Fidelity Non-Profit Management Foundation
- Assets
- $2.3b
- Revenue
- $137.9m
- Investments
- $135.9m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 22-3195349
Organization Overview
Fidelity Non-Profit Management Foundation is located in Boston, MA. The organization was established in 1994. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fidelity Non-Profit Management Foundation 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 12/2022, Fidelity Non-Profit Management Foundation generated $137.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $103.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Fidelity Non-Profit Management Foundation has awarded 241 individual grants totaling $378,352,772. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT MAKING TO SUPPORT ARTS AND CULTURE, EDUCATION, MEDICAL RESEARCH AND HEALTHCARE, WITH EMPHASIS ON ENCOURAGING THE HIGHEST STANDARDS OF NON-PROFIT MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Hockfield Director | Trustee | 5 | $25,000 |
Thomas R Powers Director & VP | OfficerTrustee | 5 | $25,000 |
Robert A Radloff Director & VP | OfficerTrustee | 5 | $25,000 |
Edward C Johnson IV Director & Chairman | OfficerTrustee | 5 | $0 |
Elizabeth B Johnson Director | Trustee | 5 | $0 |
Maura Marx President | Officer | 20 | $742,862 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mh Morton Consulting Llc Consulting Services | 12/30/22 | $130,000 |
Sullivan And Worcester Legal Services | 12/30/22 | $122,336 |
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 | $55,965,844 |
| Noncash contributions included in lines 1a–1f | $35,414,934 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,965,844 |
| Total Program Service Revenue | $0 |
| Investment income | $35,888,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,087,955 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,942,315 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,274,687 |
| 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. | $1,540,929 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,830,261 |
| Pension plan accruals and contributions | $275,834 |
| Other employee benefits | $336,846 |
| Payroll taxes | $194,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $149,286 |
| Fees for services: Accounting | $82,318 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $245,049 |
| Advertising and promotion | $0 |
| Office expenses | $45,151 |
| Information technology | $109,282 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $42,901 |
| 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 | $17,217 |
| All other expenses | $0 |
| Total functional expenses | $103,419,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,251,729 |
| Pledges and grants receivable | $0 |
| 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 | $1,185,748 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,106,511,877 |
| Investments—other securities | $135,913,535 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,272,862,889 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,272,862,889 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,272,862,889 |
Grants Awarded
Over the last fiscal year, Fidelity Non-Profit Management Foundation has awarded $98,274,687 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATION INC PURPOSE: DISCOVERY RESEARCH (SCIENCE) | $7,500,000 |
ARLINGTON STREET CHURCH PURPOSE: PROPERTY CARE; BUILDINGS; RENOVATION | $250,000 |
AMERICAN ANTIQUARIAN SOCIETY PURPOSE: ENDOWMENT | $2,500,000 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: PROGRAM DEVELOPMENT/EVALUATION | $750,000 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: DISCOVERY RESEARCH (SCIENCE) | $2,250,000 |
BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY PURPOSE: TECHNOLOGY & EQUIPMENT | $460,000 |