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Filing year 2023

NEW BALANCE FOUNDATION

Boston, Massachusetts·EIN 04-6470644·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$28.5M
Total assets
$196.4M
Total expenses
$12.5M
Reported officers
5

Reported officers (all unpaid)

No paid executives reported in 2023. NEW BALANCE FOUNDATION reported 5 unpaid officers and board members on its 990-PF.

Trustee
Trustee
Trustee
Trustee
Trustee

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$11.8M

Itemized grants

88

Median grant

$50k

RecipientLocationPurposeAmount
BOSTON CHILDRENS HOSPITALBOSTON, MAGENERAL SUPPORT$1.8M
BOYS AND GIRLS CLUB OF DORCHESTERBOSTON, MAGENERAL SUPPORT$1.5M
AMERICAN RED CROSSFAIRFAX, VAGENERAL SUPPORT$525k
BOSTON SCORESJAMAICA PLAIN, MAGENERAL SUPPORT$500k
HARLEM LACROSSENEW YORK, NYGENERAL SUPPORT$500k
WORLD CENTRAL KITCHENWASHINGTON, DCGENERAL SUPPORT$500k
LAWRENCE BOYS AND GIRLS CLUBLAWRENCE, MAGENERAL SUPPORT$350k
WEST END BOYS AND GIRLS CLUBALLSTON, MAGENERAL SUPPORT$350k
REDINGTON FAIRVIEW HOSPITALSKOWHEGAN, MEGENERAL SUPPORT$307k
ESPERANZA ACADEMYLAWRENCE, MAGENERAL SUPPORT$300k
TWO TEN FOOTWEAR FOUNDATIONWALTHAM, MAGENERAL SUPPORT$276k
MAINE 4-H FOUNATIONORONO, MEGENERAL SUPPORT$200k
PLAYWORKS NEW ENGLAND (BOSTON)BOSTON, MAGENERAL SUPPORT$200k
SUMMER SEARCH BOSTONBOSTON, MAGENERAL SUPPORT$200k
BEYOND SPORTS FOUNDATIONNEW YORK, NYGENERAL SUPPORT$185k
EAST BOSTON NEIGHBORHOOD HEALTH CENTERE BOSTON, MAGENERAL SUPPORT$175k
TENACITY INCBOSTON, MAGENERAL SUPPORT$175k
MAINEHEALTHPORTLAND, MEGENERAL SUPPORT$174k
100 MILE CLUBNORCO, CAGENERAL SUPPORT$150k
AMERICAN SCORESNEW YORK, NYGENERAL SUPPORT$150k
HEADSTRONG FOUNDATIONWOODLYN, PAGENERAL SUPPORT$150k
MAINE COMMUNITY FOUNDATIONELLSWORTH, MEGENERAL SUPPORT$150k
GROUNDWORKD LAWRENCELAWRENCE, MAGENERAL SUPPORT$140k
MERRIMACK VALLEY YMCA INCLAWRENCE, MAGENERAL SUPPORT$125k
SQUASHBUSTERSBOSTON, MAGENERAL SUPPORT$125k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

NEW BALANCE FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$38.5M
$10.6M
2022
$28.5M
$12.5M
2023
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Massachusetts

NEW BALANCE FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Massachusetts earns a median of $17,596.

25th percentile
$5k
Median
$17,596
75th percentile
$66k
90th percentile
$171k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 925 organizations across 925 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Massachusetts
FAQ

Common questions about NEW BALANCE FOUNDATION

What are NEW BALANCE FOUNDATION's revenue and expenses?

In 2023, NEW BALANCE FOUNDATION reported $28.5M in total revenue and $12.5M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.