Avidia Charitable Foundation Inc
- Assets
- $4.8m
- Revenue
- $91.3k
- Investments
- $4.6m
- Employees
- 0
- Location
- Hudson, MA
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 04-3371516
Organization Overview
Avidia Charitable Foundation Inc is located in Hudson, MA. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Avidia Charitable 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 12/2021, Avidia Charitable Foundation Inc generated $91.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (25.8%) each year. All expenses for the organization totaled $269.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Avidia Charitable Foundation Inc has awarded 171 individual grants totaling $701,050. 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 |
|---|---|---|---|
Mark O'connell President | 0.2 | $0 | |
Margaret B Melo Sullivan Treasurer | 0.2 | $0 | |
Hanna Sanders Clerk | 8 | $0 | |
Paul Blazar Director | 0.1 | $0 | |
Jeff Leland Director | 0.1 | $0 | |
Paul Mcgrath Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26 |
| Dividends & Interest | $91,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $91,281 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,967 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $778 |
| Total operating and administrative expenses | $7,902 |
| Contributions, gifts, grants paid | $262,000 |
| Total expenses and disbursements | $269,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,279 |
| Savings and temporary cash investments | $120,040 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,775,660 |
| 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, Avidia Charitable Foundation Inc has awarded $262,000 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF METROWEST PURPOSE: SUMMER CAMP UNDERWRITING AND AFTER-SCHOOL PROGRAMMING SUPPORT. | $25,000 |
Hudson, MA PURPOSE: OBTAIN MATCHING FUNDS FOR A MA CULTURAL GRANT TO PURCHASE THE ARMORY BUILDING. BUILDING TO BECOME COMMUNITY CULTURAL ARTS CENTER. | $20,000 |
BBBS OF CENTRAL MAMETROWEST BIG CELEBRATION PURPOSE: BIG CELEBRATION - ANNUAL FUNDRAISING GALA | $10,000 |
Leominster, MA PURPOSE: TO SUPPORT SHELTER OPERATION COSTS SUCH AS CLIENT PERSONAL NEEDS, FOOD, SUPPLIES, OFFICE NEEDS, INSURANCE, STAFFING, UTILITIES, MAINTENANCE, CHILDREN SPECIFIC NEEDS, CLOTHING, IT NEEDS AND MORE. | $10,000 |
METROWEST YMCA PURPOSE: ONGOING SUPPORT OF PROGRAMS. | $10,000 |
HUDSON YOUTH BASEBALLSOFTBALL PURPOSE: IMPROVEMENT IN LAND/STRUCTURES. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Medical Research Foundation Needham, MA | $9,824,950 | $46,333,953 |
Hope For Youth Inc Amityville, NY | $10,865,800 | $14,335,992 |
Lauren And Lee Fixel Family Foundation Inc New York, NY | $40,185,371 | $21,974,777 |
Joy In Childhood Foundation Inc Canton, MA | $7,582,989 | $8,931,292 |
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Mccance Foundation Tr North Scituate, MA | $91,930,926 | $3,999,038 |
Childrens Dyslexia Centers Inc Lexington, MA | $70,604,540 | $15,265,584 |
North Central Area Agency On Aging Inc Hartford, CT | $1,856,134 | $6,505,484 |
Hampton Classic Horse Show Inc Bridgehampton, NY | $1,702,497 | $4,948,481 |
Peggy Mcgrath Rockefeller Foundation New York, NY | $16,278,993 | $1,905,197 |