Grace Knight Babson Fund
- Assets
- $0.0
- Revenue
- $249.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 07/1960
- Data as of
- 10/2021
- EIN
- 04-6041993
Organization Overview
Grace Knight Babson Fund is located in Wellesley, MA. The organization was established in 1960. 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.
For the year ending 10/2021, Grace Knight Babson Fund generated $249.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (46.0%) each year. All expenses for the organization totaled $168.3k during the year ending 10/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Grace Knight Babson Fund has awarded 44 individual grants totaling $194,690. 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 |
|---|---|---|---|
Rev Matthew Wooster Trustee | 0.25 | $200 | |
Anne Lysaght Treasurer | 0.25 | $575 | |
Jodi Suffrin Trustee | 0.25 | $200 | |
Cynthia Lowe Clerk | 0.5 | $590 | |
FR James Laughlin Trustee | 0.25 | $200 | |
Rev Matthew Wooster Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $243 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,209 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $249 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,100 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $50 |
| Other expenses | $35 |
| Total operating and administrative expenses | $6,157 |
| Contributions, gifts, grants paid | $162,190 |
| Total expenses and disbursements | $168,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,098 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Grace Knight Babson Fund has awarded $166,190 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ST ANDREWS EPISCOPAL CHURCH PURPOSE: RELIGIOUS EDUCATION | $1,000 |
ST MARY'S EPISCOPAL CHURCH PURPOSE: RELIGIOUS EDUCATION | $1,000 |
TEMPLE BETH ELOHIM PURPOSE: RELIGIOUS EDUCATION | $1,000 |
ST PAUL'S PARISH PURPOSE: RELIGIOUS EDUCATION | $1,000 |
FIRST CHURCH OF CHRIST SCIENTIST PURPOSE: UNRESTRICTED. | $16,219 |
ST ANDREWS EPISCOPAL CHURCH PURPOSE: UNRESTRICTED. | $16,219 |