Rize Massachusetts Foundation Inc
- Assets
- $6.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 83-0989395
Organization Overview
Rize Massachusetts Foundation Inc is located in Boston, MA. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rize Massachusetts 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 12/2023, Rize Massachusetts Foundation Inc generated $1.5m 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 (33.6%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Rize Massachusetts Foundation Inc has awarded 160 individual grants totaling $9,756,827. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND SOLUTIONS TO END THE OVERDOSE CRISIS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSION PROGRAM - THIS PROGRAM IS ALL ENCOMPASSING DELIVERING COMPREHENSIVE, COMPASSIONATE, AND SUSTAINABLE APPROACHES TO PREVENTION, HARM REDUCTION, TREATMENT, AND RECOVERY; DELIVERING DATA, COMMISSIONED RESEARCH, AND EVALUATION TO EXPAND THE EVIDENCE BASE AND INFORM POLICY; AND DELIVERING EFFORTS TO REDUCE THE IMPACT OF OPIOID USE DISORDER (OUD) ON THE ECONOMY, FAMILIES, AND COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Burns President & CEO | OfficerTrustee | 40 | $352,839 |
Steve Pollock Chair | OfficerTrustee | 1 | $0 |
Joy Rosen Treasurer & Clerk (until 12/2023) | OfficerTrustee | 1 | $0 |
Steven Lipiner Treasurer (from 12/2023) | OfficerTrustee | 1 | $0 |
Jack Connors Director | Trustee | 1 | $0 |
Tim Foley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $381,705 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $967,692 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,349,397 |
| Total Program Service Revenue | $0 |
| Investment income | $144,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$37,873 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,456,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,967,462 |
| 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. | $406,943 |
| Compensation of current officers, directors, key employees. | $80,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $608,515 |
| Pension plan accruals and contributions | $15,588 |
| Other employee benefits | $82,791 |
| Payroll taxes | $54,700 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,750 |
| Fees for services: Lobbying | $44,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $566,806 |
| Advertising and promotion | $0 |
| Office expenses | $43,630 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,635 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,862 |
| All other expenses | $31,500 |
| Total functional expenses | $3,921,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,815 |
| Savings and temporary cash investments | $5,463,354 |
| Pledges and grants receivable | $1,102,584 |
| 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 | $30,000 |
| 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 | $6,653,753 |
| Accounts payable and accrued expenses | $328,833 |
| 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 | $328,833 |
| Net assets without donor restrictions | $5,150,820 |
| Net assets with donor restrictions | $1,174,100 |
| 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 | $6,653,753 |
Grants Awarded
Over the last fiscal year, Rize Massachusetts Foundation Inc has awarded $1,967,462 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS HOPE PURPOSE: GENERAL OPERATING GRANT | $15,000 |
BAYSTATE MEDICAL CENTER INC PURPOSE: ACCESS & EQUITY GRANT | $99,987 |
BOSTON MEDICAL CENTER PURPOSE: BOSTON ADDICTION CONFERENCE / FRONT LINE FUNDS | $29,550 |
BRANDEIS UNIVERSITY PURPOSE: NETWORK BUILDING GRANT; RESEARCH GRANT | $169,500 |
BRIDGEWATER STATE UNIVERSITY PURPOSE: HART SCHOLARS PROGRAM | $51,370 |
CASA ESPERANZA PURPOSE: ACCESS & EQUITY GRANT | $99,044 |