The Robert F Higgins Foundation
- Assets
- $6.7m
- Revenue
- $254.8k
- Investments
- $6.6m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 04-6906900
Organization Overview
The Robert F Higgins Foundation is located in Boston, MA. The organization was established in 2000. 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. Robert F Higgins 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, Robert F Higgins Foundation generated $254.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $489.1k during the year ending 12/2022. While expenses have increased by 5.5% 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 2016, Robert F Higgins Foundation has awarded 39 individual grants totaling $1,221,200. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $120 |
| Dividends & Interest | $157,917 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $90,315 |
| Capital Gain Net Income | $90,315 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,483 |
| Total Revenue | $254,835 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,893 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $86,562 |
| Contributions, gifts, grants paid | $402,500 |
| Total expenses and disbursements | $489,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,983 |
| 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 | $3,309,718 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,683,239 |
| 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, The Robert F Higgins Foundation has awarded $402,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF ARTS & SCIENCES PURPOSE: GENERAL | $100,000 |
MV YOUTH PURPOSE: GENERAL | $25,000 |
SHERIFF'S MEADOW FOUNDATION PURPOSE: GENERAL | $12,500 |
MALDEN CATHOLIC HIGH SCHOOL PURPOSE: GENERAL | $10,000 |
FESSENDEN SCHOOL PURPOSE: GENERAL | $250,000 |
HARVARD CATHOLIC CENTER PURPOSE: GENERAL | $5,000 |