NEW ENGLAND FOUNDATION FOR THE ARTS INCORPORATED Charity Report

Public IRS 990 nonprofit record

NEW ENGLAND FOUNDATION FOR THE ARTS INCORPORATED

EIN 04-2593591 · Arts, Culture & Humanities (A120)

What they do

NEFA INVESTS IN ARTISTS and COMMUNITIES and FOSTERS EQUITABLE ACCESS to THE ARTS, ENRICHING THE CULTURAL LANDSCAPE IN NEW ENGLAND and THE NATION.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $81.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

107.59%of revenue went to mission work81.0% of expenses · Program services

3.16%of revenue went to fundraising2.4% of expenses

$132.88spent for every $100 of revenueSpending was higher than revenue this year.

22.12%of revenue went to management and office costs16.6% of expenses

$2.92in assets for every $1 spent this yearSome assets cannot be spent right away.

94.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $3,406,872 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $238,513 for HAROLD STEWARD (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$10,361,415

Mission workProgram services$11,148,254107.59% of revenue81.0% of expenses

ManagementOffice and general costs$2,292,10722.12% of revenue16.6% of expenses

FundraisingAsking for donations$327,9263.16% of revenue2.4% of expenses

Total expenses$13,768,287132.88% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 81.0% mission · 16.6% management · 2.4% fundraisingTotal expenses: 132.88% of revenue

2023Expense mix: 79.7% mission · 16.6% management · 3.7% fundraisingTotal expenses: 61.91% of revenue

2022Expense mix: 79.0% mission · 18.0% management · 3.0% fundraisingTotal expenses: 173.66% of revenue

2021Expense mix: 82.9% mission · 14.2% management · 2.8% fundraisingTotal expenses: 57.62% of revenue

2020Expense mix: 82.5% mission · 14.6% management · 2.9% fundraisingTotal expenses: 131.01% of revenue

2019Expense mix: 80.9% mission · 15.6% management · 3.5% fundraisingTotal expenses: 78.61% of revenue

2018Expense mix: 83.8% mission · 13.4% management · 2.7% fundraisingTotal expenses: 95.15% of revenue

2017Expense mix: 81.9% mission · 14.8% management · 3.3% fundraisingTotal expenses: 105.05% of revenue

Money in and money out

Revenue$10,361,415

Expenses$13,768,287

Annual shortfall $3,406,872 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$11,148,254 · 81.0% of expenses

Management and office costs$2,292,107 · 16.6% of expenses

Fundraising$327,926 · 2.4% of expenses

See all reported dollar amounts

Revenue$10,361,415

Expenses$13,768,287

Assets$40,261,943

Income$10,361,415

Contributions$9,756,741

Mission work (program services)$11,148,254

Fundraising$327,926

Grants given$40,876,089

Average grant$21,514

Management and general$2,292,107

Executive compensation (total)$538,473

Stocks and bonds$24,611,565

Accounting fees$303,966

Investing fees$111,698

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

HAROLD STEWARDEXECUTIVE DIRECTOR · 40 hrs/week $238,513Base $219,898 · Other $18,615

JUG CHOKSHICHIEF OPERATING OFFICER (UNTIL 10/24) · 40 hrs/week $177,633Base $141,655 · Other $35,978

JANE PRESTONDEPUTY DIRECTOR, PROGRAMS · 40 hrs/week $171,123Base $151,465 · Other $19,658

ABIGAIL SOUTHWELLTECHNOLOGY & DATA DIRECTOR · 40 hrs/week $142,040Base $106,663 · Other $35,377

STEVEN FENTONCHIEF OPERATING OFFICER · 40 hrs/week $139,900Base $123,183 · Other $16,717

ADRIENNE PETRILLOSR. PROGRAM DIRECTOR · 40 hrs/week $133,234Base $113,587 · Other $19,647

JOSEPH SWEENEYFINANCE DIRECTOR · 40 hrs/week $132,058Base $115,923 · Other $16,135

DIANA SCHNEIDMANSR. PROGRAM DIRECTOR · 40 hrs/week $130,149Base $113,414 · Other $16,735

INDIRA GOODWINESR. PROGRAM DIRECTOR · 40 hrs/week $129,714Base $111,178 · Other $18,536

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

HAROLD STEWARDEXECUTIVE DIRECTOR

JUG CHOKSHICHIEF OPERATING OFFICER (UNTIL 10/24)

JANE PRESTONDEPUTY DIRECTOR, PROGRAMS

ABIGAIL SOUTHWELLTECHNOLOGY & DATA DIRECTOR

STEVEN FENTONCHIEF OPERATING OFFICER

ADRIENNE PETRILLOSR. PROGRAM DIRECTOR

JOSEPH SWEENEYFINANCE DIRECTOR

DIANA SCHNEIDMANSR. PROGRAM DIRECTOR

INDIRA GOODWINESR. PROGRAM DIRECTOR

ERINN R KINGDIRECTOR

SUSAN EVANS MCCLUREDIRECTOR

JOHN E HENRYDIRECTOR

IVAN ESPINOZA-MADRIGALSECRETARY

FRANK MITCHELLTREASURER

ELIZABETH SHAPIRODIRECTOR

DAWN GIBSON-BREHONDIRECTOR

CHRIS NEWELLDIRECTOR

CHIP NEWELLDIRECTOR

CARRIE ZASLOWCHAIR

ANGIE LANEDIRECTOR

AMY HAUSMANNDIRECTOR (AS OF 08/24)

ADELE SICILIADIRECTOR

About this charity

Recognized since: January 1976
Location: 321 HARRISON AVE STE 420, BOSTON, MA 02118-4678
County: Suffolk
In care of: STEVEN FENTON
Primary officer: STEVEN FENTON, CHIEF OPERATING OFFICER

How to reach them

WebsiteVisit the charity’s website Emailinfo@nefa.org Phone(617) 951-0010

Filing and classification

Latest tax year: 2024
Tax period began: June 1, 2024
Return type: 990
Tax preparer: CBIZ ADVISORS LLC
NTEE classification: Arts, Culture & Humanities (A120)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes