Maple Leaf Foundation Inc
- Assets
- $1.9m
- Revenue
- $555.0k
- Investments
- $1.9m
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 02/2018
- Data as of
- 06/2021
- 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.
For the year ending 06/2021, Maple Leaf Foundation Inc generated $555.0k in total revenue. All expenses for the organization totaled $96.9k during the year ending 06/2021. While expenses have increased by 21.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2021
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
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 | $20,803 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $534,149 |
| Capital Gain Net Income | $246,686 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $554,952 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $226 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,242 |
| Total operating and administrative expenses | $26,893 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $96,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,568 |
| 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 | $1,901,780 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,924,348 |
| 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 | $12,416 |
| Total liabilities | $12,416 |
Grants Awarded
Over the last fiscal year, Maple Leaf Foundation Inc has awarded $145,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR EDUCATIONAL EXCHANGE BETWEEN CANADA AND THE USA PURPOSE: FOR EDUCATIONAL STUDENT EXCHANGE PROGRAM, INCLUDING ECO-LEADERSHIP. | $71,800 |
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 |
BRIDGEWATER STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Onward Israel Usa Inc New York, NY | $2,215,370 | $5,939,234 |
Showa Boston Institute For Language And Culture Jamaica Plain, MA | $39,110,971 | $10,562,824 |
Afs Intercultural Programs Inc New York, NY | $14,241,646 | $12,687,356 |
Egyptian-American Enterprise Fund New York, NY | $169,845,703 | $41,150,119 |
International Student Exchange Inc Bay Shore, NY | $14,840,965 | $6,979,556 |
Insead North America Inc Valhalla, NY | $10,753,709 | $6,277,643 |
Program Of Academic Exchange Port Chester, NY | $4,242,998 | $6,723,504 |
School Year Abroad Inc North Andover, MA | $31,777,579 | $4,148,421 |
Urban Assembly Inc New York, NY | $3,965,114 | $5,718,202 |
American Secondary Schools For Internatl Students & Teachers Inc Suffield, CT | $4,907,534 | $4,976,762 |
Belgian American Educational Foundation Inc New Haven, CT | $187,360,313 | $18,682,825 |
South Africa Partners Inc Boston, MA | $738,442 | $2,936,650 |