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Philanthropy Massachusetts (Associated Grant Makers Inc.)

 133 Federal Street, Suite 802
 Boston, MA 02110
[P] (617) 4262606
[F] --
www.philanthropyma.org
[email protected]
Kelton Artuso
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INCORPORATED: 1969
 Printable Profile (Summary / Full)
EIN 04-2457605

LAST UPDATED: 10/25/2018
Organization DBA Philanthropy Massachusetts
Former Names Associated Grant Makers (2018)
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 »

Philanthropy Massachusett'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

Philanthropy Massachusett'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, 2018 to Dec 31, 2018
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 2017 (%)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

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


Overview

Mission Statement

Philanthropy Massachusett'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, Philanthropy Massachusetts 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. Philanthropy Massachusetts 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, Philanthropy Massachusetts 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. Philanthropy Massachusetts is also home to The Summer Fund, a $1.3m donor collaborative that provides underserved and at-risk youth access to quality summer enrichment opportunities. Philanthropy Massachusetts also serves as a fiscal agent for a number of initiatives, donor collaboratives and affinity groups in the philanthropic community including Massachusetts Census Equity Fund 2020, Boston Education Funders, the Foundation to Be Named Later, Social Justice Funders Network, the Economic Justice Funders Network, and Power Launch.

Impact Statement

Last Year’s Accomplishments

1. Philanthropy MA presented 30 convenings on funder issues or best practices in the field with over 900 participants taking part and collaborated with Members and other thought leaders to foster a more strategic philanthropic sector.

2. Philanthropy MA issued 41 research reports for grant makers and nonprofit organizations.

3. Philanthropy MA provided professional development and networking opportunities for our Nonprofit Partners. Over 900 participants took part in programming.

3. Philanthropy MA served as a center for collaboration. We partnered with philanthropy-serving organizations and consultants on our convenings, and we serve as fiscal agent to donor collaboratives, emerging foundations and affinity groups. The Summer Fund, a $1.3m donor collaborative, is one of the oldest and largest in the state; others include Massachusetts Census Equity Fund 2020, the Boston Education Funders, the Economic Justice Funders Network, the Foundation to be Named Later, Power Launch, and the Social Justice Funders Network.

Goals

1. Philanthropy MA will support members’ needs for education, information and resources through services and programs and will introduce issues from our sector and community to help our region’s philanthropies advance social change.

2. Philanthropy MA will become a more accessible partner to organizations working across MA.

3. Philanthropy MA will become a catalyst and model of collaboration by activating its strong network to connect groups working in similar geographies, roles, or issues.

4. Philanthropy MA will offer various platforms for members and other key stakeholders to share and discover knowledge and resources within and beyond the network and will hold up innovative philanthropic practice and successes for the philanthropic community.

5. Philanthropy MA will continue its role as a bridge between funders and nonprofits in order to form the most effective partnerships.


Needs Statement

Provide a deeper level of educational opportunities and research for foundations, grant makers, and other philanthropic interests, 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. Implementation of Strategic plan for 2018-2020, with a 3-year goal of $500,000-$750,000 of funding (contributed and earned revenue).


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.

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.

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
Philanthropy MA serves all regions of Massachusetts.

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 Philanthropy Massachusetts' mission is a vibrant and interconnected grant making community in the philanthropic sector. Philanthropy MA 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, Family Foundation CEO network, Massachusetts Census Equity Fund 2020, and the Community Foundation Roundtable as well as funders organized by thematic interests.

 


Budget  $94,000.00
Category  None of the above
Population Served Other Named Groups
Program Short-Term Success 
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Program Long-Term Success 
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Program Success Monitored By  Membership feedback, annual survey, board and staff assessment.
Examples of Program Success 
Philanthropy MA has a high member retention rate at 93%. Attendance at programs has consistently grown each year, new member growth and engagement has surpassed goals each year since 2010, and Philanthropy MA has increased its operating surplus from a 3 month cash reserve to now over 8 months. Respondents in annual member surveys cite “to network and learn from others in our own field” as the top motivation for remaining as a member. 
 

Education and Information in Philanthropy

In order to develop an informed and strategic philanthropic community, Philanthropy Massachusetts 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.

Philanthropy MA 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  $290,000.00
Category  None of the above
Population Served Other Named Groups
Program Short-Term Success 
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Program Long-Term Success 
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Program Success Monitored By  Membership feedback, annual survey, board and staff assessment.
Examples of Program Success 

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

As an association for grant makers, Philanthropy MA 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  $200,000.00
Category  None of the above
Population Served Other Named Groups
Program Short-Term Success 

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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 4.5 out of 5 in overall ratings for the series. Meet the Donors programs and workshops are consistently at capacity.


Resources for the Philanthropic Sector

Philanthropy Massachusetts 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 and Report Forms, which are universal grant application and report forms for nonprofits to streamline duplicate information required by foundations.

 

Budget  $70,000.00
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 

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CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Mr. Jeff Poulos
CEO Term Start Aug 2010
CEO Email [email protected]
CEO Experience

Since mid-2010, Jeff has served as the Chief Executive Officer of Philanthropy Massachusetts. Jeff is currently the Chair of the board of the United Philanthropy Forum, as well as emeritus member of the Massachusetts Nonprofit Network Board of Directors.

Prior to joining Philanthropy MA, Jeff served for ten years as Executive Director of StageSource, the Greater Boston Theatre Alliance, a regional association for theatre artists and organizations. Jeff has also worked at the Huntington Theatre Company in a number of positions and as General Manager at the New Repertory Theatre.

Additionally, Jeff has served on the Leadership Team of the national D5 Coalition on Diversity, Equity and Inclusion in Philanthropy, as Chair of the Arts Services Coalition of Boston, as Board Treasurer of Massachusetts Advocates for Arts Sciences and Humanities (a pre-cursor to MassCreative), and as a member of The Boston Foundation Arts and Culture Advisory Committee and the Massachusetts Cultural Council's Advisor Corps. In 2007, Jeff was one of 56 arts leaders to attend the Executive Program for Nonprofit Leadership-Arts at Stanford University Graduate School of Business Center for Social Innovation. In 2011, Jeff was awarded the StageSource Theatre Hero Award for his long-time service to the Greater Boston theatre community. Jeff is a resident of Watertown, Massachusetts, and a graduate of Ithaca College.

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
Alex McCray Senior Director, Programs Alex joined AGM as the Senior Director of Programs in August 2017. With a career in the nonprofit sector that spans 20 years, most recently Alex McCray served in a Resource Development capacity at both the United Way of Greater Plymouth County and the United Way of Rhode Island. Prior to his work within that network, Alex was a Senior Associate at Nonprofit Finance Fund (NFF), helping to strengthen nonprofits and enabling social sector leaders to make sound strategic decisions. In addition to raising funds and consulting, Alex has held program management and marketing roles within youth, workforce development and arts-focused nonprofits. For four years Alex gained a grantmaker's perspective in his position as a Grant Programs Associate at the Rhode Island Foundation, where he continues to serve on an Advisory Council. In 2017 Alex joined the Board of Directors of Project STEP, and became a Big Brother again. Alex received his M.S. Nonprofit Management - Leadership, from Northeastern University’s College of Professional Studies (CPS) in 2012, where he now serves as a Lecturer. Alex was awarded his B.A. in Economics from Bowdoin College.
Gail Pinkham Senior Director of Communications Since joining AGM in 2002, Gail has been responsible for the communications and branding in her position as Senior Director of Communications. Her work includes creating AGM’s marketing collateral such as the Annual Report and Member and Nonprofit Partner collateral, design and content updates of the AGM website, production of the Members newsletter and promotion of AGM programs and events via social media outlets. Before entering the nonprofit field, Gail had over 10 years of experience in the corporate sector with Hill, Holliday Exhibition Services as Director of Marketing for conferences for Primary Medicine Today, American Institute of Architects and the National Association of Realtors, Deltek Systems as Director of Strategic Marketing and Director of B2B Marketing at experience.com. Gail serves on the committee of Boston Women Communicators, Bridges Together, and Friends of the Burlington Dog Park and is a board member of the Christopher Catanese Children's Foundation and the New England Patients' Right Group. She holds a bachelor’s degree in marketing from the Carroll School of Management at Boston College.

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

--

CEO/Executive Director/Board Comments

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Foundation Comments

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Staff Information

Number of Full Time Staff 5
Number of Part Time Staff 2
Number of Volunteers 0
Number of Contract Staff 0
Staff Retention Rate % --

Staff Demographics

Ethnicity African American/Black: 1
Asian American/Pacific Islander: 0
Caucasian: 6
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 4
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. Tref Borden
Board Chair Company Affiliation Fish Family Foundation
Board Chair Term June 2017 - June 2019
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Tref Borden Fish Family Foundation Voting
Phil Buchanan Center for Effective Philanthropy Voting
Stephen Chan The Boston Foundation Voting
Lynne Doblin Smith Family Foundation Voting
Ruth Ellen Fitch Ludcke Foundation Voting
Nancy Gardiner Hemenway & Barnes Voting
Lori Gazzillo Berkshire Bank Foundation Voting
Karen Gill Klarman Family Foundation Voting
Josie Greene Josephine and Louise Crane Family Foundation Voting
Kate Grundy The Devonshire Foundation Voting
Phil Hall GMA Foundations Voting
Deva Hirsch Paul & Phyllis Fireman Foundation Voting
David Howse ArtsEmerson Voting
Giles Li Boston Chinatown Neighborhood Center Voting
Dana Neshe Middlesex Savings Charitable Foundation Voting
Christopher O'Keeffe Greater Worcester Community Foundation Voting
Denise Porche The Island Foundation Voting
Jeff Poulos Associated Grant Makers --
Jocelyn Sargent The Hyams Foundation Voting
Audrey Shelto Blue Cross Blue Shield Foundation of MA Voting
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: 4
Asian American/Pacific Islander: 2
Caucasian: 15
Hispanic/Latino: 2
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 16
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

  • Executive
  • Finance
  • Governance and Nominating
  • 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 2017 (%)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Fiscal Year Jan 01, 2018 to Dec 31, 2018
Projected Income $787,511.00
Projected Expense $754,181.00
Form 990s

2017 990

2016 990

2015 990

2014 990

2013 990

2012 990

2011 990

2010 990

2009 990

2008 990

Audit Documents

2017 Audit

2016 Audit

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 2017 2016 2015
Total Revenue $2,367,480 $2,229,068 $1,729,599
Total Expenses $1,927,699 $1,841,409 $1,678,356

Prior Three Years Revenue Sources

Fiscal Year 2017 2016 2015
Foundation and
Corporation Contributions
-- -- --
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions -- -- --
Indirect Public Support -- -- --
Earned Revenue $232,448 $231,110 $250,430
Investment Income, Net of Losses $4,211 $3,797 $1,612
Membership Dues $545,285 $528,811 $489,950
Special Events -- -- --
Revenue In-Kind -- $7,694 $7,694
Other $1,585,536 $1,457,656 $979,913

Prior Three Years Expense Allocations

Fiscal Year 2017 2016 2015
Program Expense $1,520,019 $1,497,515 $1,340,488
Administration Expense $259,183 $193,444 $194,469
Fundraising Expense $148,497 $150,450 $143,399
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.23 1.21 1.03
Program Expense/Total Expenses 79% 81% 80%
Fundraising Expense/Contributed Revenue 0% 0% 0%

Prior Three Years Assets and Liabilities

Fiscal Year 2017 2016 2015
Total Assets $2,476,930 $1,654,802 $1,116,993
Current Assets $1,402,123 $1,218,915 $855,257
Long-Term Liabilities $711,025 $355,798 $182,827
Current Liabilities $57,473 $30,353 $53,174
Total Net Assets $1,708,432 $1,268,651 $880,992

Prior Three Years Top Three Funding Sources

Fiscal Year 2017 2016 2015
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? 10.00

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 2017 2016 2015
Current Ratio: Current Assets/Current Liabilities 24.40 40.16 16.08

Long Term Solvency

Fiscal Year 2017 2016 2015
Long-term Liabilities/Total Assets 29% 22% 16%

CEO/Executive Director/Board Comments

Philanthropy Massachusetts 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 Philanthropy MA'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, Philanthropy Massachusetts (Associated Grant Makers) 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 above.

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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