James B Boskey Memorial Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
James B Boskey Memorial Foundation Inc is a 501(c)(3) organization based in Somerville, Massachusetts, registered in 2002, with $1,031,385 in FY2024 revenue. CharityIndex grades it D.
Po Box 440430, Somerville, MA, 02144 EIN 22-3787050 Since 2002
Revenue (FY2024)
$1.0M
▲ 21.5% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$1.3M
Net assets
$19.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for James B Boskey Memorial Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating182 mo reserves · -25% 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 James B Boskey Memorial Foundation Inc: 182 mo reserves · -25% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for James B Boskey Memorial Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 James B Boskey Memorial Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 440430, Somerville, MA, 02144
- City
- Somerville
- State
- Massachusetts
- Subcategory
- Private Foundations
- Website
- …
Financial trends
Revenue declined from $8.8M (FY2017) to $1.0M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $19.6M
Operating margin
-25.3%
Spent more than it raised in the latest fiscal year.
Total assets
$19.6M
Total liabilities
$0
Net assets
$19.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,031,385▲21.5% | $1,291,905▲14.9% | $19,570,701▼1.3% | $19,570,701▼1.3% | 990PF |
| 2023 | $848,890▲28.6% | $1,124,796▼3.8% | $19,831,221▼1.4% | $19,831,221▼1.4% | 990PF |
| 2022 | $660,354▼55.8% | $1,169,220▲133% | $20,107,127▼2.5% | $20,107,127▼2.5% | 990PF |
| 2021 | $1,493,917▲781% | $502,461▲7.1% | $20,615,993▲134% | $20,615,993▲134% | 990PF |
| 2020 | $169,651▼0.4% | $469,099▼0.3% | $8,802,053▼3.3% | $8,802,053▼3.3% | 990PF |
| 2019 | $170,393▲7.9% | $470,569▲394% | $9,101,501▼3.2% | $9,101,501▼3.2% | 990PF |
| 2018 | $157,943▼98.2% | $95,353▲145% | $9,401,677▲0.7% | $9,401,677▲0.7% | 990PF |
| 2017 | $8,817,765 | $38,987 | $9,339,087 | $9,339,087 | 990PF |
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.
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Frequently asked questions
- Is James B Boskey Memorial Foundation Inc a legitimate nonprofit?
- Yes. James B Boskey Memorial Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-3787050, based in Somerville, Massachusetts. Donations are tax-deductible.
- What is James B Boskey Memorial Foundation Inc's EIN?
- James B Boskey Memorial Foundation Inc's Employer Identification Number (EIN) is 22-3787050.
- How much revenue does James B Boskey Memorial Foundation Inc report?
- James B Boskey Memorial Foundation Inc reported $1,031,385 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does James B Boskey Memorial Foundation Inc have?
- CharityIndex grades James B Boskey Memorial Foundation Inc D, based on financial health (reserves and operating margin).
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Data for James B Boskey Memorial Foundation Inc (EIN 22-3787050) 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.