Constellation Charitable Foundation
- Assets
- $39.6m
- Revenue
- $800.1k
- Investments
- $33.0m
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 12/2002
- Data as of
- 06/2022
- EIN
- 04-3584076
Organization Overview
Constellation Charitable Foundation is located in Cambridge, MA. The organization was established in 2002. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Constellation Charitable 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 06/2022, Constellation Charitable Foundation generated $800.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (72.3%) each year. All expenses for the organization totaled $517.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SEARCH, ANALYSIS, AND CONCEPT DESIGN REGARDING POSSIBLE SITES ON WHICH TO LOCATE A PERFORMING ARTS CENTER
DEVELOPMENT OF STATE OF THE ART PERFORMANCE CENTERS, AND RELATED SERVICES INCLUDING THE PURCHASE OF CHARITABLE ASSETS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn A Knickrehm President | 1 | $0 | |
Kathleen M Fay Trustee | 1 | $0 | |
George Mccully Trustee | 1 | $0 | |
Pablo Edwardo Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Verrill - Law | 6/29/22 | $50,853 |
Wessling Architects | 6/29/22 | $20,722 |
Dharam Consulting | 6/29/22 | $15,750 |
Paul L Sapienza Pc Cpa | 6/29/22 | $12,090 |
Hemenway & Barnes | 6/29/22 | $8,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,066 |
| Dividends & Interest | $808,768 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$33,688 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $800,146 |
| 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 | $158,908 |
| Total operating and administrative expenses | $206,967 |
| Contributions, gifts, grants paid | $310,000 |
| Total expenses and disbursements | $516,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,126 |
| Savings and temporary cash investments | $5,236,159 |
| 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 | $864,024 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $484,562 |
| Total assets | $39,649,707 |
| Accounts payable and accrued expenses | $15,767 |
| 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 | $10,000,000 |
| Total liabilities | $10,015,767 |
Grants Awarded
Over the last fiscal year, Constellation Charitable Foundation has awarded $310,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HANDEL HOUSE FOUNDATION OF AMERICA PURPOSE: DEVELOPMENT ASSISTANCE FOR AN ARTS CENTER | $10,000 |
BOSTON EARLY MUSIC FOUNDATION PURPOSE: DEVELOPMENT ASSISTANCE FOR AN ARTS CENTER | $300,000 |