Mark Wahlberg Youth Foundation Inc
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Needham, MA
- Founding
- 11/2001
- Data as of
- 12/2021
- EIN
- 04-3567369
Organization Overview
Mark Wahlberg Youth Foundation Inc is located in Needham, MA. The organization was established in 2001. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Mark Wahlberg Youth Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mark Wahlberg Youth Foundation 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, Mark Wahlberg Youth Foundation Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $756.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mark Wahlberg Youth Foundation Inc has awarded 300 individual grants totaling $9,094,375. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE TO YOUTH WHO ARE POOR OR UNDERPRIVELEGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH SUPPORT AND SUMMER CAMP PROGRAMS: SINCE 2004, THE MWYF PROVIDES GRANTS TO ORGANIZATIONS WHO RUN CAMPS SUCH AS "CAMP NORTHBOUND", A ONE-WEEK RECREATIONAL SUMMER CAMP IN BRIDGESTONE, ME. THE CAMP SERVES 150 YOUTH EACH YEAR FROM BOSTON, AND ALSO ENGAGES ALUMNI CAMPERS, HIRING THEM AS JUNIOR COUNSELORS FOR THE WEEK. THE MWYF ALSO PROVIDES GRANTS TO MOVING MOUNTAINS, AN ORGANIZATION THAT USES ART EDUCATION TO EMPOWER YOUNG PEOPLE TO MAKE WISE CHOICES AND OVERCOME ADVERSITY. THE MWYF ALSO HOSTS AN ANNUAL HOLIDAY PARTY AND GIFT GIVEAWAY FOR MORE THAN 250 UNDERSERVED YOUTH.
HEALTH/MEDICAL/SUBSTANCE ABUSE/ADVOCACY: THE MWYF SUPPORTS FAMILIES, WOMEN, CHILDREN, AND TEENS BATTLING LIFE THREATENING DISEASES AND MEDICAL ISSUES INCLUDING CANCER, HOMICIDE, SUBSTANCE ABUSE, AND MORE. THE MWYF SUPPORTS THE GAVIN FOUNDATION IN BOSTON, MASS. WHICH PROVIDES SUPPORT FOR THOSE STRUGGLING WITH SUBSTANCE USE DISORDER AND THEIR FAMILIES, ALONG WITH EDUCATIONAL PROGRAMMING AND YOUTH SUBSTANCE USE PREVENTION INITIATIVES. IN ADDITION, THE MWYF SUPPORTS THE LOUIS D. BROWN PEACE INSTITUTE, AN ORGANIZATION THAT SERVES AS A CENTER OF HEALING, TEACHING, AND LEARNING FOR FAMILIES AND COMMUNITIES IMPACTED BY MURDER, TRAUMA, GRIEF AND LOSS.
SCHOOL SUPPORT AND AFTER-SCHOOL PROGRAMS-THE MWYF IS COMMITTED TO GIVING YOUNG PEOPLE EQUAL ACCESS TO EDUCATION, INCLUDING BUT NOT LIMITED TO, GRANTS WHICH SUPPORT SCHOOL ARTS PROGRAMS, COMPUTER LABS AND EDUCATIONAL SCHOLARSHIPS. THE MWYF SUPPORTS MANY PROGRAMS INCLUDING THE BOSTON ARTS ACADEMY, NATIONAL DANCE INSTITUTE, CRE OUTREACH AND THE LENOX HILL NEIGHBORHOOD HOUSE.
SCHOOL SUPPORT AND AFTER-SCHOOL PROGRAMS-THE MWYF IS COMMITTED TO GIVING YOUNG PEOPLE EQUAL ACCESS TO EDUCATION, INCLUDING BUT NOT LIMITED TO, GRANTS WHICH SUPPORT SCHOOL ARTS PROGRAMS, COMPUTER LABS AND EDUCATIONAL SCHOLARSHIPS. THE MWYF SUPPORTS MANY PROGRAMS INCLUDING THE BOSTON ARTS ACADEMY, NATIONAL DANCE INSTITUTE, CRE OUTREACH AND THE LENOX HILL NEIGHBORHOOD HOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Wahlberg Executive Director/director | OfficerTrustee | 40 | $75,000 |
Mark Wahlberg Pres, Treas, Secr, Dir | OfficerTrustee | 2 | $0 |
Stephen Levinson Director | Trustee | 5 | $0 |
Sheila Jaffe Director | Trustee | 5 | $0 |
Rose Cortina Director | Trustee | 5 | $0 |
Mike Rotondi Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,113,649 |
| Noncash contributions included in lines 1a–1f | $63,259 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,113,649 |
| Total Program Service Revenue | $0 |
| Investment income | $614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,114,263 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $587,724 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,729 |
| Compensation of current officers, directors, key employees. | $21,932 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,000 |
| Information technology | $2,427 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $643 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,986 |
| All other expenses | $704 |
| Total functional expenses | $756,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $864,742 |
| Savings and temporary cash investments | $345,238 |
| Pledges and grants receivable | $131,221 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,341,201 |
| Accounts payable and accrued expenses | $24,760 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Total liabilities | $24,760 |
| Net assets without donor restrictions | $1,020,441 |
| Net assets with donor restrictions | $296,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,341,201 |
Grants Awarded
Over the last fiscal year, Mark Wahlberg Youth Foundation Inc has awarded $481,600 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Foxborough, MA PURPOSE: OFFERING EDUCATIONAL PROGRAMS AND LIFE GUIDANCE TO THE YOUTH OF BROCKTON, MA. | $150,000 |
Dorchester, MA PURPOSE: SEND MEMBERS OF THE DORCHESTER BOYS & GIRLS CLUB TO SUMMER CAMP. | $89,100 |
Old Hickory, TN PURPOSE: PROVIDING CLOTHING TO CHILDREN AGES 4-18. | $25,000 |
Bronx, NY PURPOSE: TO EMPOWER STUDENTS TO REACH THEIR LEADERSHIP POTENTIAL THROUGH A 6 MONTH ADVENTURE ED. PROGRAM. | $25,000 |
New York, NY PURPOSE: PROVIDING EARLY CHILDHOOD EDUCATION AND SOCIAL SERVICES TO LOW INCOME FAMILIES IN NY | $25,000 |
New York, NY PURPOSE: PROVIDES AFTER SCHOOL AND SUMMER PROGRAMS THAT COMMIT TO UNDERSERVED CHILDREN IN NYC. | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mark Wahlberg Youth Foundation Inc has recieved totaling $13,222.
| Awarding Organization | Amount |
|---|---|
The Toy Foundation Inc New York, NY PURPOSE: PLAY YOUR PART | $13,222 |
Endowment Analysis
| Beg. Balance | $820,000 |
| Grants | $610,000 |
| Ending Balance | $210,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Covenant House New York, NY | $156,506,513 | $87,221,273 |
Astor Services For Children & Families Rhinebeck, NY | $27,182,642 | $67,060,321 |
The Home For Little Wanderers Inc Boston, MA | $134,209,377 | $50,883,486 |
The Door - A Center Of Alternatives Inc New York, NY | $65,166,795 | $30,494,046 |
Parsons Child & Family Center Albany, NY | $44,937,796 | $54,919,831 |
Key Program Incorporated Framingham, MA | $22,606,194 | $38,919,739 |
North American Family Institute Inc Contoocook, NH | $21,539,897 | $39,217,895 |
Childrens Services Of Roxbury Inc Roxbury, MA | $20,233,511 | $37,938,957 |
Under 21 New York, NY | $10,929,107 | $32,304,678 |
House Of The Good Shepherd Utica, NY | $27,220,710 | $29,552,251 |
New Directions Youth And Family Services Inc Lockport, NY | $27,985,764 | $28,647,664 |
Criterion Child Enrichment Inc Milford, MA | $27,429,599 | $22,969,211 |