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Seven Hills Foundation INC

Public charityFed auditsIRS 990990-T FY2023
Other · WORCESTER, MA · EIN 04-3293659

About

To provide management and oversight to the twenty-four affiliates under common control.

Donations are tax-deductible
Category
Other
Employees
3,705
Volunteers
500

Financial Snapshot

FY ending 2023-06-30
Revenue
$25.2M
Expenses
$21.3M
Assets
$216.0M
Liabilities
$131.9M

Financial history

$32.8M$16.4M$0
1617181920212223
RevenueExpenses
Latest FY2023: $25.2M · Peak FY2022: $32.8M · Avg: $20.2M

Foreign activity (Schedule F)

Total spent abroad$1.8M
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
CAYMAN ISLANDS
SEVEN HILLS FOUNDATION INC
Your actions

Address

81 Hope AVE
Worcester, MA, 01603-221

Governance

Voting board members16
Independent members15
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %75.4%
Permanent endowment %24.6%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
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