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Associated Grant Makers Inc.

 133 Federal Street, Suite 802
 Boston, MA 02110
[P] (617) 4262606
[F] (617) 4262849
www.agmconnect.org
jpoulos@agmconnect.org
Jeff Poulos
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INCORPORATED: 1969
 Printable Profile (Summary / Full)
EIN 04-2457605

LAST UPDATED: 09/29/2016
Organization DBA Associated Grantmakers of Massachusetts
Former Names Associated Grantmakers of Massachusetts (2002)
Organization received a competitive grant from the Boston Foundation in the past five years Yes

Summary

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Mission StatementMORE »

AGM's mission is to promote the practice and expansion of effective and responsible philanthropy to improve the health and vitality of its region.

Mission Statement

AGM's mission is to promote the practice and expansion of effective and responsible philanthropy to improve the health and vitality of its region.


FinancialsMORE »

Fiscal Year Jan 01, 2015 to Dec 31, 2015
Projected Income $787,511.00
Projected Expense $754,181.00

ProgramsMORE »

  • Building and Strengthening a Philanthropic Network
  • Education and Information in Philanthropy
  • Nonprofit Partners Program (Bridging the gap between nonprofits and philanthropic grant makers)
  • Resources for the Philanthropic Sector

Revenue vs. Expense ($000s)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

AGM's mission is to promote the practice and expansion of effective and responsible philanthropy to improve the health and vitality of its region.


Background Statement

Founded in 1969, AGM is a diverse and vibrant membership association of highly engaged philanthropic organizations and individuals with interests in Massachusetts and surrounding areas.  We connect new and established donors, their trustees and staff to each other, to their communities and to emerging and relevant issues in the field.  AGM serves as a bridge between funders and fund applicants for better understanding, efficiency and impact.  As a leading and influential voice and advocate for effective philanthropy, AGM provides access to knowledge and cooperative action that enables our members to create extraordinary value for each other, their grantees and to collectively shape the future of a healthy and vibrant region. AGM also serves as a fiscal agent for a number of initiatives, donor collaboratives and affinity groups in the philanthropic community including The Summer Fund, Boston Education Funders, the Foundation to Be Named Later, Social Justice Funders Network, the Economic Justice Organizing Funders Network, and Greater Boston Women and Girls funders.


Impact Statement

Last Year’s Accomplishments

1. AGM was a more Member driven organization, presenting 36 convenings on funder issues or best practices in the field.. Over 75% of these were in collaboration with Members fostering a more strategic philanthropic sector and a better vision for social and economic change.

2. AGM provided quality education for its Members. AGM issued 25 research reports for grant makers, and in our recent Member impact assessment, 83% of respondents noted that information learned from AGM was further shared with board or staff members.

3. In the past year, we have provided over 30 networking and roundtable opportunities for foundations to collaborate and convene, be more impactful, and create partnerships for their philanthropic opportunities. 84% of respondents of our impact assessment listed AGM’s networking opportunities as their top reason for continued engagement with AGM.

4. AGM served as a center for collaboration. We serve as fiscal agent to donor collaboratives, emerging foundations and affinity groups. The Summer Fund, a $1.2m donor collaborative, is one of the oldest and largest in the state; others include Boston Education Funders, the Yippee Foundation, the Foundation to Be Named Later, and Boston Women and Girls funders. Additionally, AGM was one of the 3 lead organizers of MassNeeds, a collective of 51 funding organizations that provided over $13 million in support to organizations addressing housing, hunger, heating and health issues during critical winter months. 

Future Goals

1. AGM aims to further educate the philanthropic community by delivering richer and more comprehensive content driven programs as a response to member interests and issues identified by AGM as needs in the sector.

2. AGM is strengthening its services to its constituents through more quality education for the sector, more advanced tools, and greater public policy advocacy. We have plans to update our technology infrastructure including website and database employing current open source platforms to make our online services easier to use. Additionally, we are building relationships within the public sector to better educate about the value philanthropy brings to the region.

3. At the cross-section of the philanthropic and nonprofit communities, AGM will strengthen the bridge between funders and grant seekers through a core set of programs for grant seekers and foster a more educated sector of fund developers.


Needs Statement

  1. Develop more effective communications tools to better serve AGM grant maker members including a Content Management System-based website and a more integrated and user-friendly database. $65,000-$75,000
  2. Provide a deeper level of educational opportunities and research for grant makers, foster catalytic opportunities for funder collaboratives, and develop a higher level of investment in solutions. This requires resources to support greater content expertise and more impactful post-event activities for funder briefings.
  3. Implement the next generation of an online Common Grant Application and Reporting system to assist grant makers in streamlining and simplifying grant processes for grant seekers.

CEO Statement

Infrastructure organizations that are behind the scenes can be most impactful by being a solid support to the organizations on the front lines - the nonprofit organizations and grantmakers providing direct support and service. Our impact is in bringing the best knowledge, greater capacity, and resources we can enabling the sector to reach its fullest potential. What we do isn't highly visible, but we have a reach across all sectors in a way that helps every organization do their work more efficiently and effectively.

Board Chair Statement

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Geographic Area Served

STATEWIDE
AGM serves Massachusetts and New Hampshire.

Organization Categories

  1. Philanthropy,Voluntarism & Grantmaking Foundations - Professional Societies & Associations
  2. Philanthropy,Voluntarism & Grantmaking Foundations - Professional Societies & Associations
  3. Philanthropy,Voluntarism & Grantmaking Foundations - Philanthropy/Charity/ Voluntarism Promotion (General)

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

No

Programs

Building and Strengthening a Philanthropic Network

Essential to AGM’s mission is a vibrant and interconnected grant making community in the philanthropic sector. AGM accomplishes this through key programs which bring together funding communities throughout the state to discuss issues in their areas of focus or geographic interest.  Groups include the Western Massachusetts Funders Group, MetroWest Funders, and the Community Foundation Roundtable as well as funders organized by thematic interests such as MassNeeds and the Disabilities Funders Working Group. 

 

AGM continues to support affinity groups in philanthropy by providing opportunities for professional development and convenings. 

Budget  .
Category  None of the above
Population Served Other Named Groups
Program Short-Term Success 
.
Program Long-Term Success 
.
Program Success Monitored By  Membership feedback, annual survey, board and staff assessment.
Examples of Program Success 
AGM has a high member retention rate at over 90%. Over 84% of respondents in the most recent member survey cited “to network and learn from others in our own field” as the top motivation for remaining as a member. 90% of respondents cited AGM’s programs in networking as among the most valuable.
 

Education and Information in Philanthropy

In order to develop an informed and strategic philanthropic community, AGM aims to educate and share information regarding best practices, issues, and tools available to grant makers. Issue-based learning opportunities are presented through funder briefings and online materials that provide educational opportunities for funders to learn and discuss prevalent issues (i.e., housing, homelessness, racial disparity, social justice, etc.). Other offerings are aimed at introducing best practices in the philanthropic community including diversity practices, financial competency, and evaluation tools.

AGM also provides customized research for Member foundations which may focus on the funder’s priority issue or operational efficiencies. Research results provide a scan of different strategies employed and other players engaged in the philanthropic arena.

Budget  .
Category  None of the above
Population Served Other Named Groups
Program Short-Term Success 
.
Program Long-Term Success 
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Program Success Monitored By  Membership feedback, annual survey, board and staff assessment.
Examples of Program Success  The most recent Member survey results indicate high levels of satisfaction, performing Moderate to Extremely Well in “Knowledge of Practices” (100%), “Knowledge of Sector Issues” (99%), “Key Resource for Knowledge” (97%)

Nonprofit Partners Program (Bridging the gap between nonprofits and philanthropic grant makers)

As an association for grant makers, AGM is invested in the quality and relationships between the funder and the grant seeker. We provide professional development opportunities such as classes, panels, and information to educate nonprofit staff and boards. The most popular program is the Meet-the-Donors series in which nonprofit professionals can ask questions of foundations to better understand their grant processes and standards of the sector. Cultivating conversations and relationships between funders and grantees opens the door to a more open and educated grant process. Additional programs include access to grant research databases, instructional workshops on grant writing and research, and access to foundation requests for proposals.

Budget  .
Category  None of the above
Population Served Other Named Groups
Program Short-Term Success 

We have increased Grant Maker Directory listings from 380 to over 420; updated 50% of the current directory listings; launch of new program, the Nonprofit Learning Institute presented in partnership with Bank of America Foundation, for a cohort of 21 nonprofit organizations; presented fourMeet the Donors programs (sessions on Environment, Evaluation, Education, and Economic Development) which were at capacity.

Program Long-Term Success 
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Program Success Monitored By  Membership feedback, annual survey, board and staff assessment
Examples of Program Success  Nonprofit Learning Institute sessions received high praise from cohort participants, receiving an average of 4.9 out of 5 in overall ratings for the series. ; Meet the Donors programs at capacity.

Resources for the Philanthropic Sector

AGM provides a variety of tools to strengthen the philanthropic sector for both foundations and nonprofit organizations.  Additional tools centered on better communications with the philanthropic sector include the Grant Maker Directory, a vetted database of Massachusetts funders with detailed reports on their funding categories; and the Common Proposal Form, which is a universal grant application for nonprofits to streamline duplicate information required by foundations.

Budget  .
Category  None of the above
Population Served Other Named Groups
Program Short-Term Success 
.
Program Long-Term Success 
.
Program Success Monitored By  Membership feedback, annual survey, board and staff assessment.
Examples of Program Success  The most recent Member survey results indicate high levels of satisfaction, performing Moderate to Extremely Well in “Support Best Practices” (98%), and “Organizational Resources” (90%).

CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Mr. Jeff Poulos
CEO Term Start Aug 2010
CEO Email jpoulos@agmconnect.org
CEO Experience --
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
-- -- --

Senior Staff

Name Title Experience/Biography
Dayna Antenucci Senior Director, The Summer Fund --
Ann Garchinsky Director of Finance and Administration --
Gail Pinkham Director of Communications --
Ramani Sripada Director of Member Programs and Services --

Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? Yes
Name of state association Massachusetts Nonprofit Network

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

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CEO/Executive Director/Board Comments

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Foundation Comments

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Staff Information

Number of Full Time Staff 6
Number of Part Time Staff 2
Number of Volunteers 0
Number of Contract Staff 0
Staff Retention Rate % 100%

Staff Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 2
Caucasian: 6
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 5
Male: 3
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? No
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 5
Management Succession Plan No
Business Continuity of Operations Plan No
Organization Policies And Procedures Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy Yes
State Charitable Solicitations Permit Yes
State Registration Yes

Risk Management Provisions

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Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually

Governance


Board Chair Ms. Nancy Gardiner
Board Chair Company Affiliation Hemenway & Barnes
Board Chair Term June 2015 - June 2016
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Delia Arellano-Weddleton Nellie Mae Education Foundation Voting
Tref Borden Fish Family Foundation --
Mari Brennan Barrera Barrera Consulting Voting
Heidi Brooks The Schott Foundation for Public Education Voting
Stephen Chan The Boston Foundation Voting
Lynne Doblin Smith Family Foundation Voting
Nancy Gardiner Hemenway & Barnes --
Lori Gazzillo Berkshire Bank Foundation Voting
Jim Grace Arts & Business Council of Greater Boston --
Phil Hall GMA Foundations Voting
Claudia Jacobs Brandeis University --
Jennifer Lee Blue Cross Blue Shield Foundation --
Ann McQueen McQueen Philanthropic --
Nora Moreno Cargie Tufts Health Plan Foundation Voting
Dana Neshe Middlesex Savings Charitable Foundation Voting
Amanda Northrop State Street Foundation --
Christopher O'Keeffe Greater Worcester Community Foundation Voting
Mark Paley Hyams Foundation --
Denise Porche The Island Foundation Voting
Jeff Poulos Associated Grant Makers --
Alicia Verity Bank of America Voting
Robert Zaccardi Eaton Vance Investment Counsel Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 1
Asian American/Pacific Islander: 3
Caucasian: 17
Hispanic/Latino: 1
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 15
Male: 7
Not Specified 0

Board Information

Board Term Lengths 3
Board Term Limits 2
Board Meeting Attendance % --
Written Board Selection Criteria Yes
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions --
Constituency Includes Client Representation Yes

Standing Committees

  • Diversity & Inclusion
  • Executive
  • Finance
  • Membership
  • Program / Program Planning
  • Public Policy/Advocacy

CEO/Executive Director/Board Comments

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Foundation Comments

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Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Fiscal Year Jan 01, 2015 to Dec 31, 2015
Projected Income $787,511.00
Projected Expense $754,181.00
Form 990s

2014 990

2013 990

2012 990

2011 990

2010 990

2009 990

2008 990

Audit Documents

2015 Audit

2014 Audit

2013 Audit

2012 Audit

2011 Audit

2010 Audit

2009 Audit

2008 Audit

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2015 2014 2013
Total Revenue $1,729,599 $1,882,143 $2,092,271
Total Expenses $1,678,356 $1,906,296 $2,101,769

Prior Three Years Revenue Sources

Fiscal Year 2015 2014 2013
Foundation and
Corporation Contributions
-- -- --
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions -- -- --
Indirect Public Support -- -- --
Earned Revenue $250,430 $235,136 $242,353
Investment Income, Net of Losses $1,612 $1,049 $1,783
Membership Dues $489,950 $481,995 $481,300
Special Events -- -- --
Revenue In-Kind $7,694 $20,693 --
Other $979,913 $1,143,270 $1,366,835

Prior Three Years Expense Allocations

Fiscal Year 2015 2014 2013
Program Expense $1,340,488 $1,534,735 $1,743,989
Administration Expense $194,469 $237,858 $235,156
Fundraising Expense $143,399 $133,703 $122,624
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.03 0.99 1.00
Program Expense/Total Expenses 80% 81% 83%
Fundraising Expense/Contributed Revenue 0% 0% 0%

Prior Three Years Assets and Liabilities

Fiscal Year 2015 2014 2013
Total Assets $1,116,993 $992,375 $1,297,224
Current Assets $855,257 $820,578 $823,328
Long-Term Liabilities $182,827 $113,308 $407,231
Current Liabilities $53,174 $49,318 $36,091
Total Net Assets $880,992 $829,749 $853,902

Prior Three Years Top Three Funding Sources

Fiscal Year 2015 2014 2013
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value --
Spending Policy Income Only
Percentage(If selected) --
Credit Line Yes
Reserve Fund Yes
How many months does reserve cover? 6.00

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2015 2014 2013
Current Ratio: Current Assets/Current Liabilities 16.08 16.64 22.81

Long Term Solvency

Fiscal Year 2015 2014 2013
Long-term Liabilities/Total Assets 16% 11% 31%

CEO/Executive Director/Board Comments

AGM serves as the fiscal agent for a number of donor collaboratives, foundations, and affinity groups. As such, our financial reporting to the IRS includes information including these entities. However, for the purposes of this profile, we have reported AGM's Core Operating Expenses and Income.

Foundation Comments

Financial summary data in the charts and graphs above is per the organization's audited financials. Contributions from foundations, corporations and individuals are listed under membership when the breakout was not available. 
 
Please note, Associated Grant Makers (AGM) is a fiscal sponsor of the Summer Fund, an unincorporated collaborative of private funders in Greater Boston, which is listed on the above audits as  "designated contributions." This amount is listed under "Other" in the charts for FY15, FY14, and FY13.
 
Please note, administrative expenses for FY13 includes loss on disposal of equipment and relocation expenses.

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

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2. What are your strategies for making this happen?

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3. What are your organization’s capabilities for doing this?

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4. How will your organization know if you are making progress?

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5. What have and haven’t you accomplished so far?

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