Thoracic Foundation
- Assets
- $5.8m
- Revenue
- $908.6k
- Investments
- $5.7m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/1949
- Data as of
- 12/2022
- EIN
- 04-2226641
Organization Overview
Thoracic Foundation is located in Boston, MA. The organization was established in 1949. According to its NTEE Classification (G42) the organization is classified as: Ear & Throat Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thoracic Foundation 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 12/2022, Thoracic Foundation generated $908.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $621.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Thoracic Foundation has awarded 47 individual grants totaling $1,325,895. 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 |
|---|---|---|---|
Hilary Worthen Trustee | 0.5 | $0 | |
Bradley R Cook Trustee | 1 | $0 | |
Patricia Shepard Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,963 |
| Dividends & Interest | $131,320 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $768,936 |
| Capital Gain Net Income | $768,936 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $405 |
| Total Revenue | $908,624 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,147 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,685 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $509 |
| Total operating and administrative expenses | $178,653 |
| Contributions, gifts, grants paid | $442,540 |
| Total expenses and disbursements | $621,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,687 |
| Savings and temporary cash investments | $25,259 |
| Net Accounts receivable | $69,277 |
| 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 | $155,357 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,805,994 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Thoracic Foundation has awarded $442,540 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION ON SMOKING AND HEALTH(ASH) PURPOSE: GENERAL FUNDING FOR NON-SMOKERS RIGHTS | $5,000 |
BOSTON COMMUNITY PEDIATRICS PURPOSE: TO ASSIST WITH COVID-19 VACCINE EDUCATION AND COUNSELING. | $30,000 |
ASTHMA & ALLERGY FOUNDATION OF AMERICA PURPOSE: ASTHMA EDUCATION AND AWARENESS | $30,000 |
CAMPAIGN FOR TOBACCO FREE KIDS PURPOSE: ADVOCACY PROGRAM - KICK BUTTS DAY | $32,500 |
CAMPAIGN FOR TOBACCO FREE KIDS PURPOSE: ACCOUNTABILITY PROGRAM - PROTECTING KIDS | $42,500 |
COMPASSION & CHOICES PURPOSE: GENERAL PURPOSE | $50,000 |