Community Foundation for Metrowest INC

Tax-deductible

Natick, MA501(c)(3)Since 1995Foundations & GrantmakersEIN 04-3266789

This page gets seen. Tell your story. Claim this org.

The Community Foundation for MetroWest, Inc. improves the quality of life in 30+ MetroWest communities by providing financial and educational resources to local nonprofit organizations, sharing essential data about our region to inform decision making, and partnering with donors to help guide and align their giving with the areas of greatest need in the community.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$652K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $1.6M a year · 21% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$652K
to officers and key staff · 10% of spending
Top officer’s pay higher than 54% of similar orgs
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $509K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.2M
+12% vs prior year
Spent
$6.6M
To programs
77%
Net assets
$36.4M
By yearFY2020–FY2025
Revenue
$10.2M
FY2025▲ +12%
Revenue by fiscal year
FY2020$6.7M
FY2021$9.3M
FY2022$4.6M
FY2023$4.7M
FY2024$9.2M
FY2025$10.2M
Expenses
$6.6M
FY2025▲ +17%
Expenses by fiscal year
FY2020$6.3M
FY2021$5.4M
FY2022$5.2M
FY2023$6.2M
FY2024$5.6M
FY2025$6.6M
Net assets
$36.4M
FY2025▲ +17%
Net assets by fiscal year
FY2020$26.6M
FY2021$30.0M
FY2022$25.0M
FY2023$26.7M
FY2024$31.2M
FY2025$36.4M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1995.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $5.1M Management & general 13% · $889K Fundraising 10% · $631K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

26 people listed on the 990; $652K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$246,035Pt VII · Sec A
Vice President
$151,272Pt VII · Sec A
Director of Finance
$142,775Pt VII · Sec A
Director of Programs
$112,087Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Jay Kim’s $246K as Executive Director is at the 54th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jay Kim$246,035—————
Jay Kim—$235,776$203,010$179,906$160,540$146,521
Judith Salerno———$152,275$155,270$146,937
Caroline Murphy$151,272—————
Mary Crowley$142,775—————
Mary Crowley—$131,212————
Caroline Murphy—$127,585————
Lee Gagen—$116,534————

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.

See Community Foundation for Metrowest INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Supports MetroWest communities by funding local nonprofits, sharing regional data, guiding donor giving, and running youth philanthropy and leadership programs.

Provided by the organization

This section is blank until Community Foundation for Metrowest INC claims this page.

Know this organization? Claim it to add your story

3 program services account for $5.1M of program spending, described in the organization's own filed words · FY2025.
01

Grantmaking programs. We provide support to our nonprofit partners in the region through multiple annual grant programs each year. These include areas of focus of Human Services, Hunger Relief, Arts & Culture, Youth Development, Environment, and Emergency Relief.

$5.1Mprogram expense
02

Youth in Philanthropy. Each year, we run 10-12 Youth in Philanthropy programs across MetroWest, that engages 200+ young people ages 12-18 in this experiential leadership program. Students learn about philanthropy and nonprofits, read real grant applications, conduct site visits, and support the Foundation in determining where to grant…

Pt IX · col B
03

Action Projects. We continue to focus on our deeper, more strategic community investments in the area of Equity in Education, Workforce Development, and our newest one launched in 2023 Housing and Homelessness Prevention.

Pt IX · col B

Run this program? Claim this org to tell your story

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
See all 4 funders →
Grants paid · 808 grants · $21.7M · 2020–2025
Framingham Adult Esl Program FundMA · FY2025$365,000
Literations CorpMA · FY2025$125,500
Resist INCMA · FY2025$100,000
Advocates INCMA · FY2025$64,727
Metro Southwest Workforce Board INCMA · FY2025$50,000
Bridge Project INCNY · FY2025$50,000
Saga InnovationsMA · FY2025$50,000
A Place to Turn INCMA · FY2025$42,500
Rashi School INCMA · FY2025$40,000
See all 808 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$10.2M
Ln 12
Gifts and grantsLn 1h$7.1M
Investment incomeLn 3$2.7M
Other incomeLn 4–11$427K
Money outPt IX
$6.6M
Ln 25
Programscol B$5.1M
Managementcol C$889K
Fundraisingcol D$631K
Owns and owesPt X
$36.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$38.4M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
26
listed · VII A
PaidVII A4
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.1M
Noncash giftsLn 1g$1.4M
Investment incomeLn 3$2.7M
Other incomeLn 4–11$427K
Gains on assetsLn 7$1.7M
Total revenueLn 12$10.2M
Assets in detailPt X, end of year
CashLn 1$936K
SavingsLn 2$95K
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$36.9M
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$386K
Total assetsLn 16$38.4M
LiabilitiesLn 26$2.0M
Net assetsLn 32$36.4M
OperationsPt I, VI
EmployeesI 514
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$1.4M$1.0M
InvestmentsLn 11–13$30.8M$36.9M
Land, buildings, equipmentLn 10c$10K$2K
Total assetsLn 16$32.9M$38.4M
LiabilitiesLn 26$1.7M$2.0M
Net assetsLn 32$31.2M$36.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.1M$4.1M
Pay of current officers, directors and key staffLn 5$253K$127K$76K$51K
Other salaries and wagesLn 7$961K$392K$260K$309K
Pension plan contributionsLn 8$25K$11K$7K$7K
Other employee benefitsLn 9$69K$29K$19K$20K
Payroll taxesLn 10$96K$41K$26K$28K
Accounting feesLn 11c$51K$51K
Investment management feesLn 11f$144K$144K
Other fees for servicesLn 11g$133K$12K$121K
Office expensesLn 13$103K$11K$84K$8K
Information technologyLn 14$106K$76K$30K
OccupancyLn 16$74K$31K$20K$22K
Depreciation, depletion and amortizationLn 22$7K$7K
Other expenses (24a–d)Ln 24$465K$325K$106K$35K
Total functional expensesLn 25$6.6M$5.1M$889K$631K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $10.2M$6.6M$3.6M$36.4M 990 PDF
FY2024 $9.2M$5.6M$3.5M$31.2M 990 PDF
FY2023 $4.7M$6.2M−$1.5M$26.7M 990 PDF
FY2022 $4.6M$5.2M−$596K$25.0M 990 PDF
FY2021 $9.3M$5.4M$3.9M$30.0M 990 PDF
FY2020 $6.7M$6.3M$460K$26.6M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $10,233,861 across 7 lines filed
VIII-1f All other contributions, gifts and grants$7,117,268
VIII-1g Noncash contributions (included above)$1,387,233
VIII-1h Total contributions, gifts and grants$7,117,268
VIII-3 Investment incomeExcluded from tax $1,006,336$1,006,336
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,683,101$1,683,101
VIII-8 Net income from fundraising eventsExcluded from tax $427,156$427,156
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,116,593$10,233,861
Part IX · Statement of functional expenses $6,601,655 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $4,114,304$4,114,304
IX-5 Pay of current officers, directors and key staffPrograms $126,708 · Management $76,025 · Fundraising $50,683$253,416
IX-7 Other salaries and wagesPrograms $392,366 · Management $260,036 · Fundraising $309,060$961,462
IX-8 Pension plan contributionsPrograms $10,581 · Management $6,851 · Fundraising $7,333$24,765
IX-9 Other employee benefitsPrograms $29,337 · Management $18,992 · Fundraising $20,333$68,662
IX-10 Payroll taxesPrograms $40,914 · Management $26,489 · Fundraising $28,355$95,758
IX-11c Accounting feesManagement $51,330$51,330
IX-11f Investment management feesManagement $143,667$143,667
IX-11g Other fees for servicesManagement $11,872 · Fundraising $120,711$132,583
IX-13 Office expensesPrograms $11,078 · Management $84,489 · Fundraising $7,704$103,271
IX-14 Information technologyManagement $76,059 · Fundraising $30,114$106,173
IX-16 OccupancyPrograms $31,412 · Management $20,419 · Fundraising $21,850$73,681
IX-22 Depreciation, depletion and amortizationManagement $7,225$7,225
IX-24 Other expenses (24a–d)Programs $324,549 · Management $105,879 · Fundraising $34,930$465,358
IX-25 Total functional expensesPrograms $5,081,249 · Management $889,333 · Fundraising $631,073$6,601,655
Part X · Balance sheet $38,440,110 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $512,982$936,143
X-2 Savings and temporary cash investmentsStart of year $904,270$94,962
X-3 Pledges and grants receivableStart of year $226,256$107,639
X-9 Prepaid expenses and deferred chargesStart of year $36,103$33,011
X-10c Land, buildings and equipment, netStart of year $9,551$2,326
X-11 Publicly traded securitiesStart of year $30,786,608$36,879,874
X-15 Other assetsStart of year $437,402$386,155
X-16 Total assetsStart of year $32,913,172$38,440,110
X-17 Accounts payable and accrued expensesStart of year $4,789$15,646
X-18 Grants payableStart of year $73,867$157,250
X-25 Other liabilitiesStart of year $1,650,030$1,864,376
X-26 Total liabilitiesStart of year $1,728,686$2,037,272
X-27 Net assets without donor restrictionsStart of year $26,086,811$30,278,035
X-28 Net assets with donor restrictionsStart of year $5,097,675$6,124,803
X-32 Total net assets or fund balancesStart of year $31,184,486$36,402,838
X-33 Total liabilities and net assetsStart of year $32,913,172$38,440,110
Part XI · Reconciliation of net assets $36,402,838 net assets at year end
XI-1 Total revenue$10,233,861
XI-2 Total expenses$6,601,655
XI-3 Revenue less expenses$3,632,206
XI-4 Net assets at start of year$31,184,486
XI-5 Net unrealized gains (losses) on investments$1,680,677
XI-9 Other changes in net assets−$94,531
XI-10 Net assets at end of year$36,402,838

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.