Third Sector New England Inc
- Assets
- $110.0m
- Revenue
- $70.6m
- Investments
- $0.0
- Employees
- 532
- Location
- Boston, MA
- Founding
- 11/1960
- Data as of
- 06/2020
- EIN
- 04-2261109
Organization Overview
Third Sector New England Inc, operating under the name Tsne Missionworks, is located in Boston, MA. The organization was established in 1960. According to its NTEE Classification (H03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Medical Research and related organizations. As of 06/2021, Tsne Missionworks employed 532 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tsne Missionworks is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Tsne Missionworks generated $70.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $63.2m during the year ending 06/2020. While expenses have increased by 6.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tsne Missionworks has awarded 496 individual grants totaling $40,611,493. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THIRD SECTOR NEW ENGLAND PROVIDES INFORMATION AND SERVICES TO BUILD THE KNOWLEDGE, POWER AND EFFECTIVENESS OF NONPROFIT ORGANIZATIONS THAT ENGAGE PEOPLE IN COMMUNITY AND PUBLIC LIFE. WE ACT ALSO TO PROMOTE WIDER RECOGNITION OF COMMUNITY BASED ORGANIZATIONS AS THE PRIMARY STEWARDS OF OUR CORE SOCIETAL VALUES. THE ULTIMATE INTENTION OF OUR WORK IS TO CREATE A MORE JUST AND DEMOCRATIC SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH AN ARRAY OF CAPACITY BUILDING SERVICES AND MANAGEMENT SUPPORT PROGRAMS, THIRD SECTOR NEW ENGLAND BUILDS THE LEADERSHIP AND EFFECTIVENESS OF INDIVIDUALS AND GROUPS TO CREATE A MORE JUST AND DEMOCRATIC SOCIETY.THIRD SECTOR NEW ENGLAND'S FISCAL SPONSORSHIP PROGRAM PROVIDES MANAGEMENT SUPPORT TO MISSION-DRIVEN GROUPS THAT FOCUS THEIR WORK ON ISSUES AFFECTING THE ROOT CAUSES OF SOCIAL PROBLEMS. WE SUPPORT ALL PROJECTS WITH A BROAD ARRAY OF ADMINISTRATIVE SERVICES. TSNE MANAGES NONPROFIT PROJECTS' FINANCES, GOVERNANCE, HUMAN RESOURCES, INSURANCE NEEDS, AND OTHER INCREASINGLY COMPLEX COMPLIANCE ISSUES ASSOCIATED WITH RUNNING A STAND ALONE NONPROFIT. THROUGH THESE SUPPORT SERVICES FOR A VARIETY OF INDIVIDUAL PROJECTS, WE SEEK TO PROVIDE WIDER ACCESS TO RESOURCES AND SERVICES FOR PEOPLE SYSTEMATICALLY DENIED FAIR ACCESS. PROJECT-BASED WORK ADDRESSES ISSUES SUCH AS CIVIL AND OTHER BASIC HUMAN RIGHTS, ENVIRONMENTAL SUSTAINABILITY, FOOD SECURITY, AND ACCESS TO HEALTH CARE, HOUSING, AND EDUCATION.
TSNE'S CONSULTING SERVICES ASSIST NON-PROFITS IN BUILDING ORGANIZATIONAL CAPACITY USING A WHOLE SYSTEMS APPROACH. A BROAD RANGE OF SERVICES ARE OFFERED THAT INCLUDE ORGANIZATIONAL ASSESSMENT, BOARD DEVELOPMENT, EXECUTIVE TRANSITIONS MANAGEMENT, SUCCESSION PLANNING, PROGRAM EVALUATION, AND STRATEGIC PLANNING. OUR CONSULTANTS ALSO ENGAGE IN FIELD BUILDING PROJECTS WHICH AFFECT COALITIONS OR HAVE BROAD COMMUNITY IMPACT.
THE NONPROFIT CENTER IS BOSTON'S HOME FOR PROGRESSIVE SOCIAL CHANGE NONPROFITS AND A RESOURCE FOR THE LARGER NONPROFIT COMMUNITY. WITH 110,000 SQUARE FEET OF OFFICE SPACE AND MEETING SPACE, THE CENTER IS A HUB FOR NONPROFITS IN THE BOSTON AREA. DEVELOPED USING SUSTAINABLE DESIGN, THE CENTER'S MISSION IS TO FOSTER COLLABORATION AND ENHANCE ORGANIZATIONAL STABILITY. THE CENTER'S TENANTS ARE MISSION-FOCUSED NONPROFITS COMMITTED TO MAKING A POSITIVE IMPACT IN THE COMMUNITIES THEY OPERATE AND ON THE CONSTITUENTS THEY SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine L Ng CEO | Officer | 37.5 | $291,512 |
Susan G Hibbard Project Director | 37.5 | $187,211 | |
Kathryn A Roy General Counsel | 37.5 | $182,080 | |
Shannon Rudisill Project Director | 37.5 | $177,462 | |
Jane Ellen Stevens Project Director | 37.5 | $175,778 | |
Sherri Stewart Project Director | 33.75 | $165,422 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jeffrey Capizzano Advocacy, Research & Communication | 6/29/21 | $460,755 |
Arabella Advisors Llc Project Development And Implementation | 6/29/21 | $438,129 |
Harriet Dichter Consulting On Quality Improvement | 6/29/21 | $408,625 |
Cbiz Mhm Llc Auditing | 6/29/21 | $167,114 |
Gail P Nourse Project Development And Implementation | 6/29/21 | $160,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,915,611 |
| Investment income | $744,288 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,374,210 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,623,869 |
| Net Income from Fundraising Events | $6,588 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,555,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $974,386 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,088,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,681,497 |
| Pension plan accruals and contributions | $896,866 |
| Other employee benefits | $3,552,407 |
| Payroll taxes | $2,047,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $249,111 |
| Fees for services: Accounting | $274,924 |
| Fees for services: Lobbying | $43,651 |
| Fees for services: Fundraising | $224,231 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,718,680 |
| Advertising and promotion | $103,779 |
| Office expenses | $717,119 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,156,863 |
| Travel | $1,344,236 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,830,780 |
| Interest | $481,717 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,040,008 |
| Insurance | $268,473 |
| All other expenses | $0 |
| Total functional expenses | $63,173,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,915,822 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,088,938 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $865,947 |
| Investments—publicly traded securities | $21,980,158 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,337,339 |
| Total assets | $110,017,543 |
| Accounts payable and accrued expenses | $6,106,556 |
| Grants payable | $0 |
| Deferred revenue | $4,131,748 |
| Tax-exempt bond liabilities | $12,100,217 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,222,336 |
| Total liabilities | $23,560,857 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $86,456,686 |
Grants Awarded
Over the last fiscal year, Third Sector New England Inc has awarded $8,192,631 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
Sacramento, CA PURPOSE: TRANSFORMING EARLY EDUCATOR LEAD TEAC | $1,558,716 |
Denver, CO PURPOSE: TRANSFORMING EARLY EDUCATOR LEAD TEAC | $1,245,133 |
UNIVERSITY OF MARYLAND BALTIMORE SPONSORED PROJECTS ACCOUNTING AND COMPLI PURPOSE: PROVIDE CORE SERVICES 1ST PAYMENT YEAR 2 | $490,414 |
ARIZONA STATE UNIVERSITY OFFICE OF RESEARCH & SPONSORED PROJECTS PURPOSE: PROVIDE CORE SERVICES 1 PAYMENT YEAR 2 | $489,370 |
Atlanta, GA PURPOSE: TRANSFORMING EARLY EDUCATOR LEAD TEACHER PREPARATI | $436,364 |
Ann Arbor, MI PURPOSE: PROVIDE CORE SERVICES PAYMENT 1 YEAR 2 | $428,260 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Third Sector New England Inc has recieved totaling $81,500.
| Awarding Organization | Amount |
|---|---|
James C Melvin Trust U/Will Nect % J B Ames F Burr & A Fuller Ttee Boston, MA PURPOSE: SCHOLARSHIP/AID | $60,000 |
A C Ratshesky Foundation Needham, MA PURPOSE: PROGRAM SUPPORT | $20,000 |
Alvan G And Carol J Lampke Family Foundation Eastham, MA PURPOSE: IN SUPPORT OF FUTURE CHEFS | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Third Sector New England Inc Boston, MA | $110,017,543 | $70,555,519 |
American Academy Of Pain Medicine Ultrasonography Inc North Reading, MA | $0 | $1,061,921 |
Metabolomics Society Inc Newburyport, MA | $371,960 | $71,194 |
Medtech Association Inc Syracuse, NY | $251,316 | $356,371 |
Rio Bio Providence, RI | $97,456 | $212,321 |
Korean Medical Pracitioner Assoc Of Greater New York Inc Flushing, NY | $30,010 | $0 |
Institute For Challenging Disorganization Larchmont, NY | $445,753 | $242,661 |
National Glaucoma Society Andover, MA | $18,592 | $0 |
American Physician Scientists Association Inc Westford, MA | $226,129 | $0 |
Dmm Global Foundation Cambridge, MA | $0 | $3,725 |
Institute For Podiatric Excellance And Development Inc Andover, MA | $1,356 | $0 |
International Society For Transgenic Technologies Inc Buffalo, NY | $125,239 | $0 |