The Red Elm Tree Foundation
- Assets
- $18.4m
- Revenue
- -$429.4k
- Investments
- $18.2m
- Employees
- 0
- Location
- Lincoln, MA
- Founding
- 07/1994
- Data as of
- 11/2023
- EIN
- 04-3210639
Organization Overview
The Red Elm Tree Foundation is located in Lincoln, MA. The organization was established in 1994. 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. Red Elm Tree Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Red Elm Tree Foundation has awarded 231 individual grants totaling $7,760,743. 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 |
|---|---|---|---|
Robert E Davoli Trustee | 1 | $0 | |
Eileen L Mcdonagh Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,061,510 |
| Interest on Savings | $13,218 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,504,173 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$429,445 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,500 |
| Total operating and administrative expenses | $9,500 |
| Contributions, gifts, grants paid | $835,200 |
| Total expenses and disbursements | $844,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,496 |
| Savings and temporary cash investments | $231,581 |
| 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 | $1,500,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,400,732 |
| 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, The Red Elm Tree Foundation has awarded $835,200 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
909 WBUR PURPOSE: GENERAL PURPOSE GRANT | $5,000 |
COMMUNITY MUSICWORKS PURPOSE: GENERAL PURPOSE GRANT | $250,000 |
COMPUTER HISTORY MUSEUM PURPOSE: GENERAL PURPOSE GRANT | $5,000 |
FINE ARTS WORK CENTER PURPOSE: GENERAL PURPOSE GRANT | $10,000 |
DECORDOVA SCULPTURE PARK AND MUSEUM PURPOSE: GENERAL PURPOSE GRANT | $100,000 |
INSTITUTE OF CONTEMPORARY ART PURPOSE: GENERAL PURPOSE GRANT | $30,000 |