Fidelity Non-profit Management Foundation
100% goes to programs $0 to raise $100 Strong reserves
Fidelity Non-profit Management Foundation is a 501(c)(3) organization based in Boston, Massachusetts, registered in 1994, with $258,852,289 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
7 Water Street, Boston, MA, 02109 EIN 22-3195349 Since 1994
Revenue (FY2024)
$258.9M
▼ 7.4% vs prior year
Community median: $184K
Expenses (FY2024)
$141.7M
Net assets
$2.6B
Employees
0
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 rating100% 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 Fidelity Non-profit Management Foundation: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating217 mo reserves · +45% 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 Fidelity Non-profit Management Foundation: 217 mo reserves · +45% 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 Fidelity Non-profit Management Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Fidelity Non-profit Management Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See part iii line 1
Contact & location
- Address
- 7 Water Street, Boston, MA, 02109
- City
- Boston
- State
- Massachusetts
- Subcategory
- Nonprofit Management Support
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $383.6M (FY2019) to $258.9M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $2.6B
Operating margin
45.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.6B
Total liabilities
$0
Net assets
$2.6B
Salaries & benefits
$5.6M
4% of expenses
Board members
5
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $258,852,289▼7.4% | $141,749,569▲37.6% | $2,566,528,357▲4.8% | $2,566,528,357▲4.8% | 990 |
| 2023 | $279,618,620▲103% | $102,992,015▼0.4% | $2,449,324,409▲7.8% | $2,449,324,409▲7.8% | 990 |
| 2022 | $137,942,315▼46.3% | $103,419,151▲34.1% | $2,272,862,889▲1.6% | $2,272,862,889▲1.6% | 990 |
| 2021 | $256,876,248▲129% | $77,098,233▲2.8% | $2,237,901,889▲8.7% | $2,237,901,889▲8.7% | 990 |
| 2020 | $111,980,332▼70.8% | $74,993,413▼44.9% | $2,058,127,832▲1.8% | $2,058,127,832▲1.8% | 990 |
| 2019 | $383,592,162 | $136,206,522 | $2,021,140,913 | $2,021,140,913 | 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 (FY2024)
Highest-paid: Maura Marx — $558,414 (0.39% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Maura Marx | President | 21 | $558,414 |
| Lara Bethke | Program Director, Medical Science | 37 | $370,042 |
| Natacha Perrotta | Vp, Programs | 21 | $258,063 |
| Caroline Nolan | Program Director, Education | 32 | $257,845 |
| Lisa Bevilaqua | Program Director, Arts & Culture | 30 | $245,710 |
| Barbara Sullivan | Vp, Insights & Impact | 22 | $244,770 |
| Lydia Bergen | Vp, Operations | 21 | $231,609 |
| Daniel M Ardito | Treasurer | 16 | $184,924 |
| Kevin Saunders | Asst Secretary | 17 | $165,817 |
| John Palfrey | Director | 2.5 | $25,000 |
| Robert A Radloff | Director & Vp | 2.5 | $25,000 |
| Susan Hockfield | Director | 2.5 | $25,000 |
| Christopher J Mckown | Secretary | 2.5 | — |
| Edward C Johnson IV | Director & Chairman | 2.5 | — |
| Elizabeth L Johnson | Director | 2.5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sullivan and Worcester | Legal Services | $152,870 |
| Health Resources In Action | Consulting Services | $148,044 |
| Mh Morton Consulting LLC | Consulting Services | $130,000 |
| Euijin Chin | Consulting Services | $102,969 |
Grants made · $135.2M in FY2024
108 grants totaling $135.2M in FY2024 — showing the 15 largest. All grants made by Fidelity Non-profit Management Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Mass General Brigham Incorporated | New construction | $25,000,000 |
| Boston Symphony Orchestra Inc | Renovation | $5,000,000 |
| Museum of Modern Art | Endowment | $5,000,000 |
| Worcester Art Museum | Property care; buildings; renovation | $5,000,000 |
| Society For the Preservation of New England Antiquities Inc | Campaign/fundraising plan | $4,000,000 |
| Massachusetts Museum of Contemporary Art Foundation Inc | Renovation | $3,000,000 |
| Yale University | Endowment | $3,000,000 |
| New England Historic Genealogical Society Inc | Property care; buildings; renovation | $3,000,000 |
| Per Scholas Inc | Crm | $2,500,000 |
| North Bennet Street School | Property care; buildings; renovation | $2,500,000 |
| Sterling & Francine Clark Art Inst | Endowment | $2,500,000 |
| Henry E Huntington Library & Art Gallery | Property care; buildings; construction | $2,500,000 |
| Theodore Roosevelt Presidential Library Foundation | New construction | $2,500,000 |
| Institute of Contemporary Art | Endowment | $2,000,000 |
| New England Conservatory of Music | Property care; buildings; construction | $2,000,000 |
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Frequently asked questions
- Is Fidelity Non-profit Management Foundation a legitimate nonprofit?
- Yes. Fidelity Non-profit Management Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-3195349, based in Boston, Massachusetts. Donations are tax-deductible.
- What is Fidelity Non-profit Management Foundation's EIN?
- Fidelity Non-profit Management Foundation's Employer Identification Number (EIN) is 22-3195349.
- How much revenue does Fidelity Non-profit Management Foundation report?
- Fidelity Non-profit Management Foundation reported $258,852,289 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Fidelity Non-profit Management Foundation's spending goes to programs?
- Fidelity Non-profit Management Foundation spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Fidelity Non-profit Management Foundation have?
- CharityIndex grades Fidelity Non-profit Management Foundation A, based on program efficiency and fundraising cost.
- How much does Fidelity Non-profit Management Foundation's highest-paid employee make?
- The highest reported compensation on Fidelity Non-profit Management Foundation's latest Form 990 is $558,414, paid to Maura Marx (President).
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Data for Fidelity Non-profit Management Foundation (EIN 22-3195349) 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.