Massachusetts Charitable Mechanic Association
- Assets
- $4.2m
- Revenue
- $833.4k
- Investments
- $3.6m
- Employees
- 0
- Location
- Quincy, MA
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 04-2023566
Organization Overview
Massachusetts Charitable Mechanic Association is located in Quincy, MA. The organization was established in 1990. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Charitable Mechanic Association 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 12/2021, Massachusetts Charitable Mechanic Association generated $833.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $531.2k during the year ending 12/2021. While expenses have increased by 9.2% per year over the past 7 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, Massachusetts Charitable Mechanic Association has awarded 208 individual grants totaling $1,839,266. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
DIRECT CONTRIBUTIONS TO NONPROFIT ORGANIZATIONS WHO PROMOTE THE TRADES OR TRAIN TRADESMAN, INCLUDING THOSE WITH PHYSICAL AND DEVELOPMENTAL DISABILITIES FOR EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin F Joyce Secretary | 4 | $0 | |
Frederick Arrowsmith Trustee | 0 | $0 | |
Kurt E Hanson Treasurer | 1 | $0 | |
Russell Johnson Trustee | 0 | $0 | |
Thomas Crowdis III Trustee | 0 | $0 | |
Barry Williams Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $154,438 |
| Interest on Savings | $1 |
| Dividends & Interest | $80,364 |
| Net Rental Income | $8,046 |
| Net Gain on Sale of Assets | $572,174 |
| Capital Gain Net Income | $572,174 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $833,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $20,400 |
| Interest | $0 |
| Taxes | $7,982 |
| Depreciation | $10,805 |
| Occupancy | $19,426 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $7,452 |
| Other expenses | $112,274 |
| Total operating and administrative expenses | $261,024 |
| Contributions, gifts, grants paid | $270,193 |
| Total expenses and disbursements | $531,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,603 |
| Savings and temporary cash investments | $248,205 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $50,000 |
| 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 | $1,700 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $202,133 |
| Other assets | $0 |
| Total assets | $4,186,500 |
| Accounts payable and accrued expenses | $34,308 |
| Grants payable | $0 |
| Deferred revenue | $2,200 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $10,658 |
| Total liabilities | $47,166 |
Grants Awarded
Over the last fiscal year, Massachusetts Charitable Mechanic Association has awarded $270,193 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH BENNETT STREET SCHOOL PURPOSE: TRADE RELATED EQUIPMENT AND SUPPORT | $27,568 |
THE ELIOT SCHOOL PURPOSE: TRADE RELATED EQUIPMENT AND SUPPORT | $26,500 |
Boston, MA PURPOSE: TRADE RELATED EQUIPMENT AND SUPPORT | $25,000 |
SOUTH SHORE ARC PURPOSE: TRADE RELATED EQUIPMENT AND SUPPORT | $20,900 |
THE HOME FOR LITTLE WANDERERS PURPOSE: TRADE RELATED EQUIPMENT AND SUPPORT | $19,165 |
Hanover, MA PURPOSE: TRADE RELATED EQUIPMENT AND SUPPORT | $17,818 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philanthropy New York Inc New York, NY | $10,485,290 | $4,060,793 |
Grantmakers In The Arts Bronx, NY | $3,825,984 | $2,308,802 |
New England Health Care Emp Union & Ct Nursing Hm Traing & Upgd Fnd Hartford, CT | $1,960,905 | $2,104,080 |
Western New York Grantmakers Association Inc Syracuse, NY | $1,728,088 | $1,086,609 |
Trustee Of Brantwood Camp Peterborough, NH | $17,417,792 | $1,376,254 |
National Association Of Corporate Directors Boston, MA | $1,367,793 | $869,422 |
Massachusetts Charitable Mechanic Association Quincy, MA | $4,186,500 | $833,377 |
University Associates Philanthropic Foundation Inc New York, NY | $31,741 | $11,696 |
Long Island Networking Elite Inc Huntington, NY | $42,869 | $337,964 |
Association Of Fundraising Professionals New York, NY | $462,920 | $209,001 |
Saranac Lake Voluntary Health Association Inc Saranac Lake, NY | $2,884,234 | $339,547 |
Next Level Social Impact Partners Inc Sherborn, MA | $378,526 | $555,288 |