James W Obrien Foundation Inc
- Assets
- $21.0m
- Revenue
- $698.5k
- Investments
- $20.0m
- Employees
- 0
- Location
- North Andover, MA
- Founding
- 10/2000
- Data as of
- 12/2023
- EIN
- 04-3528495
Organization Overview
James W Obrien Foundation Inc is located in North Andover, 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. James W Obrien 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, James W Obrien Foundation Inc generated $698.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 0.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Braga Trustee | 2 | $3,000 | |
Carolyn Mcinnis Trustee | 2 | $6,000 | |
Mcinnis Family Office Trustee | 10 | $86,793 | |
Christopher Hopey Trustee | 2 | $6,000 | |
Rardy Pena Trustee | 2 | $3,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rbc Capital Markets Llc | 12/30/23 | $130,710 |
Lcw Cpas | 12/30/23 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $150,770 |
| Dividends & Interest | $374,423 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $173,279 |
| Capital Gain Net Income | $173,279 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $698,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $104,793 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,994 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,349 |
| Total operating and administrative expenses | $262,846 |
| Contributions, gifts, grants paid | $740,953 |
| Total expenses and disbursements | $1,003,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,176 |
| Savings and temporary cash investments | $827,654 |
| 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 | $7,221 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $31,535 |
| Total assets | $20,959,147 |
| Accounts payable and accrued expenses | $32,500 |
| Grants payable | $254,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $66,972 |
| Total liabilities | $353,472 |
Grants Awarded
Over the last fiscal year, James W Obrien Foundation Inc has awarded $862,257 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS ORGANIZATIONS PURPOSE: VARIOUS DONATIONS TO CHARITABLE ORGANIZATIONS | $852,257 |
ADJUSTMENT TO ACCOUNT FOR DIFFERENC PURPOSE: VARIOUS DONATIONS TOCHARITABLE ORGANIZATIONS | $10,000 |