Gladys Avery Foundation
- Assets
- $197.0k
- Revenue
- $83.8k
- Investments
- $183.2k
- Employees
- 0
- Location
- Wayland, MA
- Founding
- 03/2001
- Data as of
- 12/2023
- EIN
- 04-3544625
Organization Overview
Gladys Avery Foundation is located in Wayland, MA. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Gladys Avery Foundation 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, Gladys Avery Foundation generated $83.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $33.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gladys Avery Foundation has awarded 56 individual grants totaling $208,000. 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 |
|---|---|---|---|
Charlie Tillett Trustee | 1 | $0 | |
Maureen Tillett Trustee | 1 | $0 | |
Elizabeth Matthews Trustee (appointed 8/11/23) | 0.25 | $0 | |
Charles W Tillett V Trustee (appointed 8/11/23) | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,260 |
| Interest on Savings | $469 |
| Dividends & Interest | $1,967 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,132 |
| Capital Gain Net Income | $74,132 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,012 |
| Total Revenue | $83,840 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $31 |
| Taxes | $452 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $1,778 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $33,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,777 |
| 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 | $183,211 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $196,988 |
| 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, Gladys Avery Foundation has awarded $32,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CRISIS CENTER OF CENTRAL NEW HAMPSHIRE PURPOSE: PROGRAM SUPPORT | $2,500 |
BIG BROTHERS BIG SISTERS OF CENTRAL MASSMETROWEST INC PURPOSE: PROGRAM SUPPORT | $23,000 |
FIRST PARISH IN WAYLAND PURPOSE: PROGRAM SUPPORT | $3,000 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: PROGRAM SUPPORT | $500 |
THE GREATER BOSTON FOOD BANK PURPOSE: PROGRAM SUPPORT | $1,000 |
HAWAII PEOPLE'S FUND PURPOSE: PROGRAM SUPPORT | $1,000 |