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Benchmark One Company Fund INC

Tax-deductible

Waltham, MA501(c)(3)Human ServicesEIN 26-0411928Revenue $517K in FY2024

On file with the IRS201 Jones Road 3rd Floor West, 02451-1600 · Waltham, MATax-exempt since Sep 2007Publicly supported charity — 170(b)(1)(A)(vi)

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To make grants for hardship relief to eligible employees of Benchmark assisted living, LLC who meet specific: employee requirements and low income requirements.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
1 of 5
filings with a surplus
Average deficit $64K a year · 15% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $12K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$116K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$517K
+14% vs prior year
Spent
$594K
To programs
95%
Net assets
$201K
By yearFY2020–FY2024
Revenue
$517K
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$236K
FY2021$383K
FY2022$494K
FY2023$452K
FY2024$517K
Expenses
$594K
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$292K
FY2021$415K
FY2022$455K
FY2023$649K
FY2024$594K
Net assets
$201K
FY2024▼ -28%
Tap a bar for its year
Net assets by fiscal year
FY2020$467K
FY2021$435K
FY2022$475K
FY2023$278K
FY2024$201K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2007.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $561K Management & general 5% · $29K Fundraising 1% · $4K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Thomas Grape
President
$0Pt VII · Sec A
Justin Grady
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ann Deminico
Director
$0Pt VII · Sec A
Kristine Martel
Vice President
$0Pt VII · Sec A
Jerry Liang
Treasurer
$0Pt VII · Sec A
Kathleen Sullivan
Assistant Clerk
$0Pt VII · Sec A
See Benchmark One Company Fund INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides financial aid to Benchmark Assisted Living employees facing hardship.

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Provided by the organization

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1 program · $561K · in their own filed words · FY2024
01

Made grants to current and former employees of benchmark senior living LLC who met specific low income and other requirements. The largest grant was $11,981 and the smallest grant was $200. A total of $533,851 in grants were paid to 384 (400 grants given, but some associates got more than one) members in 2023.

$561Kprogram expense

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 · FY2024
Fidelity Investments Charitable Gift FundFY2024$6K
The Zacchaeus FoundationFY2024$5K
Total grants receivedfrom 2 funders$12K
Grants paid · 4 grants · $1.4M · 2020–2023
Unitemized GrantFY2023$533,851
Unitemized GrantFY2022$340,186
Unitemized GrantFY2021$314,889
Unitemized GrantFY2020$203,432

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$517K
Ln 12
Gifts and grantsLn 1h$764K
Investment incomeLn 3$11K
Money outPt IX
$594K
Ln 25
Programscol B$561K
Managementcol C$29K
Fundraisingcol D$4K
Owns and owesPt X
$201K
net assets · Ln 32
Cash and savingsLn 1–2$252K
Total assetsLn 16$317K
LiabilitiesLn 26$116K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$764K
Fundraising eventsLn 1c$563K
Investment incomeLn 3$11K
Total revenueLn 12$517K
Assets in detailPt X, end of year
CashLn 1$252K
Cash and savings togetherLn 1–2$252K
Total assetsLn 16$317K
LiabilitiesLn 26$116K
Net assetsLn 32$201K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$121K$252K
Total assetsLn 16$297K$317K
LiabilitiesLn 26$19K$116K
Net assetsLn 32$278K$201K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$472K$472K
Other fees for servicesLn 11g$15K$15K
Advertising and promotionLn 12$3K$2K$2K
Office expensesLn 13$10K$10K
Information technologyLn 14$939$939
TravelLn 17$2K$2K
Other expenses (24a–d)Ln 24$91K$87K$2K$2K
Total functional expensesLn 25$594K$561K$29K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $517K$594K−$77K$201K 990 PDF
FY2023 $452K$649K−$197K$278K 990 PDF
FY2022 $494K$455K$39K$475K 990 PDF
FY2021 $383K$415K−$32K$435K 990 PDF
FY2020 $236K$292K−$56K$467K 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 $517,221 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $654,713$764,033
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$11,397
I-11 Other revenuePrior year −$202,389−$258,209
I-12 Total revenuePrior year $452,324$517,221
I-13 Grants and similar amounts paidPrior year $533,851$472,266
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $79,314$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $36,161$121,789
I-18 Total expensesPrior year $649,326$594,055
I-19 Revenue less expensesPrior year −$197,002−$76,834
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $517,221 across 6 lines filed
VIII-1c Fundraising events$562,758
VIII-1f All other contributions, gifts and grants$201,275
VIII-1h Total contributions, gifts and grants$764,033
VIII-3 Investment incomeExcluded from tax $11,397$11,397
VIII-8 Net income from fundraising eventsExcluded from tax −$258,209−$258,209
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$246,812$517,221
Part IX · Statement of functional expenses $594,055 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $472,266$472,266
IX-11g Other fees for servicesManagement $15,138$15,138
IX-12 Advertising and promotionPrograms $1,568 · Fundraising $1,568$3,136
IX-13 Office expensesManagement $10,243$10,243
IX-14 Information technologyPrograms $939$939
IX-17 TravelManagement $1,594$1,594
IX-24 Other expenses (24a–d)Programs $86,656 · Management $2,113 · Fundraising $1,970$90,739
IX-25 Total functional expensesPrograms $561,429 · Management $29,088 · Fundraising $3,538$594,055
Part X · Balance sheet $316,587 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $120,910$251,687
X-3 Pledges and grants receivableStart of year $59,918$64,900
X-16 Total assetsStart of year $296,714$316,587
X-17 Accounts payable and accrued expensesStart of year $19,184$115,891
X-26 Total liabilitiesStart of year $19,184$115,891
X-27 Net assets without donor restrictionsStart of year $277,530$200,696
X-32 Total net assets or fund balancesStart of year $277,530$200,696
X-33 Total liabilities and net assetsStart of year $296,714$316,587
Part XI · Reconciliation of net assets $200,696 net assets at year end
XI-1 Total revenue$517,221
XI-2 Total expenses$594,055
XI-3 Revenue less expenses−$76,834
XI-4 Net assets at start of year$277,530
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$200,696

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

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