BENEFITS FOUNDATION IS OPERATED EXCLUSIVELY FOR CHARITABLE,LITERARY,RELIGIOUS, SCIENTIFIC AND EDUCATIONAL PURPOSES. THE FOUNDATION PROMOTES AND ENCOURAGES EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITIES FOR CHILDREN FROM THE GREATER BOSTON METROPOLITAN REGION.	DescriptionProgramSrvcAccomTxt
Grants And Allocations	$10,000	GrantsAndAllocationsAmt
Program Service Expenses	$10,000	ProgramServiceExpensesAmt

Field	Value	IRS element (for citing)
Total Program Service Expenses	$10,000	TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (10 entries)

TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
CHARLES S BEAN III
PRESIDENT/DI	000.00	$0
MICHAEL J GILL
TREASURER/AS	000.00	$0
CHARLES F MURPHY III
CLERK/ DIREC	000.00	$0
PETER K HIGGINS
DIRECTOR	000.00	$0
JOHN J CRONIN
DIRECTOR	000.00	$0
MARK J BUCKLEY
DIRECTOR	000.00	$0
JAMES W REIDY
DIRECTOR	000.00	$0
DAVID P MURPHY
DIRECTOR	000.00	$0
EDWARD J SHEA
DIRECTOR	000.00	$0
STEPHEN G MCCOY
DIRECTOR	000.00	$0

Field	Value	IRS element (for citing)
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt	false	ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI	false	OrganizationHadUBIInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Form1120 Pol Filed	false	Form1120PolFiledInd
Made Loans To From Officers	false	MadeLoansToFromOfficersInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	HERITAGE FINANCIAL GROUP	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	100 LOWDER BROOK DRIVE SUITE 1000	AddressLine1Txt
City	WESTWOOD	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02090	ZIPCd

Field	Value	IRS element (for citing)
Phone	7812550214	PhoneNum

Field	Value	IRS element (for citing)
Foreign Financial Account	false	ForeignFinancialAccountInd
Foreign Office	false	ForeignOfficeInd
Donor Advised Fnds	false	DonorAdvisedFndsInd
Operate Hospital	false	OperateHospitalInd
Tanning Services Provided	false	TanningServicesProvidedInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	false	TransactionWithControlEntInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
School Operating	false	SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd Empl	NONE	PartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof Srvc	NONE	PartVIHghstPdCntrctProfSrvcTxt
Filed Schedule A	Yes (true)	FiledScheduleAInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$12,846	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,972	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,000	CurrentTaxYearAmt
Total	$15,818	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$12,846	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,972	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,000	CurrentTaxYearAmt
Total	$15,818	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$15,818	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$9,052	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$7,782	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$8,510	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$9,184	CurrentTaxYearMinus1YearAmt
Current Tax Year	$15,088	CurrentTaxYearAmt
Total	$49,616	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$65,434	TotalSupportAmt
Gross Receipts Rltd Activities	$10,685	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.24170	PublicSupportCY170Pct
Public Support PY170	0.31380	PublicSupportPY170Pct
Ten Pct Facts Crcmstncs Test CY	Yes (X)	TenPctFactsCrcmstncsTestCYInd
Facts And Circumstances Test	BOSTON BENEFITS FOUNDATION, INC. IS RECOGNIZED AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). ON THE BASIS OF THE SUPPORT RECEIVED DURING TAX YEARS 2018, 2019, 2020, 2021 AND 2022 IT MET THE ONE-THIRD SUPPORT TEST. BASED ON THE AGGREGATE SUPPORT AND OTHER FACTORS LISTED IN REGULATIONS SECTION 1.170A-9(F) (3) (III) (A) THROUGH (E) FOR TAX YEARS 2019, 2020, 2021, 2022 AND 2023 BOSTON BENEFITS,INC. MEETS THE FACT AND CIRCUMSTANCES TEST FOR THE AGGREGATE SUPPORT CALCULATED AT 24.17%. THE PERCENTAGE OF THE ORGANIZATIONS FINANCIAL SUPPORT FROM INVESTMENTS CAN BE ATTRIBUTED TO THE EARNINGS FROM PAST FUNDS ORIGINALLY CONTRIBUTED BY A GOVERNMENTAL UNIT OR BY THE GENERAL PUBLIC. BOSTON BENEFITS, INC. WAS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS ORGANIZED AND OPERATED IN A MANNER TO ATTRACT NEW AND ADDITIONAL PUBLIC OR GOVERNMENTAL SUPPORT ON A CONTINUOUS BASIS.	FactsAndCircumstancesTestTxt

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	PART II, LINE 17A	FormAndLineReferenceDesc
Explanation	BOSTON BENEFITS FOUNDATION, INC. IS RECOGNIZED AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). ON THE BASIS OF THE SUPPORT RECEIVED DURING TAX YEARS 2018, 2019, 2020, 2021 AND 2022 IT MET THE ONE-THIRD SUPPORT TEST. BASED ON THE AGGREGATE SUPPORT AND OTHER FACTORS LISTED IN REGULATIONS SECTION 1.170A-9(F) (3) (III) (A) THROUGH (E) FOR TAX YEARS 2019, 2020, 2021, 2022 AND 2023 BOSTON BENEFITS,INC. MEETS THE FACT AND CIRCUMSTANCES TEST FOR THE AGGREGATE SUPPORT CALCULATED AT 24.17%. THE PERCENTAGE OF THE ORGANIZATIONS FINANCIAL SUPPORT FROM INVESTMENTS CAN BE ATTRIBUTED TO THE EARNINGS FROM PAST FUNDS ORIGINALLY CONTRIBUTED BY A GOVERNMENTAL UNIT OR BY THE GENERAL PUBLIC. BOSTON BENEFITS, INC. WAS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS ORGANIZED AND OPERATED IN A MANNER TO ATTRACT NEW AND ADDITIONAL PUBLIC OR GOVERNMENTAL SUPPORT ON A CONTINUOUS BASIS.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 10	NAME: CHARITABLE DONATIONS CASH CONTRIBUTION: 10,000
FORM 990-EZ, PART I, LINE 16	EXPENSES MEETINGS 834 BANK SERVICE CHARGE 140 FOREIGN TAX PAID 208 SOFTWARE FEES 58 MA TAX 35 MA ANNUAL REPORT 19 TOTAL 1,294
FORM 990-EZ, PART I, LINE 20	CHANGE IN MARKET VALUE 34,064
FORM 990-EZ, PART II, LINE 24	2,550 2,550 LESS ACCUMULATED AMORTIZATION 2,550 2,550 ORGANIZATION COSTS 0 2,050 ACCUM. AMORT. - ORG. COSTS 0 -2,050 TRADEMARK 0 500 ACCUM. AMORT. - TRADEMARK 0 -500 TOTAL 0 0
FORM 990-EZ, PART III, LINE 28	BOSTON BENEFITS FOUNDATION IS OPERATED EXCLUSIVELY FOR CHARITABLE,LITERARY,RELIGIOUS, SCIENTIFIC AND EDUCATIONAL PURPOSES. THE FOUNDATION PROMOTES AND ENCOURAGES EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITIES FOR CHILDREN FROM THE GREATER BOSTON METROPOLITAN REGION.