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RSM Boston Foundation INC

Tax-deductible

Boston, MA501(c)(3)Foundations & GrantmakersEIN 46-4101902Revenue $332K in FY2024

On file with the IRSrsmbostonfoundation.com80 City Sq, 02129-3742 · Boston, MATax-exempt since Aug 2015Publicly supported charity — 170(b)(1)(A)(vi)

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The RSM Boston Foundation ("Foundation") inspires employees of RSM US LLP to become involved in giving back to communities and causes that they care about; and, in so doing, to support one another and to build a stronger team. The Foundation is wholly independent of RSM US LLP and is run entirely by the volunteer efforts of Boston office employees and former employees still devoted to the mission who serve as directors, officers and members of committees that address the mission needs of the organization.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 300 volunteers.
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
4 of 5
filings with a surplus
Average surplus $38K a year · 11% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $22K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$332K
-7% vs prior year
Spent
$304K
To programs
96%
Net assets
$518K
By yearFY2020–FY2024
Revenue
$332K
FY2024▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$330K
FY2021$324K
FY2022$345K
FY2023$355K
FY2024$332K
Expenses
$304K
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$267K
FY2021$328K
FY2022$333K
FY2023$263K
FY2024$304K
Net assets
$518K
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$389K
FY2021$385K
FY2022$397K
FY2023$489K
FY2024$518K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2015.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $293K Management & general 3% · $10K Fundraising 0% · $928

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
Madison McCabe
Pres./Exec. Director
$0Pt VII · Sec A
Molly Griffiths
Clerk/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Maggie Berkeley
Director (thru December 2024)
$0Pt VII · Sec A
Neil Blicher
Director (thru January 2024)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See RSM Boston Foundation 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

Encourages employees to give back to communities and support each other.

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Provided by the organization

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1 program · $293K · in their own filed words · FY2024
01

RSM boston foundation, inc. Raises voluntary donations from RSM boston employees through payroll deductions. RSM boston employees volunteer on fundraising events to raise additional funds for the organization.

$293Kprogram 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$12K
Vanguard Charitable Endowment ProgramFY2024$10K
Total grants receivedfrom 2 funders$22K
Grants paid · 42 grants · $403K · 2020–2024
Courageous Sailing Center for Youth INCMA · FY2024$16,500
The Red Sox Foundation INCMA · FY2024$10,000
America Scores New England DBA Boston ScoresMA · FY2024$6,500
Jb's Keys to Dmd INCMA · FY2024$6,000
Northeast Arc INCMA · FY2024$5,500
Courageous Sailing Center for Youth INCMA · FY2023$15,000
The Red Sox Foundation INCMA · FY2023$10,000
Special Olympics Massachusetts INCMA · FY2023$9,500
Playworks Education EnergizedCA · FY2023$9,500
Read to a Child INCMA · FY2023$7,500
Cathleen Stone Island Outward Bound School INCMA · FY2023$7,250
Dana-Farber Cancer Institute INCMA · FY2023$6,700
Big Brothers Big Sisters of Eastern Massachusetts INCMA · FY2023$6,500
Harvard-Kent Leadership & Partnership INCMA · FY2023$5,625
Northeast Arc INCMA · FY2023$5,500
Children's Hospital CorporationMA · FY2022$12,000
Playworks Education EnergizedCA · FY2022$8,000
Friends of Memorial HallMA · FY2022$7,000
See all 42 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$332K
Ln 12
Gifts and grantsLn 1h$332K
Money outPt IX
$304K
Ln 25
Programscol B$293K
Managementcol C$10K
Fundraisingcol D$928
Owns and owesPt X
$518K
net assets · Ln 32
Cash and savingsLn 1–2$500K
Total assetsLn 16$523K
LiabilitiesLn 26$5K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$332K
Total revenueLn 12$332K
Assets in detailPt X, end of year
CashLn 1$500K
Cash and savings togetherLn 1–2$500K
Total assetsLn 16$523K
LiabilitiesLn 26$5K
Net assetsLn 32$518K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6300
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$471K$500K
Total assetsLn 16$498K$523K
LiabilitiesLn 26$9K$5K
Net assetsLn 32$489K$518K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$140K$140K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$928$928
Office expensesLn 13$4K$4K
Other expenses (24a–d)Ln 24$153K$153K
Total functional expensesLn 25$304K$293K$10K$928

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $332K$304K$28K$518K 990 PDF
FY2023 $355K$263K$92K$489K 990 PDF
FY2022 $345K$333K$12K$397K 990 PDF
FY2021 $324K$328K−$4K$385K 990 PDF
FY2020 $330K$267K$63K$389K 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 $331,873 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $354,971$331,873
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $354,971$331,873
I-13 Grants and similar amounts paidPrior year $206,975$139,678
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 $56,014$163,845
I-18 Total expensesPrior year $262,989$303,523
I-19 Revenue less expensesPrior year $91,982$28,350
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $331,873 across 3 lines filed
VIII-1f All other contributions, gifts and grants$331,873
VIII-1h Total contributions, gifts and grants$331,873
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$331,873
Part IX · Statement of functional expenses $303,523 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $139,678$139,678
IX-11c Accounting feesManagement $5,700$5,700
IX-12 Advertising and promotionFundraising $928$928
IX-13 Office expensesManagement $4,382$4,382
IX-24 Other expenses (24a–d)Programs $152,835$152,835
IX-25 Total functional expensesPrograms $292,513 · Management $10,082 · Fundraising $928$303,523
Part X · Balance sheet $522,839 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $470,707$500,167
X-3 Pledges and grants receivableStart of year $27,532$22,672
X-16 Total assetsStart of year $498,239$522,839
X-17 Accounts payable and accrued expensesStart of year $9,000$5,250
X-26 Total liabilitiesStart of year $9,000$5,250
X-27 Net assets without donor restrictionsStart of year $489,239$517,589
X-32 Total net assets or fund balancesStart of year $489,239$517,589
X-33 Total liabilities and net assetsStart of year $498,239$522,839
Part XI · Reconciliation of net assets $517,589 net assets at year end
XI-1 Total revenue$331,873
XI-2 Total expenses$303,523
XI-3 Revenue less expenses$28,350
XI-4 Net assets at start of year$489,239
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$517,589

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

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