The Fred Haarris Daniels Foundation Inc
- Assets
- $15.9m
- Revenue
- $1.2m
- Investments
- $15.6m
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 02/1951
- Data as of
- 10/2023
- EIN
- 04-6014333
Organization Overview
The Fred Haarris Daniels Foundation Inc is located in Worcester, MA. The organization was established in 1951. 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 Haarris Daniels 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 10/2023, Fred Haarris Daniels Foundation Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.2m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Fred Haarris Daniels Foundation Inc has awarded 426 individual grants totaling $7,099,750. 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 |
|---|---|---|---|
David A Nicholson Vice-President | 3 | $9,700 | |
Fred H Daniels II President | 3 | $11,200 | |
Sarah D Morse Director | 1 | $5,900 | |
Dwight Blake Director | 1 | $3,500 | |
Christina N Eaton Director | 1 | $5,000 | |
James T Morse Clerk/director | 2 | $4,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,115 |
| Dividends & Interest | $492,061 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $731,052 |
| Capital Gain Net Income | $731,052 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,231,228 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $78,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,908 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20,307 |
| Printing and publications | $0 |
| Other expenses | $1,746 |
| Total operating and administrative expenses | $317,418 |
| Contributions, gifts, grants paid | $923,250 |
| Total expenses and disbursements | $1,240,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $246,667 |
| 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 | $3,945,400 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,888,847 |
| 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, The Fred Haarris Daniels Foundation Inc has awarded $923,250 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN COMMUNITY EDUCATION PROGRAM PURPOSE: GENERAL SUPPORT | $75,000 |
AMERICAN RED CROSS OF CENTRAL MA PURPOSE: GENERAL SUPPORT | $5,000 |
ABBY KELLEY FOSTER HOUSE INC PURPOSE: GENERAL SUPPORT | $40,000 |
APPLE TREE ARTS PURPOSE: GENERAL SUPPORT | $3,000 |
CASA PROJECT PURPOSE: GENERAL SUPPORT | $10,000 |
BLACKSTONE HERITAGE CORREDOR INC PURPOSE: GENERAL SUPPORT | $5,000 |