Avidia Charitable Foundation Inc
- Assets
- $4.5m
- Revenue
- $85.0k
- Investments
- $4.4m
- Employees
- 0
- Location
- Hudson, MA
- Founding
- 07/1997
- Data as of
- 12/2023
- 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 12/2023, Avidia Charitable Foundation Inc generated $85.0k 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 (17.6%) each year. All expenses for the organization totaled $190.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Avidia Charitable Foundation Inc has awarded 274 individual grants totaling $1,101,300. 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 Cozzone President | 0.2 | $0 | |
Margaret B Melo Sullivan Treasurer | 0.2 | $0 | |
Linda Marrone Clerk | 8 | $0 | |
Paul Blazar Director | 0.1 | $0 | |
Michael Girard Director | 0.1 | $0 | |
Joseph Grimaldo Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $100,461 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,519 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $84,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $844 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65 |
| Total operating and administrative expenses | $909 |
| Contributions, gifts, grants paid | $189,500 |
| Total expenses and disbursements | $190,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,583 |
| Savings and temporary cash investments | $77,270 |
| 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 | $4,479,449 |
| 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 $189,500 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
A PLACE TO TURN PURPOSE: TO SUPPORT THE EAT FRESH PROGRAM WITHIN THE FOOD PANTRY. | $2,000 |
ADVOCATES INC PURPOSE: TO PROVIDE FREE MENTAL HEALTH CARE TO LOW-INCOME OLDER ADULTS WHO CANNOT ACCESS THEIR TRUSTED THERAPIST OR SOCIAL WORKER ONCE THEY TURN AGE 65 DUE TO MEDICARE RESTRICTIONS. | $2,500 |
ADDICTION REFERRAL CENTER PURPOSE: TO SUPPORT PROJECT SERENE WHICH OFFERS A WEEKLY MEDITATION & MINDFULNESS CLASS FOR CURRENT AND NEW CLIENTS. THE PROGRAM IS OPEN TO AN INDIVIDUAL SEEKING RECOVERY FROM SUBSTANCE USE DISORDER(S). | $2,000 |
ADVANCED MATH & SCIENCE ACADEMY PURPOSE: TO SUPPORT 21ST CENTURY SCIENCE AND TECHNOLOGY IN EARLIER GRADES. PHASE I WILL FEATURE INCREASED SCIENCE RESEARCH SPACE, MODERNIZE CLASSROOM TECHNOLOGY, EXPAND SCIENCE LABS, ACQUIRE NEW ROBOTICS & ENGINEERING EQUIPMENT, UPGRADE COMPUTER SCIENCE TECHNOLOGY, ADD NEW BENCHES & TABLES TO LABS, AND IMPROVE SAFETY FEATURES THROUGHOUT CAMPUS. | $5,000 |
APPLE TREE ARTS PURPOSE: TO CONTINUE FUNDING EARLY CHILDHOOD OUTREACH CLASSES AT HEAD START LOCATIONS IN WEBSTER AND SOUTHBRIDGE, SPECIFICALLY FREE MUSIC PROGRAMS FOR LOW INCOME FAMILIES. | $4,000 |
ASSABET VALLEY MASTERSINGERS PURPOSE: TO SUPPORT THE 46TH SEASON OF PRESENTING OUTSTANDING AND UNIQUE CHORAL CONCERTS IN THE TOWNS OF WESTBOROUGH, SOUTHBOROUGH, MARLBOROUGH, SHREWSBURY AND NORTHBOROUGH. | $2,000 |