Chiropractic Foundation Of Massachusetts Inc
- Assets
- $391.6k
- Revenue
- $2.4k
- Investments
- $341.6k
- Employees
- 0
- Location
- Whitinsville, MA
- Founding
- 12/1986
- Data as of
- 12/2023
- EIN
- 04-2772867
Organization Overview
Chiropractic Foundation Of Massachusetts Inc is located in Whitinsville, MA. The organization was established in 1986. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chiropractic Foundation Of Massachusetts 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 12/2023, Chiropractic Foundation Of Massachusetts Inc generated $2.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (37.7%) each year. All expenses for the organization totaled $44.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF FOUNDATION FOR CHIROPRACTIC PROGRESS AND OTHER CHIROPRACTIC EDUCATION RELATED ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Amantea President | 5 | $0 | |
Josef Arnould Treasurer | 5 | $0 | |
Kenneth Harling Director | 1 | $0 | |
Steven Saro Clerk | 1 | $0 | |
Stephen Heney Director | 1 | $0 | |
Joseph Kornfeld Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $241 |
| Dividends & Interest | $5,228 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,214 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,355 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $134 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $356 |
| Total operating and administrative expenses | $1,240 |
| Contributions, gifts, grants paid | $43,300 |
| Total expenses and disbursements | $44,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,105 |
| Savings and temporary cash investments | $37,865 |
| 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 | $0 |
| Total assets | $391,553 |
| 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, Chiropractic Foundation Of Massachusetts Inc has awarded $43,300 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS CHIROPRACTIC SOCIETY PURPOSE: ORGANIZED TO MAINTAIN THE STANDARDS IN EDUCATION, ETHICS AND PROFESSIONAL COMPETENCY IN THE CHIROPRACTIC PROFESSION | $35,800 |
BOSTON BENEVOLENT CLINIC PURPOSE: TO PROVIDE FREE CHIROPRACTIC CARE TO THOSE IN NEED | $7,500 |