Nonprofit · EIN 04-3073023
CUMMINGS FOUNDATION INC
Tax-exempt · WOBURN, MA 01801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $395,460,398 | $229,740,809 | $165,719,589 | $2,242,808,626 | $33,844,767 | $2,208,963,859 |
| December 31, 2023 | 990-PF | $297,491,556 | $190,093,618 | $107,397,938 | $2,078,986,279 | $35,473,055 | $2,043,513,224 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,422,310
- Dividends
- $31,157,398
- Net rental income
- $83,119
- Net gain from sales of assets
- $109,226,622
- Other income
- $249,545,786
Expenses
- Grants and similar amounts paid
- $32,722,022
- Compensation of officers, directors and key employees
- $599,423
- Salaries, compensation and benefits (total)
- $81,346,001
- Disbursements for charitable purposes
- $144,874,541
- Excise tax on investment income
- $2,706,943
Balance sheet and other
- Total assets, start of year
- $2,078,986,279
- Total assets, end of year
- $2,242,808,626
- Total liabilities, end of year
- $33,844,767
- Net assets, end of year
- $2,208,963,859
- Fair market value of assets
- $3,348,844,584
- Qualifying distributions
- $145,534,757
- Net investment income
- $243,301,069
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANTHONY SPENCER 200 WEST CUMMINGS PARK, WOBURN, MA 01801 | CORE DIVISON OPS MGR Highest-paid employee | 50 | $375,938 | $16,351 |
| SCOTT CROWLEY 200 WEST CUMMINGS PARK, WOBURN, MA 01801 | DIVISION MANAGER Highest-paid employee | 50 | $239,474 | $36,684 |
| KARA MURPHY 200 WEST CUMMINGS PARK, WOBURN, MA 01801 | SR. ACCOUNT MANAGER Highest-paid employee | 50 | $193,829 | $21,599 |
| BRANDON ADAMS 200 WEST CUMMINGS PARK, WOBURN, MA 01801 | ASSOCIATE DIV MGR Highest-paid employee | 50 | $192,083 | $13,458 |
| JEFFREY PELLETIER 200 WEST CUMMINGS PARK, WOBURN, MA 01801 | SUBURBAN DIV OPS MGR Highest-paid employee | 50 | $189,972 | $16,097 |
| ANDREW BISHOP 200 West Cummings Park, Woburn, MA 01801 | Deputy Director | 50 | $185,984 | $15,984 |
| Marie Connolly 200 West Cummings Park, Woburn, MA 01801 | Exec Director, NHM | 50 | $179,234 | $21,421 |
| CHRISTINE COAKLEY 200 West Cummings Park, Woburn, MA 01801 | EXEC DIRECTOR, NHC | 50 | $151,148 | $15,652 |
| Joyce M Cummings 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE & TREASURER | 25 | $0 | $0 |
| Patricia A Cummings PSY D 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE & Vice President | 1 | $0 | $0 |
| William S Cummings 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE & PRESIDENT | 50 | $0 | $0 |
| Steven Disalvo 200 West Cummings Park, Woburn, MA 01801 | Trustee | 1 | $0 | $0 |
| Margot Botsford 4 Belmore Terrace, Jamaica Plain, MA 02130 | Trustee (THRU 9/24) | 1 | $0 | $0 |
| Marilyn Cummings Morris MD MPH 200 West Cummings Park, WOBURN, MA 01801 | Trustee | 1 | $0 | $0 |
| Arlan F Fuller MD 200 West Cummings Park, Woburn, MA 01801 | Trustee | 1 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Thomas Pappas 200 WEST CUMMINGS PARK, WOBURN, MA 01801 | TRUSTEE | 1 | $0 |
| David Harris PHD 200 West Cummings Park, Woburn, MA 01801 | Trustee | 1 | $0 |
| ERIC S ANDERSON 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE | 1 | $0 |
| DENNIS A CLARKE 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE | 1 | $0 |
| WILLIAM F GRANT 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE | 1 | $0 |
| AISHA FRANCIS PHD Benjamin Franklin Cummings Institut, BOSTON, MA 02116 | TRUSTEE | 1 | $0 |
| Robert Keefe Esq 200 West Cummings Park, Woburn, MA 01801 | Trustee | 1 | $0 |
| Jack Connors Jr Connors Family Off 79 Newbury ST, BOSTON, MA 02116 | Trustee (THRU 7/24) | 1 | $0 |
| Agnes Binagwaho M D PhD 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE | 1 | $0 |
| IOANNIS MIAOULIS PHD Roger Williams University, BRISTOL, RI 02809 | TRUSTEE | 1 | $0 |
| JOHN KEENAN J D SALEM STATE UNIVERSITY, SALEM, MA 01970 | TRUSTEE | 1 | $0 |
| MICHAEL KENNEALY 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE | 1 | $0 |
| JIM YONG KIM MD PHD 200 West Cummings Park, Woburn, MA 01801 | Trustee | 1 | $0 |
| SUNIL KUMAR PHD 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE | 1 | $0 |
| Carol Fulp 1 Huntington Avenue Suite 201, Boston, MA 02116 | TRUSTEE (AS OF 1/24) | 1 | $0 |
| Joyce Vyriotes 200 West Cummings Park, Woburn, MA 01801 | Exec Dir, Clerk & Trustee | 30 | $0 |
990-PF for the year ended December 31, 2023: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT CROWLEY 200 WEST CUMMINGS PARK, WOBURN, MA 01801 | DIVISION MANAGER Highest-paid employee | 50 | $228,428 | $33,072 |
| KARA MURPHY 200 WEST CUMMINGS PARK, WOBURN, MA 01801 | SR. ACCOUNT MANAGER Highest-paid employee | 50 | $200,255 | $18,746 |
| Marie Connoly 200 West Cummings Park, Woburn, MA 01801 | Exec Director, NHM | 50 | $196,047 | $18,585 |
| MICHAEL RAHN 200 WEST CUMMINGS PARK, WOBURN, MA 01801 | DIVISION MANAGER Highest-paid employee | 50 | $190,573 | $12,649 |
| MICHAEL DONAGHEY 200 WEST CUMMINGS PARK, WOBURN, MA 01801 | TEAM LEADER Highest-paid employee | 50 | $185,284 | $33,156 |
| CHRISTINE COAKLEY 200 West Cummings Park, Woburn, MA 01801 | EXEC DIRECTOR, NHC | 50 | $178,485 | $13,425 |
| BRANDON ADAMS 200 WEST CUMMINGS PARK, WOBURN, MA 01801 | ASSOC. DIVISION MGR Highest-paid employee | 50 | $168,386 | $8,045 |
| ANDREW BISHOP 200 West Cummings Park, Woburn, MA 01801 | Deputy Director (AS OF 9/23) | 50 | $159,350 | $8,456 |
| Laura Hiller 200 West Cummings Park, Woburn, MA 01801 | Dep Dir/Asst Clerk (THRU 7/23) | 50 | $112,917 | $2,438 |
| Joyce M Cummings 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE & TREASURER | 25 | $0 | $0 |
| Patricia A Cummings PSY D 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE & Vice President | 1 | $0 | $0 |
| William S Cummings 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE & PRESIDENT | 50 | $0 | $0 |
| Steven Disalvo 200 West Cummings Park, Woburn, MA 01801 | Trustee | 1 | $0 | $0 |
| Anthony Monaco MD PHD Tufts University, Medford, MA 02155 | Trustee (THRU 8/23) | 1 | $0 | $0 |
| HON Margot Botsford 200 WEST CUMMINGS PARK, WOBURN, MA 01801 | Trustee | 1 | $0 | $0 |
| Paul C Casey 200 West Cummings Park, Woburn, MA 01801 | Trustee (THRU 10/23) | 1 | $0 | $0 |
| Carol A Donovan 200 West Cummings Park, Woburn, MA 01801 | Trustee (THRU 10/23) | 1 | $0 | $0 |
| Marilyn Cummings Morris MD MPH 200 West Cummings Park, WOBURN, MA 01801 | Trustee | 1 | $0 | $0 |
| Richard C Ockerbloom 200 West Cummings Park, Woburn, MA 01801 | Trustee (THRU 3/23) | 1 | $0 | $0 |
| Arlan F Fuller MD 200 West Cummings Park, Woburn, MA 01801 | Trustee | 1 | $0 | $0 |
| Thomas Pappas 200 WEST CUMMINGS PARK, WOBURN, MA 01801 | TRUSTEE | 1 | $0 | $0 |
| David Harris PHD 200 West Cummings Park, Woburn, MA 01801 | Trustee | 1 | $0 | $0 |
| ERIC S ANDERSON 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE | 1 | $0 | $0 |
| DENNIS A CLARKE 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE | 1 | $0 | $0 |
| WILLIAM F GRANT 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE | 1 | $0 | $0 |
| AISHA FRANCIS PHD Benjamin Franklin Cummings Institut, BOSTON, MA 02116 | TRUSTEE | 1 | $0 | $0 |
| Robert Keefe Esq 200 West Cummings Park, Woburn, MA 01801 | Trustee | 1 | $0 | $0 |
| Jack Connors Jr Connors Family Office, BOSTON, MA 01801 | Trustee | 1 | $0 | $0 |
| Agnes Binagwaho M D PhD 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE | 1 | $0 | $0 |
| IOANNIS MIAOULIS PHD Roger Williams University, BRISTOL, RI 02809 | TRUSTEE | 1 | $0 | $0 |
| JOHN KEENAN J D SALEM STATE UNIVERSITY, SALEM, MA 01970 | TRUSTEE | 1 | $0 | $0 |
| MICHAEL KENNEALY 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE (AS OF 1/23) | 1 | $0 | $0 |
| JIM YONG KIM MD PHD 200 West Cummings Park, Woburn, MA 01801 | Trustee (AS OF 10/23) | 1 | $0 | $0 |
| SUNIL KUMAR PHD 200 West Cummings Park, Woburn, MA 01801 | TRUSTEE (AS OF 8/23) | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 W CUMMINGS PARK, WOBURN, MA 01801-6333
- In care of
- % JOSEPH MONTANO
- Signed the 990-PF
- WILLIAM S CUMMINGS, President
- Phone
- (781) 935-8000
- Website
- www.cummingsfoundation.org
- Return prepared by
- ERNST & YOUNG US LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 04-3073023
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $2,242,808,626
- Income (IRS master file)
- $485,006,818
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $395,460,398 | $229,740,809 | $2,242,808,626 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $297,491,556 | $190,093,618 | $2,078,986,279 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3073023).
Questions about CUMMINGS FOUNDATION INC
- What is the EIN of CUMMINGS FOUNDATION INC?
- The employer identification number (EIN) of CUMMINGS FOUNDATION INC is 04-3073023.
- Is CUMMINGS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to CUMMINGS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does CUMMINGS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CUMMINGS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CUMMINGS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of CUMMINGS FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 31 people; 8 received compensation from the organization, the highest $375,938 (ANTHONY SPENCER, CORE DIVISON OPS MGR).
- How much revenue does CUMMINGS FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $395,460,398, expenses of $229,740,809 and total assets of $2,242,808,626 at year end.
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