Highland Street Connection
- Assets
- $74.1m
- Revenue
- $4.7m
- Investments
- $32.1m
- Employees
- 0
- Location
- Newton, MA
- Founding
- 04/1990
- Data as of
- 12/2020
- EIN
- 04-3048298
Organization Overview
Highland Street Connection is located in Newton, MA. The organization was established in 1990. 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. Highland Street Connection 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 12/2020, Highland Street Connection generated $4.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $8.1m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (54.2%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Highland Street Connection has awarded 871 individual grants totaling $44,591,643. 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 |
|---|---|---|---|
Blake Jordan Executive Director | 40 | $413,979 | |
Noreen Mcmahon Senior Director Of P | 40 | $149,527 | |
Meredith Scott Operations Manager | 40 | $94,892 | |
Linda Muir-Robinson Accounting Manager | 40 | $86,466 | |
Brian Mcnulty Assoc. Dir. Of Grant | 40 | $82,599 | |
Randal Divinski Grant Officer | 40 | $18,019 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 12/30/21 | $200,000 |
Sea Cliff Financial Llc | 12/30/21 | $128,640 |
Samet & Company Pc | 12/30/21 | $82,500 |
Dan Salera | 12/30/21 | $72,000 |
Carolyn O'brien Consulting Llc | 12/30/21 | $55,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $64,411 |
| Dividends & Interest | $1,266,825 |
| Net Rental Income | -$40,440 |
| Net Gain on Sale of Assets | $3,185,025 |
| Capital Gain Net Income | $3,185,025 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $232,280 |
| Total Revenue | $4,748,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $416,028 |
| Other employee salaries and wages | $489,994 |
| Pension plans, employee benefits | $97,982 |
| Interest | $451,611 |
| Taxes | $253,277 |
| Depreciation | $2,268 |
| Occupancy | $141,883 |
| Travel, conferences, and meetings | $3,040 |
| Printing and publications | $0 |
| Other expenses | $868,271 |
| Total operating and administrative expenses | $3,287,952 |
| Contributions, gifts, grants paid | $4,854,217 |
| Total expenses and disbursements | $8,142,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $894,813 |
| Savings and temporary cash investments | $4,080,659 |
| 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 | $25,281 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $5,000,000 |
| Investments—other | $19,255,633 |
| Net Land, buildings, and equipment | $668,847 |
| Other assets | $36,312,510 |
| Total assets | $74,050,006 |
| 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 | $10,172,000 |
| Other liabilities | $3,572 |
| Total liabilities | $10,175,572 |
Grants Awarded
Over the last fiscal year, Highland Street Connection has awarded $4,023,505 in support to 227 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON COLLEGE PURPOSE: FOR EDUCATIONAL PROGRAMS. | $200,000 |
CAMP HARBOR VIEW PURPOSE: FOR YOUTH PROGRAMMING. | $160,000 |
MENTOR THE NATIONAL MENTORING PARTNERSHIP PURPOSE: FOR MENTORING. | $155,000 |
EISENHOWER HEALTH FOUNDATION PURPOSE: FOR HEALTHCARE. | $102,500 |
ARCHDIOCESE OF BOSTON PURPOSE: FOR RELIGIOUS. | $100,000 |
BOSTON COLLEGE PURPOSE: FOR EDUCATIONAL PROGRAMS. | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Highland Street Connection has recieved totaling $42,200.
| Awarding Organization | Amount |
|---|---|
The Fund For Parks And Recreation In Boston Boston, MA PURPOSE: PREPARE SELECT BASEBALL FIELDS FOR LITTLE LEAGUE SEASON | $25,000 |
The Fund For Parks And Recreation In Boston Boston, MA PURPOSE: PARKARTS - PARTCIPATORY | $10,000 |
The Fund For Parks And Recreation In Boston Boston, MA PURPOSE: FEBRUARY CHILDREN'S WINTER FESTIVAL | $7,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |