Mulberry Foundation Inc
- Assets
- $2.5m
- Revenue
- $14.0k
- Investments
- $2.5m
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 10/2000
- Data as of
- 12/2023
- EIN
- 04-3505849
Organization Overview
Mulberry Foundation Inc is located in Worcester, MA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mulberry 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, Mulberry Foundation Inc generated $14.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $184.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mulberry Foundation Inc has awarded 102 individual grants totaling $1,533,000. 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 |
|---|---|---|---|
Carol L Uptegrove Director, Cl | 1 | $0 | |
Leif Uptegrove Director, Pr | 1 | $0 | |
Erin Uptegrove Director | 1 | $0 | |
Laurel Phillips Director | 1 | $0 | |
Deane Uptegrove Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fidelity | 12/30/16 | $12,619 |
Fletcher Tilton Pc | 12/30/16 | $4,435 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $49 |
| Dividends & Interest | $78,921 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$64,944 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,026 |
| 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 | $2,311 |
| Total operating and administrative expenses | $24,841 |
| Contributions, gifts, grants paid | $160,000 |
| Total expenses and disbursements | $184,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,906 |
| Savings and temporary cash investments | $8,690 |
| 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 | $2,479,289 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,529,885 |
| 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, Mulberry Foundation Inc has awarded $160,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS OF CENTRAL MASSA PURPOSE: DISASTER RELIEF | $10,000 |
CAMP BEREA INC PURPOSE: CAMPER SCHOLARSHIPS | $11,000 |
COMPASS PATH FKA LA VIDA COMPASS I PURPOSE: SCHOLARSHIPS AND MISSIONS TRIPS | $5,000 |
CURE INTERNATIONAL INC PURPOSE: SURGERY SPONSORSHIP PROGRAM | $25,000 |
MESSIAH UNIVERSITY PURPOSE: MISSIONS TRIPS | $22,000 |
PLACE OF PROMISE PURPOSE: RESIDENTIAL SCHOLARSHIP PROGRAMS | $13,000 |