Francis A & Jacquelyn H Harrington Foundation
- Assets
- $4.5m
- Revenue
- $676.0k
- Investments
- $4.5m
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 02/1967
- Data as of
- 12/2021
- EIN
- 04-6125088
Organization Overview
Francis A & Jacquelyn H Harrington Foundation is located in Worcester, MA. The organization was established in 1967. 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. Francis A & Jacquelyn H Harrington 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 12/2021, Francis A & Jacquelyn H Harrington Foundation generated $676.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $704.1k during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 5 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.
Since 2017, Francis A & Jacquelyn H Harrington Foundation has awarded 19 individual grants totaling $2,801,034. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James H Harrington Trustee | 1 | $14,000 | |
Phyllis Harrington Trustee | 1 | $14,000 | |
Sumner B Tilton Jr Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $228,301 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $430,732 |
| Capital Gain Net Income | $430,732 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,945 |
| Total Revenue | $675,978 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,188 |
| Total operating and administrative expenses | $162,572 |
| Contributions, gifts, grants paid | $541,500 |
| Total expenses and disbursements | $704,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61,166 |
| 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 | $2,547,687 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,549,089 |
| 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, Francis A & Jacquelyn H Harrington Foundation has awarded $663,711 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CLARK UNIVERSITY PURPOSE: INITIATIVES IN MAIN SOUTH, WORCESTER | $221,237 |
BOYS & GIRLS CLUB OF AMERICA PURPOSE: ENDOWMENT FUND | $221,237 |
QUINSIGAMOND COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP AID MAIN SOUTH | $221,237 |