Creighton Narada Foundation
- Assets
- $16.1m
- Revenue
- $591.7k
- Investments
- $15.7m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 04-3243114
Organization Overview
Creighton Narada Foundation is located in Boston, 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. Creighton Narada Foundation 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, Creighton Narada Foundation generated $591.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $903.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Creighton Narada Foundation has awarded 99 individual grants totaling $3,450,000. 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 |
|---|---|---|---|
Hilary H Creighton Trustee | 1 | $0 | |
Albert M Creighton III Trustee | 1 | $0 | |
Peter H Creighton Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $96,422 |
| Dividends & Interest | $260,510 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $234,795 |
| Capital Gain Net Income | $234,795 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $591,727 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,855 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $405 |
| Total operating and administrative expenses | $53,891 |
| Contributions, gifts, grants paid | $850,000 |
| Total expenses and disbursements | $903,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,479 |
| Savings and temporary cash investments | $215,880 |
| 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 | $6,643,803 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,075,817 |
| 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, Creighton Narada Foundation has awarded $850,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
APPALACHIAN MOUNTAIN CLUB PURPOSE: CONSERVATION | $5,000 |
BEVERLY BOOSTSTRAP PURPOSE: COMMUNITY/CULTURAL | $30,000 |
BOYS AND GIRLS CLUB OF LYNN PURPOSE: CONSERVATION | $100,000 |
CAPE ANN MUSEUM PURPOSE: COMMUNITY/CUTURAL | $20,000 |
NEVA MUSEUM PURPOSE: COMMUNITY | $5,000 |
CUTCHINGS PROGRAM FOR CHILDREN AND FAMILIES PURPOSE: COMMUNITY/CULTURAL | $5,000 |