Mgb Pooled Holdings LLC
100% goes to programs Strong reserves
Mgb Pooled Holdings LLC is a 501(c)(3) organization based in Somerville, Massachusetts, registered in 2017, with $892,056,130 in FY2023 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
399 Revolution Dr Ste 645, Somerville, MA, 02145 EIN 82-1715859 Since 2017
Revenue (FY2023)
$892.1M
▲ 227.0% vs prior year
Health median: $840K
Expenses (FY2023)
$224.1M
Net assets
$16.2B
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
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 Mgb Pooled Holdings LLC: 100% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating870 mo reserves · +75% 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 Mgb Pooled Holdings LLC: 870 mo reserves · +75% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Mgb Pooled Holdings LLC: 4 of 6 checks met earns a B 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 Mgb Pooled Holdings LLC: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Investing pooling entity
Contact & location
- Address
- 399 Revolution Dr Ste 645, Somerville, MA, 02145
- City
- Somerville
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $9.5B (FY2017) to $892.1M (FY2023) across 7 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $16.2B
Operating margin
74.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$16.2B
Total liabilities
$0
Net assets
$16.2B
Salaries & benefits
$0
0% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $892,056,130▲227% | $224,054,030▼55.9% | $16,237,955,473▲16.7% | $16,237,955,473▲16.7% | 990 |
| 2022 | $272,820,546▼45.3% | $508,485,929▼69.1% | $13,908,771,312▲5.7% | $13,908,771,312▲5.7% | 990 |
| 2021 | $499,107,384▼38.9% | $1,645,523,450 | $13,155,018,220▼23.3% | $13,155,018,220▼23.3% | 990 |
| 2020 | $817,459,178▼71.5% | $0 | $17,158,336,920▲22.9% | $17,158,336,920▲22.9% | 990 |
| 2019 | $2,865,212,883▲98.9% | $0 | $13,962,698,228▲30.7% | $13,962,698,228▲30.7% | 990 |
| 2018 | $1,440,703,778▼84.8% | $0 | $10,686,197,340▲13.5% | $10,686,197,340▲13.5% | 990 |
| 2017 | $9,476,124,609 | $0 | $9,412,249,609 | $9,412,249,609 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Debra Sloan | Secretary | 1 | — |
| Emma Somers-roy | President | 1 | — |
| John R Barker | Former O - Mgbph | 0 | — |
| Niyum Gandhi | Treasurer | 1 | — |
| Peter K Markell | Former O - Mgbph | 0 | — |
Grants made · $224.1M in FY2023
1 grant totaling $224.1M in FY2023. All grants made by Mgb Pooled Holdings LLC →
| Recipient | Purpose | Amount |
|---|---|---|
| Mass General Brigham Incorporated and Affiliates Group Rtn | Community benefit program | $224,054,030 |
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Frequently asked questions
- Is Mgb Pooled Holdings LLC a legitimate nonprofit?
- Yes. Mgb Pooled Holdings LLC is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-1715859, based in Somerville, Massachusetts. Donations are tax-deductible.
- What is Mgb Pooled Holdings LLC's EIN?
- Mgb Pooled Holdings LLC's Employer Identification Number (EIN) is 82-1715859.
- How much revenue does Mgb Pooled Holdings LLC report?
- Mgb Pooled Holdings LLC reported $892,056,130 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Mgb Pooled Holdings LLC's spending goes to programs?
- Mgb Pooled Holdings LLC spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mgb Pooled Holdings LLC have?
- CharityIndex grades Mgb Pooled Holdings LLC A, based on program efficiency and fundraising cost.
- How much does Mgb Pooled Holdings LLC's highest-paid employee make?
- The highest reported compensation on Mgb Pooled Holdings LLC's latest Form 990 is $0, paid to Debra Sloan (Secretary).
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Data for Mgb Pooled Holdings LLC (EIN 82-1715859) 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.