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Guaranty Fund Management Services Inc

  • Boston, MA
  • EIN: 04-2712442

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Summary charts: organization finances over time

Revenue
$7.62M (2023)

Expenses
$6.76M (2023)

Total Assets
$6.41M (2023)

Total Liabilities
$9.25M (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,619,305
Expenses
$6,760,174
Net Income
$859,131
Net Assets
-$2,841,506
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,611,619
99.9%
Investment Income $7,686
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,450,650
21.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,384,533
35.3%
Assets/Debt
Total Assets $6,405,507
Total Liabilities $9,247,013
Net Assets -$2,841,506
Compensation
Key Employees and Officers Compensation Related Other
Barbara Law (President & Ceo) $474,809 $0 $48,519
Jeffrey Scott (Vice President Claims) $247,394 $0 $21,760
Linda Angelone (Senior Vice President Hr And Compliance) $243,392 $0 $28,761
Dimitar Kotzev (Vice President It) $204,096 $0 $52,354
Ramzi Ballout (Senior Applications Architect) $154,633 $0 $7,534
Sergey Dmitriev (Lead Applications Developer) $148,632 $0 $7,484
Andrea Rossi (Vice President Operations) $146,557 $0 $42,099
Marjorie Corbet (Claims Manager) $137,663 $0 $20,612
Craig Cote (Senior Systems Administrator) $132,241 $0 $10,919
Keith Legget (Claims Manager) $123,894 $0 $35,360
Heather Holland (Treasurer And Vp Accounting And Finance) $122,591 $0 $42,577
Joseph Torti Iii (Director) $0 $0 $0
Theresa Lewis (Director) $0 $0 $0
Donald Baldini (Director) $0 $0 $0
Harris E Berenson (Director) $0 $0 $0
William Cahill (Director) $0 $0 $0
Earl Cottam (Director) $0 $0 $0
Lincoln Merrill Jr (Director) $0 $0 $0
L Noel Patterson Jr (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,776,547
Expenses
$4,636,330
Net Income
$2,140,217
Net Assets
-$3,700,637
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,793,263
> 100%
Investment Income -$13,766
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,950
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,333,038
28.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,319,630
50.0%
Assets/Debt
Total Assets $6,773,417
Total Liabilities $10,474,054
Net Assets -$3,700,637
Compensation
Key Employees and Officers Compensation Related Other
Barbara Law (President & Ceo) $453,251 $0 $44,917
Linda Angelone (Senior Vice President Hr And Compliance) $219,219 $0 $24,372
Jeffrey Scott (Vice President Claims) $206,858 $0 $10,455
Dimitar Kotzev (Vice President It) $187,359 $0 $50,318
Sergey Dmitriev (Lead Applications Developer) $146,385 $0 $7,020
Ramzi Ballout (Senior Applications Architect) $144,799 $0 $7,020
Andrea Rossi (Vice President Operations) $131,998 $0 $40,796
Marjorie Corbet (Claims Manager) $129,376 $0 $19,842
Craig Cote (Senior Systems Administrator) $125,930 $0 $9,812
Keith Legget (Claims Manager) $118,731 $0 $33,545
Heather Holland (Treasurer And Vp Accounting And Finance) $117,993 $0 $40,446
Joseph Torti Iii (Director) $0 $0 $0
Theresa Lewis (Director) $0 $0 $0
Donald Baldini (Director) $0 $0 $0
Earl Cottam (Director) $0 $0 $0
Larry Hinton (Director) $0 $0 $0
William Cahill (Director) $0 $0 $0
Joyce Hall Mellinger (Director) $0 $0 $0
Lincoln Merrill Jr (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 9, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,554,035
Expenses
$5,104,158
Net Income
$1,449,877
Net Assets
-$5,840,854
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,554,780
> 100%
Investment Income -$745
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,253,354
24.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,280,612
44.7%
Assets/Debt
Total Assets $2,796,356
Total Liabilities $8,637,210
Net Assets -$5,840,854
Compensation
Key Employees and Officers Compensation Related Other
Barbara Law (President & Ceo) $443,269 $0 $41,271
Linda Angelone (Vice President Hr And Compliance) $207,063 $0 $24,078
Dimitar Kotzev (Vice President It) $174,640 $0 $43,550
Sergey Dmitriev (Lead Applications Developer) $138,406 $0 $7,062
Ramzi Ballout (Senior Applications Architect) $128,798 $0 $22,869
Andrea Rossi (Vice President Operations) $126,502 $0 $37,243
Marjorie Corbet (Claims Manager) $126,146 $0 $18,370
Craig Cote (Senior Systems Administrator) $121,922 $0 $9,936
Keith Legget (Claims Manager) $116,994 $0 $30,246
Heather Holland (Treasurer And Vp Accounting And Finance) $115,813 $0 $37,265
Dawne Mills (Vice President Claims) $109,527 $0 $10,202
Jeffrey Scott (Vice President Claims) $59,689 $0 $3,071
William Cahill (Director) $0 $0 $0
Joseph Torti Iii (Director) $0 $0 $0
Donald Baldini (Director) $0 $0 $0
Earl Cottam (Director) $0 $0 $0
Larry Hinton (Director) $0 $0 $0
Theresa Lewis (Director) $0 $0 $0
Joyce Hall Mellinger (Director) $0 $0 $0
Lincoln Merrill Jr (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,419,080
Expenses
$8,225,638
Net Income
-$1,806,558
Net Assets
-$7,290,731
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,416,191
100.0%
Investment Income $2,849
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $40
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,194,588
14.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,200,706
26.8%
Assets/Debt
Total Assets $2,881,019
Total Liabilities $10,171,750
Net Assets -$7,290,731

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2019

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,449,094
Expenses
$6,725,605
Net Income
-$276,511
Net Assets
-$4,999,902
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,448,803
100.0%
Investment Income $291
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,209,793
18.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,491,067
37.0%
Assets/Debt
Total Assets $3,109,017
Total Liabilities $8,108,919
Net Assets -$4,999,902

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,193,345
Expenses
$6,848,003
Net Income
-$654,658
Net Assets
-$4,723,391
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,193,054
100.0%
Investment Income $291
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $794,761
11.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,769,182
40.4%
Assets/Debt
Total Assets $3,170,788
Total Liabilities $7,894,179
Net Assets -$4,723,391

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,324,382
Expenses
$5,524,502
Net Income
$799,880
Net Assets
-$4,068,733
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,323,570
100.0%
Investment Income $399
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $413
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $746,705
13.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,852,738
51.6%
Assets/Debt
Total Assets $3,021,000
Total Liabilities $7,089,733
Net Assets -$4,068,733

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,471,547
Expenses
$8,801,757
Net Income
-$2,330,210
Net Assets
-$4,868,613
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,469,055
100.0%
Investment Income $435
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,057
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $3,526,895
40.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,249,708
Total Liabilities $8,118,321
Net Assets -$4,868,613

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,056,428
Expenses
$4,072,741
Net Income
$1,983,687
Net Assets
-$2,538,403
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,055,889
100.0%
Investment Income $539
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,410,955
34.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,951,352
47.9%
Assets/Debt
Total Assets $2,953,993
Total Liabilities $5,492,396
Net Assets -$2,538,403

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,005,117
Expenses
$6,240,620
Net Income
-$235,503
Net Assets
-$4,522,090
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,004,394
100.0%
Investment Income $723
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,217,192
19.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,022,435
32.4%
Assets/Debt
Total Assets $2,954,515
Total Liabilities $7,476,605
Net Assets -$4,522,090

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,880,517
Expenses
$7,248,308
Net Income
-$1,367,791
Net Assets
-$4,286,587
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,876,492
99.9%
Investment Income $4,025
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,189,972
16.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,207,513
30.5%
Assets/Debt
Total Assets $3,153,957
Total Liabilities $7,440,544
Net Assets -$4,286,587

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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