BOSTON BENEFITS FOUNDATION: Form 990EZ, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- BOSTON BENEFITS FOUNDATION (EIN 04-3584693)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-04-30
- IRS object ID
- 202511209349202301
- Schema version
- 2024v5.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-04-30T15:23:20-04:00 | ReturnTs |
| Tax Period End | 2024-12-31 | 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 | 2024-01-01 | 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 | 2025-04-28 | 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 | 2025-04-28 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | 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 | $51,400 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $26,446 | ContributionsGiftsGrantsEtcAmt |
| Investment Income | $12,066 | InvestmentIncomeAmt |
| Sale Of Assets Gross | $12,888 | SaleOfAssetsGrossAmt |
| Gain Or Loss From Sale Of Assets | $12,888 | GainOrLossFromSaleOfAssetsAmt |
| Total Revenue | $51,400 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $11,000 | GrantsAndSimilarAmountsPaidAmt |
| Fees And Other Pymt To Ind Cntrct | $16,725 | FeesAndOtherPymtToIndCntrctAmt |
| Other Expenses Total | $2,587 | OtherExpensesTotalAmt |
| Total Expenses | $30,312 | TotalExpensesAmt |
| Excess Or Deficit For Year | $21,088 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $379,081 | NetAssetsOrFundBalancesBOYAmt |
| Other Changes In Net Assets | $12,816 | OtherChangesInNetAssetsAmt |
| Net Assets Or Fund Balances EOY | $412,985 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $379,081 | BOYAmt |
| EOY | $412,985 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $379,081 | BOYAmt |
| EOY | $412,985 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $379,081 | BOYAmt |
| EOY | $412,985 | 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 | $11,000 | GrantsAndAllocationsAmt |
| Program Service Expenses | $11,000 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $11,000 | 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 Minus3 Years | $12,846 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,972 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $26,446 | CurrentTaxYearAmt |
| Total | $42,264 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $12,846 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,972 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $26,446 | CurrentTaxYearAmt |
| Total | $42,264 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $42,264 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,782 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,510 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,184 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,088 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,057 | CurrentTaxYearAmt |
| Total | $52,621 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $94,885 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $10,694 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.44540 | PublicSupportCY170Pct |
| Public Support PY170 | 0.24170 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 17B | 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: 11,000 |
| FORM 990-EZ, PART I, LINE 16 | EXPENSES MEETINGS 2,279 FOREIGN TAX PAID 254 MA ANNUAL REPORT 54 TOTAL 2,587 |
| FORM 990-EZ, PART I, LINE 20 | CHANGE IN MARKET VALUE 12,816 |
| FORM 990-EZ, PART II, LINE 24 | 2,550 2,550 LESS ACCUMULATED AMORTIZATION 2,550 2,550 ORGANIZATION COSTS 2,050 0 ACCUM. AMORT. - ORG. COSTS -2,050 0 TRADEMARK 500 0 ACCUM. AMORT. - TRADEMARK -500 0 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. |