Benchmark One Company Fund Inc
- Assets
- $485.8k
- Revenue
- $383.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 26-0411928
Organization Overview
Benchmark One Company Fund Inc is located in Waltham, MA. The organization was established in 2007. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benchmark One Company Fund 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, Benchmark One Company Fund Inc generated $383.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $414.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE GRANTS FOR HARDSHIP RELIEF TO ELIGIBLE EMPLOYEES OF BENCHMARK ASSISTED LIVING, LLC WHO MEET SPECIFIC: EMPLOYEE REQUIREMENTS AND LOW INCOME REQUIREMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADE GRANTS TO CURRENT AND FORMER EMPLOYEES OF BENCHMARK ASSISTED LIVING, LLC WHO MET SPECIFIC LOW INCOME AND OTHER REQUIREMENTS. THE LARGEST GRANT WAS $8,728 AND THE SMALLEST GRANT WAS $135. A TOTAL OF $203,432 IN GRANTS WERE PAID TO 333 MEMBERS IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Liang Treasurer | OfficerTrustee | 1 | $0 |
Kristine Martel Vice President | Officer | 1 | $0 |
Thomas Grape President | Officer | 1 | $0 |
Brian Danaher Clerk | Officer | 1 | $0 |
Justin Grady Director | Trustee | 1 | $0 |
Kathleen Sullivan Assistant Clerk | Trustee | 1 | $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 | $163,037 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,037 |
| Total Program Service Revenue | $0 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $220,039 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $383,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $314,889 |
| 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 | $74,411 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $796 |
| Payroll taxes | $3,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $170 |
| Fees for services: Accounting | $8,782 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,250 |
| Office expenses | $2,320 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,240 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $414,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,829 |
| Savings and temporary cash investments | $109,528 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,428 |
| 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 | $485,785 |
| Accounts payable and accrued expenses | $50,487 |
| 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 | $50,487 |
| Net assets without donor restrictions | $435,298 |
| 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 | $485,785 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Benchmark One Company Fund Inc has recieved totaling $1,413.
| Awarding Organization | Amount |
|---|---|
Darrell Harvey Family Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $413 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Springfield Rescue Mission Inc Springfield, MA | $3,518,136 | $17,540,773 |
Good Plus Foundation Inc New York, NY | $6,013,741 | $13,844,054 |
Ocean State Job Lot Charitable Foundation North Kingstown, RI | $5,018,116 | $7,935,020 |
Greg Hill Foundation Woburn, MA | $6,630,527 | $13,875,487 |
Caties Closet Inc Dracut, MA | $4,577,081 | $8,342,538 |
My Brothers Keeper Inc South Easton, MA | $7,204,366 | $7,147,768 |
Afya Foundation Inc Yonkers, NY | $5,777,434 | $5,238,210 |
Friendly House Inc Worcester, MA | $3,296,125 | $6,043,839 |
Rhode Island Rescue Ministries Providence, RI | $741,664 | $4,494,936 |
National Basketball Players Assoc Foundation New York, NY | $40,266,235 | $3,599,833 |
Bridge Fund Of New York Inc New York, NY | $5,307,792 | $4,504,357 |
Blue Card Inc New York, NY | $3,666,772 | $3,534,542 |