Fletcher Foundation
- Assets
- $35.0m
- Revenue
- $301.0k
- Investments
- $33.2m
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 00/0000
- Data as of
- 12/2020
- EIN
- 04-6470890
Organization Overview
Fletcher Foundation is located in Worcester, MA. The organization was established in 0000. 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. Fletcher 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 12/2020, Fletcher Foundation generated $301.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Fletcher Foundation has awarded 446 individual grants totaling $16,215,037. 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 |
|---|---|---|---|
Allen W Fletcher Trustee/chai | 5 | $0 | |
Warner S Fletcher Ttee/treas/s | 5 | $0 | |
Mary F Fletcher Trustee | 1 | $0 | |
Andrew Fletcher Trustee | 1 | $0 | |
Ethan Fletcher Trustee | 1 | $0 | |
Justin Fletcher Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fletcher Tilton Pc | 12/30/22 | $360,000 |
Nixon Peabody | 12/30/22 | $51,778 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $189,107 |
| Interest on Savings | $5,375 |
| Dividends & Interest | $1,480,508 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,181,406 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$192,560 |
| Total Revenue | $301,024 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,682 |
| Taxes | $12,560 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55,745 |
| Total operating and administrative expenses | $458,756 |
| Contributions, gifts, grants paid | $2,246,548 |
| Total expenses and disbursements | $2,705,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,832,797 |
| 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 | $5,987,941 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $34,985,599 |
| 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, Fletcher Foundation has awarded $3,360,773 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS OF CENTRAL MASSA PURPOSE: SUPPORT OF DISASTER ASSISTANCE THIS | $15,000 |
APPALACHIAN MOUNTAIN CLUB PURPOSE: SUPPORT A CRITICAL CAPITAL NEED OF 2 | $5,000 |
ARTSWORCESTER PURPOSE: SUPPORT OPERATIONS IN FISCAL YEAR 20 | $9,000 |
ASCENTRIA CARE ALLIANCE PURPOSE: 2022 UNSOLICITED GRANTS (MARY FLETCH | $5,000 |
BANCROFT SCHOOL PURPOSE: 2022 UNSOLICITED GRANTS (MATT FLETCH | $5,000 |
BE LIKE BRIT FOUNDATION INC PURPOSE: UNSOLICITED ONE-TIME GRANT IN SUPPOR | $20,000 |