The B E L L Foundation INC

Tax-deductible

Needham, MA501(c)(3)Since 1992EIN 04-3182053Revenue $13.8M in FY2024

On file with the IRSbellxcel.org75 2nd Ave Ste 605, 02494-2863 · Needham, MATax-exempt since Mar 1994Publicly supported charity — 170(b)(1)(A)(vi)

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Bell exists to transform the academic achievements, self-confidence, and life trajectories of children living in under-resourced communities.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 25 volunteers and 170 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
3 of 5
filings with a surplus
Average surplus $95K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 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
Pay to officers and key staff
$2.6M
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.8M
+2% vs prior year
Spent
$23.8M
To programs
79%
Net assets
$16.5M
By yearFY2020–FY2024
Revenue
$13.8M
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$17.8M
FY2020$7.4M
FY2021$19.7M
FY2022$34.2M
FY2023$13.5M
FY2024$13.8M
Expenses
$23.8M
FY2024▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$14.8M
FY2020$9.7M
FY2021$13.5M
FY2022$21.4M
FY2023$25.1M
FY2024$23.8M
Net assets
$16.5M
FY2024▼ -38%
Tap a bar for its year
Net assets by fiscal year
FY2020$21.3M
FY2020$19.0M
FY2021$25.2M
FY2022$38.1M
FY2023$26.5M
FY2024$16.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1994.

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% · $18.9M Management & general 17% · $4.0M Fundraising 4% · $913K

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

17 people listed on the 990; $2.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$488,259Pt VII · Sec A
President & Chief Operating Officer
$425,618Pt VII · Sec A
VP, Partner Solutions
$361,124Pt VII · Sec A
Chief Strategy Officer
$350,185Pt VII · Sec A
Chief Product Officer
$330,562Pt VII · Sec A
Chief Technology Officer
$315,303Pt VII · Sec A
VP, Finance & Operations
$300,495Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2020
Lauren Gilbert$488,259$470,393$423,745$377,067$320,990$292,551
Antonio Battaglia$425,618$378,566$366,133$336,808$289,188$271,657
Jennifer Maloy$361,124———$176,462—
Barbara Adamus$350,185$323,295$299,294$277,083$246,842$238,331
Dave Scott$330,562—————
Kent Welch$315,303—————
Rita Rabinovich$300,495$270,027————
Marlene Harrington—$250,883$247,054$237,369$212,669$188,534

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves academic achievement, self-confidence, and life paths for children in under-resourced communities.

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Provided by the organization

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2 programs · $18.9M · in their own filed words · FY2024
01

The organization provides innovative solutions, services and resources to scale and create meaningful impact across a variety of settings and communities. The organization has a software-as-a-service model created through a proprietary platform, arly, that enables partners to scale and strengthen their youth development programming.

$17.3Mprogram expense
02

The organization provides consulting services to help schools and nonprofits accelerate and scale their impact. The organization's quality improvement solution is designed to help program providers identify where to invest effort to elevate quality and improve outcomes.

$1.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$13.8M
Ln 12
Fees for servicesLn 2g$8.1M
Gifts and grantsLn 1h$5.0M
Investment incomeLn 3$717K
Money outPt IX
$23.8M
Ln 25
Programscol B$18.9M
Managementcol C$4.0M
Fundraisingcol D$913K
Owns and owesPt X
$16.5M
net assets · Ln 32
Cash and savingsLn 1–2$13.6M
Total assetsLn 16$18.5M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
17
listed · VII A
PaidVII A7
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.0M
Fees for servicesLn 2g$8.1M
Investment incomeLn 3$717K
Other incomeLn 4–11$64K
Total revenueLn 12$13.8M
Assets in detailPt X, end of year
CashLn 1$4.7M
SavingsLn 2$8.9M
Cash and savings togetherLn 1–2$13.6M
Land, buildings, equipmentLn 10c$4.1M
Other assetsLn 15$168K
Total assetsLn 16$18.5M
LiabilitiesLn 26$2.0M
Net assetsLn 32$16.5M
OperationsPt I, VI
EmployeesI 5170
VolunteersI 625
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$23.9M$13.6M
Land, buildings, equipmentLn 10c$3.8M$4.1M
Total assetsLn 16$29.2M$18.5M
LiabilitiesLn 26$2.8M$2.0M
Net assetsLn 32$26.5M$16.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.1M$846K$194K$65K
Other salaries and wagesLn 7$10.5M$8.3M$1.5M$618K
Pension plan contributionsLn 8$346K$217K$109K$19K
Other employee benefitsLn 9$986K$620K$310K$56K
Payroll taxesLn 10$887K$611K$231K$44K
Legal feesLn 11b$120K$120K
Accounting feesLn 11c$70K$70K
Other fees for servicesLn 11g$2.9M$2.4M$444K$31K
Advertising and promotionLn 12$226K$226K
Office expensesLn 13$376K$132K$233K$11K
Information technologyLn 14$1.1M$818K$203K$38K
OccupancyLn 16$163K$163K
TravelLn 17$800K$642K$129K$29K
Depreciation, depletion and amortizationLn 22$1.5M$1.5M
InsuranceLn 23$67K$67K
Other expenses (24a–d)Ln 24$2.4M$2.4M$4K$270
All other expensesLn 24e$209K$38K$170K$2K
Total functional expensesLn 25$23.8M$18.9M$4.0M$913K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $13.8M$23.8M−$10.0M$16.5M 990 PDF
FY2023 $13.5M$25.1M−$11.6M$26.5M 990 PDF
FY2022 $34.2M$21.4M$12.8M$38.1M 990 PDF
FY2021 $19.7M$13.5M$6.2M$25.2M 990 PDF
FY2020 $17.8M$14.8M$3.0M$21.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $13,795,736 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,625,349$4,955,946
I-9 Program service revenuePrior year $5,296,463$8,058,737
I-10 Investment incomePrior year $587,546$717,428
I-11 Other revenuePrior year $19,050$63,625
I-12 Total revenuePrior year $13,528,408$13,795,736
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,968,979$13,809,142
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,174,908$9,952,805
I-18 Total expensesPrior year $25,143,887$23,761,947
I-19 Revenue less expensesPrior year −$11,615,479−$9,966,211
Part VI · Governance 10 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $13,795,736 across 5 lines filed
Lines not itemized here account for $63,625 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$4,955,946
VIII-1h Total contributions, gifts and grants$4,955,946
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,058,737$8,058,737
VIII-3 Investment incomeExcluded from tax $717,428$717,428
VIII-12 Total revenueRelated to mission $8,122,362 · Unrelated business $0 · Excluded from tax $717,428$13,795,736
Part IX · Statement of functional expenses $23,761,947 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $845,511 · Management $193,748 · Fundraising $64,573$1,103,832
IX-7 Other salaries and wagesPrograms $8,331,535 · Management $1,537,173 · Fundraising $618,180$10,486,888
IX-8 Pension plan contributionsPrograms $217,320 · Management $108,772 · Fundraising $19,469$345,561
IX-9 Other employee benefitsPrograms $620,094 · Management $310,365 · Fundraising $55,551$986,010
IX-10 Payroll taxesPrograms $611,236 · Management $231,176 · Fundraising $44,439$886,851
IX-11b Legal feesManagement $120,015$120,015
IX-11c Accounting feesManagement $69,787$69,787
IX-11g Other fees for servicesPrograms $2,431,834 · Management $443,894 · Fundraising $31,228$2,906,956
IX-12 Advertising and promotionPrograms $226,031$226,031
IX-13 Office expensesPrograms $132,161 · Management $232,510 · Fundraising $10,938$375,609
IX-14 Information technologyPrograms $818,193 · Management $203,469 · Fundraising $37,533$1,059,195
IX-16 OccupancyManagement $163,408$163,408
IX-17 TravelPrograms $641,616 · Management $128,625 · Fundraising $29,400$799,641
IX-22 Depreciation, depletion and amortizationPrograms $1,545,209$1,545,209
IX-23 InsuranceManagement $67,061$67,061
IX-24 Other expenses (24a–d)Programs $2,406,287 · Management $4,070 · Fundraising $270$2,410,627
IX-24e All other expensesPrograms $37,640 · Management $169,830 · Fundraising $1,796$209,266
IX-25 Total functional expensesPrograms $18,864,667 · Management $3,983,903 · Fundraising $913,377$23,761,947
Part X · Balance sheet $18,472,676 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $3,080,405$4,715,911
X-2 Savings and temporary cash investmentsStart of year $20,811,171$8,857,775
X-3 Pledges and grants receivableStart of year $46,260$2,301
X-4 Accounts receivableStart of year $850,989$126,659
X-9 Prepaid expenses and deferred chargesStart of year $370,258$329,113
X-10c Land, buildings and equipment, netStart of year $3,750,687$4,118,133
X-14 Intangible assetsStart of year $101,968$155,212
X-15 Other assetsStart of year $207,442$167,572
X-16 Total assetsStart of year $29,219,180$18,472,676
X-17 Accounts payable and accrued expensesStart of year $1,517,315$967,921
X-19 Deferred revenueStart of year $946,437$273,166
X-25 Other liabilitiesStart of year $299,708$742,080
X-26 Total liabilitiesStart of year $2,763,460$1,983,167
X-27 Net assets without donor restrictionsStart of year $25,273,115$15,666,904
X-28 Net assets with donor restrictionsStart of year $1,182,605$822,605
X-32 Total net assets or fund balancesStart of year $26,455,720$16,489,509
X-33 Total liabilities and net assetsStart of year $29,219,180$18,472,676
Part XI · Reconciliation of net assets $16,489,509 net assets at year end
XI-1 Total revenue$13,795,736
XI-2 Total expenses$23,761,947
XI-3 Revenue less expenses−$9,966,211
XI-4 Net assets at start of year$26,455,720
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,489,509

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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