Memorial Foundation For The Blind Inc
- Assets
- $6.1m
- Revenue
- $495.2k
- Investments
- $5.8m
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 06/1951
- Data as of
- 03/2024
- EIN
- 04-1611615
Organization Overview
Memorial Foundation For The Blind Inc is located in Worcester, MA. The organization was established in 1951. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Foundation For The Blind Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2024, Memorial Foundation For The Blind Inc generated $495.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $345.8k during the year ending 03/2024. While expenses have increased by 2.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Memorial Foundation For The Blind Inc has awarded 65 individual grants totaling $4,378,848. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Gettens Director | 0.1 | $0 | |
Alison Bell Director | 0.1 | $0 | |
Kristen Peterson Director | 0.1 | $0 | |
Ashley K Kriner Treasurer | 0.1 | $0 | |
Elizabeth Myska Director | 0.1 | $0 | |
Demetra Edwards Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,798 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $397,380 |
| Capital Gain Net Income | $397,380 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $495,178 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,740 |
| Total operating and administrative expenses | $53,875 |
| Contributions, gifts, grants paid | $291,973 |
| Total expenses and disbursements | $345,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,109 |
| Savings and temporary cash investments | $315,635 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,043 |
| Total assets | $6,092,511 |
| Accounts payable and accrued expenses | $14,303 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,303 |
Grants Awarded
Over the last fiscal year, Memorial Foundation For The Blind Inc has awarded $542,483 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AUDIO JOURNAL PURPOSE: GENERAL SUPPORT | $130,000 |
MAB COMMUNITY SERVICES PURPOSE: GENERAL SUPPORT | $110,000 |
PERKINS SCHOOL FOR THE BLIND PURPOSE: GENERAL SUPPORT | $2,500 |
VARIOUS PURPOSE: SCHOLARSHIPS AND EQUIPMENT ASSISTANCE | $49,473 |
AUDIO JOURNAL PURPOSE: GENERAL SUPPORT | $110,000 |
MAB COMMUNITY SERVICES PURPOSE: GENERAL SUPPORT | $120,000 |