Horace a Moses Foundation FY2020 filing

Boston, MAUnknown exempt organization EIN 04-2109862Revenue $34K in FY2020

On file with the IRS75 Arlington Street FL 3 · Boston, MA

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The Horace Moses Foundation's primary purpose is to support the Boston Foundation, Inc.

79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $978K a year · 3077% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Plus $3.3M in investments, Pt X · Ln 11–13
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$136K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$34K
Spent
$234K
To programs
79%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$34K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$34K
FY2021$30K
FY2022$36K
FY2023$30K
FY2024$29K
FY2024$0
Expenses
$234K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$234K
FY2021$186K
FY2022$189K
FY2023$54K
FY2024$4.4M
FY2024$0
Net assets
$3.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.3M
FY2021$4.3M
FY2022$3.9M
FY2023$4.1M
FY2024$0
FY2024$0

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $186K Management & general 21% · $49K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

28 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President & CEO
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A
CFO & Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Frmr. Asst. Secretary/Avp Communications
$0Pt VII · Sec A
Frmr Secretary/Communications
$0Pt VII · Sec A
Asst. Secretary (7/19-8/19)
$0Pt VII · Sec A
Asst. Secretary (8/19-6/20)
$0Pt VII · Sec A
See Horace a Moses Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports the Boston Foundation, Inc.

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Provided by the organization

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1 program · $186K · in their own filed words · FY2019
01

Grantmaking

The Horace Moses Foundation's primary purpose is to support the Boston Foundation, Inc. and organizations which are a priority for the Boston Foundation, Inc. The Boston Foundation, Inc., devotes its resources to building and sustaining a vital, prosperous city and region, where justice and opportunity are extended to everyone.

$186Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 11 grants · $4.8M · 2019–2023
Boston Foundation INCMA · FY2023$4,331,559
Caribbean Youth Club INCMA · FY2021$50,000
Building AudacityMA · FY2021$40,000
Resist INCMA · FY2021$8,000
Good Sports INCMA · FY2020$61,500
Health Care for All INCMA · FY2020$37,400
The Reebok FoundationMA · FY2019$90,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$34K
Ln 12
Investment incomeLn 3$34K
Money outPt IX
$234K
Ln 25
Programscol B$186K
Managementcol C$49K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$136K
Total assetsLn 16$3.5M
LiabilitiesLn 26$136K
PeoplePt VI, VII
28
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$34K
Gains on assetsLn 7$1K
Total revenueLn 12$34K
Assets in detailPt X, end of year
SavingsLn 2$136K
Cash and savings togetherLn 1–2$136K
InvestmentsLn 11–13$3.3M
Total assetsLn 16$3.5M
LiabilitiesLn 26$136K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$139K$136K
InvestmentsLn 11–13$3.5M$3.3M
Total assetsLn 16$3.7M$3.5M
LiabilitiesLn 26$88K$136K
Net assetsLn 32$3.6M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$186K$186K
Management feesLn 11a$42K$42K
Investment management feesLn 11f$6K$6K
Total functional expensesLn 25$234K$186K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $29K$4.4M−$4.4M$0 990 PDF
FY2023 $30K$54K−$24K$4.1M 990 PDF
FY2022 $36K$189K−$153K$3.9M 990 PDF
FY2021 $30K$186K−$156K$4.3M 990 PDF
FY2020 Viewing $34K$234K−$200K$3.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $33,782 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $36,633$33,782
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $36,633$33,782
I-13 Grants and similar amounts paidPrior year $88,200$185,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $47,523$48,703
I-18 Total expensesPrior year $135,723$234,203
I-19 Revenue less expensesPrior year −$99,090−$200,421
Part VI · Governance 20 of 20 board members independent, 2 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $33,782 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $32,681$32,681
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,101$1,101
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $33,782$33,782
Part IX · Statement of functional expenses $234,203 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $185,500$185,500
IX-11a Management feesManagement $42,216$42,216
IX-11f Investment management feesManagement $6,487$6,487
IX-25 Total functional expensesPrograms $185,500 · Management $48,703 · Fundraising $0$234,203
Part X · Balance sheet $3,469,340 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $138,629$135,510
X-11 Publicly traded securitiesStart of year $2,002,004$1,872,983
X-12 Other securitiesStart of year $1,517,277$1,460,847
X-16 Total assetsStart of year $3,657,910$3,469,340
X-18 Grants payableStart of year $88,200$135,500
X-26 Total liabilitiesStart of year $88,200$135,500
X-27 Net assets without donor restrictionsStart of year $50,429$11
X-28 Net assets with donor restrictionsStart of year $3,519,281$3,333,829
X-32 Total net assets or fund balancesStart of year $3,569,710$3,333,840
X-33 Total liabilities and net assetsStart of year $3,657,910$3,469,340
Part XI · Reconciliation of net assets $3,333,840 net assets at year end
XI-1 Total revenue$33,782
XI-2 Total expenses$234,203
XI-3 Revenue less expenses−$200,421
XI-4 Net assets at start of year$3,569,710
XI-5 Net unrealized gains (losses) on investments−$35,449
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,333,840

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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