Maple Leaf Foundation Inc
- Assets
- $1.4m
- Revenue
- -$372.9k
- Investments
- $1.3m
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 02/2018
- Data as of
- 06/2022
- EIN
- 04-3166817
Organization Overview
Maple Leaf Foundation Inc is located in Wellesley, MA. The organization was established in 2018. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maple Leaf Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE NEW ENGLAND/CANADA CULTURAL UNDERSTANDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROMOTION OF CULTURAL, SOCIAL AND EDUCATIONAL RELATIONSHIPS BETWEEN AND AMONG PERSONS RESIDING IN THE NEW ENGLAND REGION AND CANADA PRIMARILY THROUGH THE OPERATION OF A STUDENT EXCHANGE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William H Claflin IV Director | 0.5 | $0 | |
Phillip Nadeau Director | 0.5 | $0 | |
Robert Gittens Director | 0.5 | $0 | |
Kenneth R Rossano Director, Chairman Emeritus | 0.5 | $0 | |
Jon Sorenson Director, Ex Officio | 0.5 | $0 | |
Margaret R Cohen President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,529 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$398,447 |
| Capital Gain Net Income | $34,288 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,990 |
| Total Revenue | -$372,928 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $287 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,193 |
| Total operating and administrative expenses | $33,858 |
| Contributions, gifts, grants paid | $82,200 |
| Total expenses and disbursements | $116,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,876 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,333,777 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,893 |
| Total assets | $1,426,546 |
| 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 | $3,600 |
| Total liabilities | $3,600 |
Grants Awarded
Over the last fiscal year, Maple Leaf Foundation Inc has awarded $72,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR EDUCATIONAL EXCHANGE BETWEEN CANADA AND THE USA PURPOSE: FOR EDUCATIONAL STUDENT EXCHANGE PROGRAM, INCLUDING ECO-LEADERSHIP. | $71,800 |
BRIDGEWATER STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |