Pan-Massachusetts Challenge Inc

Organization Overview

Pan-Massachusetts Challenge Inc is located in Needham, MA. The organization was established in 1982. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. As of 12/2021, Pan-Massachusetts Challenge Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pan-Massachusetts Challenge Inc 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 12/2021, Pan-Massachusetts Challenge Inc generated $66.0m 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 $68.8m during the year ending 12/2021. While expenses have increased by 6.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE FUNDS TO BE CONTRIBUTED TO THE DANA-FARBER CANCER INSTITUTE FOR ITS USE IN CONNECTION WITH THE RESEARCH, TREATMENT, CURE OF AND EDUCATION ABOUT CANCER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ANNUAL BIKE-A-THON - APPROXIMATELY 5,800 CYCLISTS RIDE AND RAISE MONEY FOR CANCER RESEARCH AND TREATMENT, FOR THE JIMMY FUND AT THE DANA-FARBER CANCER INSTITUTE IN BOSTON, MASSACHUSETTS. IT IS REPORTED THAT PAN-MASSACHUSETTS CHALLENGE'S CYCLING FUNDRAISER IS THE MOST SUCCESSFUL ATHLETIC FUNDRAISING EVENT, IN TERMS OF DOLLARS RAISED, IN THE COUNTRY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
John Capellupo
Av Production Svcs
$271,740
Mware
It Services
$157,150
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$62,948,457
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $2,048,392
Total Revenue from Contributions, Gifts, Grants & Similar$62,948,457
Total Program Service Revenue$0
Investment income $6,963
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $2,948,922
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $105,138
Miscellaneous Revenue$0
Total Revenue $66,009,480

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Pan-Massachusetts Challenge Inc has recieved totaling $17,296.

Awarding OrganizationAmount
Clements Foundation Inc

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$10,000
Wolf & Company Charitable Foundation Inc

Boston, MA

PURPOSE: EXEMPT PURPOSE

$3,506
$1,000
Sims-Maes Foundation Inc

Boston, MA

PURPOSE: GENERAL PURPOSES

$1,000
Olesky Family Foundation

Wilmington, DE

PURPOSE: CHARITABLE EVENT

$1,000
Albert H Stahmer Foundation Inc

Golden, CO

PURPOSE: GENERAL FUND

$500
View Grant Recipient Profile

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