Frederick E Weber Charities Corp
- Assets
- $6.6m
- Revenue
- $1.2m
- Investments
- $6.6m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1939
- Data as of
- 03/2022
- EIN
- 04-2133244
Organization Overview
Frederick E Weber Charities Corp is located in Boston, MA. The organization was established in 1939. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Frederick E Weber Charities Corp 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 03/2022, Frederick E Weber Charities Corp generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 57.8% each year . All expenses for the organization totaled $326.7k during the year ending 03/2022. While expenses have increased by 5.8% per year over the past 4 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 2018, Frederick E Weber Charities Corp has awarded 202 individual grants totaling $956,500. 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 |
|---|---|---|---|
Thanda Brassard President | 10 | $0 | |
Jay Scollins Treasurer | 5 | $0 | |
Amy Bernstein Trustee | 1 | $0 | |
Elizabeth Aguilo Clerk | 5 | $0 | |
Onnie Mayshak Trustee | 1 | $0 | |
Elizabeth Gerlach Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $213,828 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $961,279 |
| Capital Gain Net Income | $961,279 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,660 |
| Total Revenue | $1,202,769 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,907 |
| Depreciation | $0 |
| Occupancy | $9,096 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,712 |
| Total operating and administrative expenses | $62,215 |
| Contributions, gifts, grants paid | $264,500 |
| Total expenses and disbursements | $326,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,321 |
| Savings and temporary cash investments | $0 |
| 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 | $2,567 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,582,109 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,645,997 |
| Accounts payable and accrued expenses | $23,720 |
| 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 | $23,720 |
Grants Awarded
Over the last fiscal year, Frederick E Weber Charities Corp has awarded $264,500 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
FOOD FOR FREE COMMITTEE PURPOSE: PROGRAM SUPPORT | $12,500 |
BREAD AND ROSES PURPOSE: PROGRAM SUPPORT | $10,000 |
HOUSEHOLD GOODS RECYCLING MINISTRY PURPOSE: PROGRAM SUPPORT | $10,000 |
Malden, MA PURPOSE: PROGRAM SUPPORT | $10,000 |
Lowell, MA PURPOSE: PROGRAM SUPPORT | $9,000 |
CITY MISSIONARY SOCIETY PURPOSE: PROGRAM SUPPORT | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |