Fred Bergfors And Margaret Sandberg Foundation Inc
- Assets
- $3.5m
- Revenue
- $225.9k
- Investments
- $3.4m
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 08/2000
- Data as of
- 04/2024
- EIN
- 04-3485593
Organization Overview
Fred Bergfors And Margaret Sandberg Foundation Inc is located in Wakefield, MA. The organization was established in 2000. 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. Fred Bergfors And Margaret Sandberg 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 04/2024, Fred Bergfors And Margaret Sandberg Foundation Inc generated $225.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $185.6k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Fred Bergfors And Margaret Sandberg Foundation Inc has awarded 81 individual grants totaling $447,287. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
DANA FARBER CANCER CENTER
TUNNELL FOR TOWERS
LUKES WINGS
MASS GENERAL HOSPITAL FOUNDATION FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Rice Co Mahoney Fiorentino Director | 2 | $0 | |
Stefan Rice Co Mahoney Fiorentino Director | 1 | $0 | |
Brandt E Rice Co Mahoney Fiorentino Director | 1 | $0 | |
Frank Fiorentino Co Mahoney Fiorent Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Byn Mellon Wealth Management | 4/29/24 | $42,326 |
Mahoney Fiorentino Co Pc | 4/29/24 | $22,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,137 |
| Dividends & Interest | $89,404 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $134,346 |
| Capital Gain Net Income | $134,346 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $225,887 |
| 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 | $0 |
| Total operating and administrative expenses | $77,611 |
| Contributions, gifts, grants paid | $108,000 |
| Total expenses and disbursements | $185,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,560 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,500,116 |
| 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, Fred Bergfors And Margaret Sandberg Foundation Inc has awarded $108,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BETHESDA RESCUE SQUARD PURPOSE: EDUCATION | $2,500 |
CHILDRENS INN NIH PURPOSE: EDUCATION | $5,000 |
DANA FARBER CANCER CTR PURPOSE: EDUCATION | $5,000 |
GARY SINESE FOUNDATION PURPOSE: EDUCATION | $7,500 |
DC PEERS PURPOSE: EDUCATION | $2,500 |
IMAGINATION STAGE PURPOSE: EDUCATION | $5,000 |