Demoulas Market Basket Foundation
- Assets
- $23.4m
- Revenue
- $780.0k
- Investments
- $21.5m
- Employees
- 0
- Location
- Chelmsford, MA
- Founding
- 07/1981
- Data as of
- 12/2022
- EIN
- 04-2723441
Organization Overview
Demoulas Market Basket Foundation is located in Chelmsford, MA. The organization was established in 1981. 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. Demoulas Market Basket 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, Demoulas Market Basket Foundation generated $780.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Demoulas Market Basket Foundation has awarded 610 individual grants totaling $3,237,950. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL ORGANIZATIONS
CIVIC AND CULTURAL ORGANIZATIONS
HEALTH ORGANIZATIONS
CHURCHES, TEMPLES AND RELIGIOUS ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur T Demoulas Trustee | 4 | $0 | |
Susan M Dufresne Fiscal Officer | 6 | $37,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,736 |
| Dividends & Interest | $642,667 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $125,634 |
| Capital Gain Net Income | $125,634 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $780,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $842 |
| Total operating and administrative expenses | $110,201 |
| Contributions, gifts, grants paid | $1,103,650 |
| Total expenses and disbursements | $1,213,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,870,749 |
| Net Accounts receivable | $20,412 |
| 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 | $9,783,129 |
| Investments—other | $6,387,155 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,398,263 |
| 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 | $828 |
| Total liabilities | $828 |
Grants Awarded
Over the last fiscal year, Demoulas Market Basket Foundation has awarded $1,103,650 in support to 202 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF NOTRE DAME PURPOSE: SCHOOLS, COLLEGES, UNIVERSITIES | $25,000 |
ACRE FAMILY DAY CARE PURPOSE: SCHOOLS, COLLEGES, UNIVERSITIES | $2,500 |
ALZHEIMER'S ASSOCIATION PURPOSE: HOSPITAL & HEALTH ORGANIZATIONS | $5,000 |
AMERICAN RED CROSS OF MA PURPOSE: CIVIC, CULTURAL & OTHER | $2,500 |
ANNUNCIATION GREEK ORTHODOX CATHEDRAL OF NEW ENGLAND PURPOSE: CHURCHES, TEMPLES, & RELIGIOUS | $5,000 |
ANNA JAQUES COMMUNITY HEALTH FOUNDATION PURPOSE: HOSPITAL & HEALTH ORGANIZATIONS | $5,000 |