Brighton Marine Inc
94% goes to programs $0 to raise $100
Brighton Marine Inc is a 501(c)(3) organization based in Brighton, Massachusetts, registered in 1983, with $165,220,119 in FY2023 revenue. CharityIndex grades it A, and it directs about 94% of spending to programs.
77 Warren St Exec Office Fl 7, Brighton, MA, 02135 EIN 04-2742727 Since 1983
Revenue (FY2023)
$165.2M
▲ 1.4% vs prior year
Health median: $840K
Expenses (FY2023)
$170.3M
Net assets
$51.2M
Employees
28
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating94% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Brighton Marine Inc: 94% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating4 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Brighton Marine Inc: 4 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Brighton Marine Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Brighton Marine Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To ensure quality health care is delivered to uniformed service beneficiaries.
What they do
The homeless veterans empowerment fund assists housing insecure veterans by funding expenses associated with obtaining permanent housing in the greater boston area. brighton marine, inc. works in partnership with the boston housing authority and department of veterans affairs, to fill funding gaps associated with the placement of homeless veterans using veterans affairs supportive housing (vash) certificate subsidies.
Veterans housing at brighton marine provides 25 permanent housing units to formerly homeless veterans. working in collaboration with the department of veterans affairs, the boston housing authority, and community partners, brighton marine, inc. provides coordinated and wraparound supportive services designed to stabilize at-risk veterans and improve their quality of life.
Contact & location
- Address
- 77 Warren St Exec Office Fl 7, Brighton, MA, 02135
- City
- Brighton
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $141.8M (FY2013) to $165.2M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $7.6MNet assets $51.2M
Operating margin
-3.1%
Spent more than it raised in the latest fiscal year.
Total assets
$58.9M
Total liabilities
$7.6M
Net assets
$51.2M
Salaries & benefits
$3.0M
2% of expenses
Board members
8
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $165,220,119▲1.4% | $170,320,891▲5.6% | $51,244,452▲4.1% | $58,875,710▲3.5% | 990 |
| 2022 | $162,881,618▼1.2% | $161,232,271▼2.2% | $49,207,958▲12.2% | $56,885,437▲10.2% | 990 |
| 2021 | $164,899,913▼0.4% | $164,906,445▲1.5% | $43,863,412▼10.7% | $51,635,310▼9.4% | 990 |
| 2020 | $165,629,292▲4.7% | $162,546,739▲3.6% | $49,134,092▲11.5% | $56,983,993▲8.0% | 990 |
| 2019 | $158,176,594▲6.4% | $156,918,138▲7.2% | $44,086,122▲20.1% | $52,771,738▲32.4% | 990 |
| 2017 | $148,635,217▲2.9% | $146,331,831▲2.2% | $36,721,337▲14.1% | $39,863,180▲20.6% | 990 |
| 2016 | $144,424,710▼0.6% | $143,141,534 | $32,175,725▲11.2% | $33,050,842▲12.6% | 990 |
| 2015 | $145,362,709▲1.7% | $143,111,409▲1.6% | $28,934,735▲12.0% | $29,362,914▲11.0% | 990 |
| 2014 | $142,978,810▲0.9% | $140,839,242▲0.6% | $25,823,570▲9.0% | $26,456,797▲8.9% | 990 |
| 2013 | $141,752,866 | $139,945,881▼0.6% | $23,699,131▲11.2% | $24,288,374▲11.7% | 990 |
| 2012 | — | $140,758,765▼1.8% | $21,306,665▲12.2% | $21,738,033▲12.4% | 990 |
| 2011 | — | $143,278,491▼1.4% | $18,996,496▲14.4% | $19,344,283▲13.5% | 990 |
| 2010 | — | $145,255,161▲8.8% | $16,601,982▲69.7% | $17,048,000▲67.5% | 990 |
| 2009 | — | $133,525,639 | $9,784,024 | $10,177,260 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Kristina Kaufman — $236,650 (0.14% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kristina Kaufman | Ceo | 40 | $236,650 |
| Elimercy Martinez | Vp of Finance | 40 | $167,880 |
| Keisha Stephenson Taylor | Corporate Director | 1 | $10,600 |
| Dennis Magnasco Jr | Secretary | 1 | — |
| George Cole | Corporate Director | 1 | — |
| Jackie Garrick | Corporate Director | 1 | — |
| Lyndsey Davis Stover | Corporate Director | 1 | — |
| Robert C Ballard | Treasurer | 40 | — |
| Rosye Cloud | Chairperson | 40 | — |
| Susan Norwood | Corporate Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Contracting Specialists Inc | Building Repair | $601,949 |
| Mintz Levin Cohn Ferris | Legal | $366,722 |
| Unisource Commerical Landscape | Landscape Services | $255,125 |
| Unisource Management Corporation | Janitorial Services | $245,175 |
| Soldier On | Veteran Services | $150,000 |
Grants received · $446K total
4 grants to Brighton Marine Inc totaling $446K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Boston College Trustees | General support | 2019 | $100,000 |
| President and Fellows of Harvard College | Community gift and charitable contributions | 2019 | $6,000 |
| Thdf II Inc | To assist local charities | 2018 | $250,000 |
| Boston College Trustees | General support | 2015 | $90,000 |
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Frequently asked questions
- Is Brighton Marine Inc a legitimate nonprofit?
- Yes. Brighton Marine Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2742727, based in Brighton, Massachusetts. Donations are tax-deductible.
- What is Brighton Marine Inc's EIN?
- Brighton Marine Inc's Employer Identification Number (EIN) is 04-2742727.
- How much revenue does Brighton Marine Inc report?
- Brighton Marine Inc reported $165,220,119 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Brighton Marine Inc's spending goes to programs?
- Brighton Marine Inc spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Brighton Marine Inc have?
- CharityIndex grades Brighton Marine Inc A, based on program efficiency and fundraising cost.
- How much does Brighton Marine Inc's highest-paid employee make?
- The highest reported compensation on Brighton Marine Inc's latest Form 990 is $236,650, paid to Kristina Kaufman (Ceo).
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Data for Brighton Marine Inc (EIN 04-2742727) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.