BOSTON BENEFITS FOUNDATION: Form 990EZ, tax year 2014

View the entire original 990 at ProPublica ↗

Organization: BOSTON BENEFITS FOUNDATION (EIN 04-3584693)
Tax period: 2014-01-01 to 2014-12-31
Filed: 2015-07-28
IRS object ID: 201502099349200510
Schema version: 2014v5.0
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	2015-07-28T10:54:22-05:00	ReturnTs
Tax Period End	2014-12-31	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	2014-01-01	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	PersonTitleTxt
Phone	7812550214	PhoneNum
Signature	2015-06-11	SignatureDt

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JOSEPH B MORIARTY CPA	PreparerPersonNm
PTIN	P00043600	PTIN
Phone	7817696300	PhoneNum
Preparation	2015-06-11	PreparationDt

Field	Value	IRS element (for citing)
Tax	2014	TaxYr
Build TS	2016-02-25 16:41:14Z	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	$99,270	GrossReceiptsAmt
Info In Schedule O Part I	Yes (X)	InfoInScheduleOPartIInd
Investment Income	$13,979	InvestmentIncomeAmt
Sale Of Assets Gross	$80,515	SaleOfAssetsGrossAmt
Cost Or Other Basis Expense Sale	$73,900	CostOrOtherBasisExpenseSaleAmt
Gain Or Loss From Sale Of Assets	$6,615	GainOrLossFromSaleOfAssetsAmt
Gaming Gross Income	$4,776	GamingGrossIncomeAmt
Special Events Direct Expenses	$3,380	SpecialEventsDirectExpensesAmt
Special Events Net Income Loss	$1,396	SpecialEventsNetIncomeLossAmt
Total Revenue	$21,990	TotalRevenueAmt
Grants And Similar Amounts Paid	$12,500	GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct	$525	FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint	$33	OccupancyRentUtltsAndMaintAmt
Other Expenses Total	$280	OtherExpensesTotalAmt
Total Expenses	$13,338	TotalExpensesAmt
Excess Or Deficit For Year	$8,652	ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY	$272,442	NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets	-$1,850	OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY	$279,244	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part II	Yes (X)	InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

Field	Value	IRS element (for citing)
BOY	$272,342	BOYAmt
EOY	$279,177	EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

Field	Value	IRS element (for citing)
BOY	$100	BOYAmt
EOY	$67	EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$272,442	BOYAmt
EOY	$279,244	EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

Field	Value	IRS element (for citing)
BOY	$272,442	BOYAmt
EOY	$279,244	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 (2 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxt	Grants And AllocationsGrantsAndAllocationsAmt	Program Service ExpensesProgramServiceExpensesAmt
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. IN CONSIDERATION OF THE FOREGOING, THE FOUNDATION MADE A 10,000 CONTRIBUTION TO THE MCDONALD CHILDREN'S SCHOLARSHIP, LOCAL CHAPTER LOCATED IN BROOKLINE, MA. SCHOLARSHIPS ARE AWARDED TO STUDENTS IN FINANCIAL NEED WHO HAVE DEMONSTRATED ACADEMIC ACHIEVEMENT, LEADERSHIP AND COMMUNITY INVOLVEMENT.	$10,000	$10,087
BOSTON BENEFITS FOUNDATION IS OPERATED EXCLUSIVELY FOR CHARITABLE,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. IN CONSIDERATION OF THE FOREGOING, THE FOUNDATION MADE A 2,500 CONTRIBUTION TO THE GENSIS FUND, LOCATED IN WALTHAM, MA. THE GENSIS FUND IN A NEW ENGLAND BASED NON-PROFIT ORGANIZATION WHICH STRIVES TO FULFILL ITS MISSION TO RAISE FUNDS TO ENRICH THE LIVES OF CHILDREN AND THEIR FAMILIES AFFECTED BY BIRTH DEFECTS, GENETIC DISORDERS AND INTELLECTUTUAL DISABILITIES.	$2,500	$2,500

Field	Value	IRS element (for citing)
Total Program Service Expenses	$12,587	TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (7 entries)

TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
CHARLES S BEAN III
PRES./DIRECT	000.00	$0
MICHAEL J GILL
TREASURER/AS	000.00	$0
CHARLES F MURPHY III
CLERK/ DIREC	000.00	$0
PETER HIGGINS
DIRECTOR	000.00	$0
JOHN CRONIN
DIRECTOR	000.00	$0
JAMES W REIDY
DIRECTOR	000.00	$0
MARK BUCKLEY
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)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$40,050	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$47,845	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$300	CurrentTaxYearMinus2YearsAmt
Total	$88,195	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$40,050	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$47,845	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$300	CurrentTaxYearMinus2YearsAmt
Total	$88,195	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$88,195	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$6,418	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$7,528	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$7,196	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$7,823	CurrentTaxYearMinus1YearAmt
Current Tax Year	$13,979	CurrentTaxYearAmt
Total	$42,944	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$6,418	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$7,528	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$7,196	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$7,823	CurrentTaxYearMinus1YearAmt
Current Tax Year	$13,979	CurrentTaxYearAmt
Total	$42,944	TotalAmt

Net Income From Other UBI NetIncomeFromOtherUBIGrp

Field	Value	IRS element (for citing)
Current Tax Year	$396	CurrentTaxYearAmt
Total	$396	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$46,468	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$55,373	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$7,496	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$7,823	CurrentTaxYearMinus1YearAmt
Current Tax Year	$14,375	CurrentTaxYearAmt
Total	$131,535	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.67050	PublicSupportCY509Pct
Public Support PY509	0.80020	PublicSupportPY509Pct
Investment Income CY	0.33000	InvestmentIncomeCYPct
Investment Income PY	0.20000	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 10	MCDONALD CHILDRENS SCHOLARSHIP 229 KENT STREET BROOKLINE, MA 02446 10,000 0 0
FORM 990-EZ, PART I, LINE 16	EXPENSES FILING FEES 92 BOARD MEETING 87 FOREIGN TAX PAID 101 TOTAL 280
FORM 990-EZ, PART I, LINE 20	CHANGE IN MARKET VALUE -1,850
FORM 990-EZ, PART II, LINE 24	2,550 2,550 LESS ACCUMULATED AMORTIZATION 2,450 2,483 TOTAL 100 67
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. IN CONSIDERATION OF THE FOREGOING, THE FOUNDATION MADE A 10,000 CONTRIBUTION TO THE MCDONALD CHILDREN'S SCHOLARSHIP, LOCAL CHAPTER LOCATED IN BROOKLINE, MA. SCHOLARSHIPS ARE AWARDED TO STUDENTS IN FINANCIAL NEED WHO HAVE DEMONSTRATED ACADEMIC ACHIEVEMENT, LEADERSHIP AND COMMUNITY INVOLVEMENT.
FORM 990-EZ, PART III, LINE 29	BOSTON BENEFITS FOUNDATION IS OPERATED EXCLUSIVELY FOR CHARITABLE,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. IN CONSIDERATION OF THE FOREGOING, THE FOUNDATION MADE A 2,500 CONTRIBUTION TO THE GENSIS FUND, LOCATED IN WALTHAM, MA. THE GENSIS FUND IN A NEW ENGLAND BASED NON-PROFIT ORGANIZATION WHICH STRIVES TO FULFILL ITS MISSION TO RAISE FUNDS TO ENRICH THE LIVES OF CHILDREN AND THEIR FAMILIES AFFECTED BY BIRTH DEFECTS, GENETIC DISORDERS AND INTELLECTUTUAL DISABILITIES.