Adelard A & Valeda Lea Roy Foundation
- Assets
- $4.7m
- Revenue
- $363.2k
- Investments
- $4.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1991
- Data as of
- 12/2022
- EIN
- 04-6652923
Organization Overview
Adelard A & Valeda Lea Roy Foundation is located in Boston, MA. The organization was established in 1991. 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. Adelard A & Valeda Lea Roy 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 12/2022, Adelard A & Valeda Lea Roy Foundation generated $363.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $584.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Adelard A & Valeda Lea Roy Foundation has awarded 326 individual grants totaling $1,597,400. 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 Dr Nancy S Smith Trustee | 2.5 | $15,000 | |
Elizabeth M Fisher Trustee | 1 | $7,500 | |
Michael J Puzo Trustee | 2.5 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,758 |
| Dividends & Interest | $326,289 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,197 |
| Capital Gain Net Income | $35,197 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $363,244 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,153 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $973 |
| Total operating and administrative expenses | $74,706 |
| Contributions, gifts, grants paid | $509,900 |
| Total expenses and disbursements | $584,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $580,391 |
| 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 | $1,847,262 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,674,134 |
| 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, Adelard A & Valeda Lea Roy Foundation has awarded $509,900 in support to 111 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITIES DANCE INCORPORATED PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
ACTON WAKEFIELD WATERSHEDS ALLIANCE INC PURPOSE: COMMUNITY OUTREACH PROGRAM | $9,000 |
APPALACHIAN MOUNTAIN CLUB PURPOSE: CITIZEN-MONITORED CLIMATE CHANGE INDICATORS PROJECT | $9,000 |
ALL DORCHESTER SPORTS AND LEADERSHIP INC PURPOSE: AFTERSCHOOL AND OUT OF SCHOOL ENRICHMENT AND HEALTHY EATING PROGRAM | $4,000 |
ALRAY TAYLOR SECOND CHANCE SCHOLARSHIP FUND CORPORATION PURPOSE: MENTOR TRAINING AND SUPPORT | $3,500 |
ARTS IN REACH-ENCOURAGING GROWTH THROUGH THE ARTS PURPOSE: PROGRAM SUPPORT | $4,000 |