Fidelity Non-Profit Management Foundation
- Assets
- $2.2b
- Revenue
- $256.9m
- Investments
- $135.9m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1994
- Data as of
- 12/2021
- 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 12/2021, Fidelity Non-Profit Management Foundation generated $256.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $77.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Fidelity Non-Profit Management Foundation has awarded 166 individual grants totaling $280,078,085. 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
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 |
|---|---|---|---|
Maura Marx President | Officer | 20 | $419,704 |
Candace Tebbenkamp Sr Program Officer, Medical Science & Health | 36 | $205,824 | |
Caroline Nolan Program Director | 32 | $197,028 | |
Daniel M Ardito Treasurer | Officer | 17 | $191,336 |
Kevin Da Silva Director, Medical Science & Health | 36 | $188,073 | |
Lydia Bergen Vp, Operations | 20 | $152,734 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sullivan & Worcester Legal | 12/30/19 | $171,223 |
Koya Leadership Executive Search, Strategic Advice | 12/30/19 | $124,917 |
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 | $85,781,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,781,731 |
| Total Program Service Revenue | $0 |
| Investment income | $150,613,354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,481,163 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,876,248 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,377,277 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,769,159 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $119,623 |
| Fees for services: Accounting | $66,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300,830 |
| Advertising and promotion | $0 |
| Office expenses | $3,343 |
| Information technology | $89,582 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,192 |
| 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 | $16,444 |
| All other expenses | $0 |
| Total functional expenses | $77,098,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,957,095 |
| 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 | $754,149 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,078,277,110 |
| Investments—other securities | $135,913,535 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,237,901,889 |
| 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 | $2,237,901,889 |
| 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 | $2,237,901,889 |
Grants Awarded
Over the last fiscal year, Fidelity Non-Profit Management Foundation has awarded $73,377,277 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: MEDICAL RESEARCH | $10,000,000 |
New York, NY PURPOSE: MEDICAL RESEARCH | $5,000,000 |
Cambridge, MA PURPOSE: MEDICAL RESEARCH | $4,150,000 |
Providence, RI PURPOSE: CONSTRUCTION | $4,000,000 |
Boothbay, ME PURPOSE: CONSTRUCTION | $4,000,000 |
New Haven, CT PURPOSE: MEDICAL RESEARCH | $3,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Food Bank For New York City New York, NY | $69,662,085 | $224,744,277 |
Fidelity Non-Profit Management Foundation Boston, MA | $2,237,901,889 | $256,876,248 |
The Bridgespan Group Inc Boston, MA | $174,186,501 | $94,948,133 |
Grhs Foundation Inc Rochester, NY | $150,651,211 | $43,275,253 |
Hispanic Federation Inc New York, NY | $50,299,555 | $50,097,384 |
Common Fund For Non-Profit Organizations Wilton, CT | $4,189,942,831 | $274,004,992 |
Affiliates Risk Management Services Inc New York, NY | $25,877,262 | $29,825,362 |
New Profit Inc Boston, MA | $113,525,114 | $77,118,974 |
Nonprofit Finance Fund New York, NY | $319,614,124 | $35,516,704 |
Npower Inc Brooklyn, NY | $16,868,984 | $22,673,461 |
Program Development Services Inc Brooklyn, NY | $16,969,361 | $21,610,144 |
Project Social Care Head Start Brooklyn, NY | $6,318,610 | $20,235,501 |