Fund for Boston Neighborhoods Inc
Nonprofit profile at a glance
- EIN
- 046185609
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Boston, MA, USA
- Phone
- 6176353606
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $72,871
- Expenses
- $632,624
- Assets
- $1,021,080
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- ANABELA GOMES (VICE PRESIDENT)
- SEGUN IDOWU (PRESIDENT)
People named in this filing
- ALEXIS TKACHUK (SECRETARY)
- ANABELA GOMES (VICE PRESIDENT)
- JULIE BURNS (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The fund for boston neighborhoods, inc. (fbni) is committed to supporting civic life in the city of boston through public programming for the benefit and enjoyment of residents and visitors. Fbni works with the mayor's office of tourism, sports, and entertainment to foster the growth of the cultural community, promote public participation in the arts and public celebrations and advance cultural tourism in boston.
What it reported doing in 2024
(see on schedule o)
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 100
- Accountability: 70
- Sustainability: 27
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.1%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -768.1%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 1.61; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: -17% per year; rating input score 0; 20th percentile among comparable filings
- Revenue growth: -14.7% per year; rating input score 0; 25th percentile among comparable filings
- Asset growth: -0.5% per year; rating input score 0; 37th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.1% of spending went to programs
- Governance: 6 of 6 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $627K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Highest-paid contractors: 1 contractor listed · $140K reported
- Consistency: 17 of 17 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- High — Growth: Asset growth scored 0/100.