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Charles E Cotting Charitable Corp

Boston, MA · EIN 04-2767464 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Charles E Cotting Charitable Corp reported $11.1 million in revenue and $8.8 million in expenses for calendar year 2024. Of every $100 it spent, $87.20 went to program services, $12.80 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 100.0% of the total. The highest compensation it reported for one person was $257,440 (TRUSTEE AND DIRECTOR). 3 people received more than $100,000 in reportable compensation. Revenue rose 16% between 2020 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $8.8M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $11M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
87.2%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
12.8%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
0.0%69.9%
Highest reported compensation
Part VII-A, columns D–F
$257,440$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.92%1.28%
People paid over $100,000
Part VII, line 2
38
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
153.113.3
Independent voting board members
Part VI 1a–1b
0 of 4100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$7.7M expenses · 100.0% of program spending · grants $7.7M

Distributions to harvard college graduate school of business administration as required by corporate mission

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
TRUSTEE AND DIRECTOR
Director/trustee, 8.00 hrs/week
$257,440$0$0$257,440
TRUSTEE AND DIRECTOR
Director/trustee, 8.00 hrs/week
$257,439$0$0$257,439
TRUSTEE AND DIRECTOR
Director/trustee, 8.00 hrs/week
$257,439$0$0$257,439

3 people received more than $100,000 in reportable compensation from Charles E Cotting Charitable Corp (Part VII, line 2).

5 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$11M$8.8M87.2%$113M$257,440
2023 ⓘ$7.0M$8.5M90.4%$111M$240,762
2022 ⓘ$7.0M$8.5M89.7%$112M$244,418
2021 ⓘ$14M$8.1M87.8%$114M$281,811
2020 ⓘ$9.5M$7.4M89.6%$107M$229,684

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b4 · 0 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aNo
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50

Correct a figure or respond

Every number above is copied from Charles E Cotting Charitable Corp's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Charles E Cotting Charitable Corp, you can publish a response that is linked from this page.

Questions people ask

How much of Charles E Cotting Charitable Corp's spending goes to programs?

In calendar year 2024, Charles E Cotting Charitable Corp reported that 87.2% of its $8.8 million in expenses went to program services, 12.8% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Charles E Cotting Charitable Corp pay its top executive?

The largest total compensation Charles E Cotting Charitable Corp reported for one person in calendar year 2024 was $257,440, for the role of TRUSTEE AND DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Charles E Cotting Charitable Corp get its money?

Of $11.1 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Charles E Cotting Charitable Corp a registered charity?

The IRS lists EIN 04-2767464 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202503219349323955 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202433209349302933 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343199349318759 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202233199349312863 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202113149349303751 · read the filing

All filings for EIN 04-2767464: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.