Mary Elizabeth Pearce Foundation Tr
- Assets
- $9.0m
- Revenue
- $402.5k
- Investments
- $7.1m
- Employees
- 0
- Location
- Plymouth, MA
- Founding
- 05/1977
- Data as of
- 12/2023
- EIN
- 04-6382377
Organization Overview
Mary Elizabeth Pearce Foundation Tr is located in Plymouth, MA. The organization was established in 1977. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mary Elizabeth Pearce Foundation Tr 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, Mary Elizabeth Pearce Foundation Tr generated $402.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.3%) each year. All expenses for the organization totaled $940.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mary Elizabeth Pearce Foundation Tr has awarded 89 individual grants totaling $5,409,886. 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 |
|---|---|---|---|
Nathan N Withington Trustee | 1 | $0 | |
Meghan Knight Trustee | 0.5 | $4,000 | |
Heather W Ward Trustee | 7 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $431,559 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$29,057 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $402,502 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,129 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $666 |
| Total operating and administrative expenses | $15,259 |
| Contributions, gifts, grants paid | $925,000 |
| Total expenses and disbursements | $940,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,903,772 |
| 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 | $8,990,908 |
| 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, Mary Elizabeth Pearce Foundation Tr has awarded $925,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BID PLYMOUTH FAMILY FUND PURPOSE: GENERAL SUPPORT | $30,000 |
PLIMOTH PATUXET MUSEUMS PURPOSE: GENERAL SUPPORT | $50,000 |
THE HOWLAND FUND INC PURPOSE: GENERAL SUPPORT | $250,000 |
BLACK FEATHER HORSE RESCUE PURPOSE: GENERAL SUPPORT | $30,000 |
FORGES FOUNDATION PURPOSE: GENERAL SUPPORT | $250,000 |
KENYON COLLEGE PURPOSE: GENERAL SUPPORT | $10,000 |