Meehan Foundation
- Assets
- $1.0m
- Revenue
- $241.3k
- Investments
- $1.0m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 04/1958
- Data as of
- 12/2021
- EIN
- 05-6015366
Organization Overview
Meehan Foundation is located in Providence, RI. The organization was established in 1958. 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. Meehan 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, Meehan Foundation generated $241.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $156.8k during the year ending 12/2021. While expenses have increased by 12.8% per year over the past 7 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 2015, Meehan Foundation has awarded 181 individual grants totaling $1,010,000. 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 |
|---|---|---|---|
Peter Hunt Trustee | 0 | $0 | |
Charles W Ransom Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,232 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,841 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,261 |
| Capital Gain Net Income | $90,414 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $241,334 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $873 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $2,273 |
| Contributions, gifts, grants paid | $154,500 |
| Total expenses and disbursements | $156,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,239 |
| 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 | $13,827 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $1,032,336 |
| 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, Meehan Foundation has awarded $154,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSROADS RI PURPOSE: SUPPORT WOMEN'S SHELTER | $15,000 |
R I COMMUNITY FOOD BANK PURPOSE: FEED RHODE ISLANDERS IN NEED | $15,000 |
PORTSMOUTH ABBEY SCHOOL PURPOSE: SUPPORT SCHOLARSHIP FUND | $15,000 |
Providence, RI PURPOSE: SUPPORT SOUP KITCHEN | $15,000 |
SALVATION ARMY PURPOSE: PROVIDING FOOD, CLOTHING, SHELTER, ETC TO THE RHODE ISLAND POOR | $10,000 |
RI COALITION AGAINST GUN VIOLENCE PURPOSE: SUPPORT GUN VIOLENCE EFFORTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Flatley Foundation Braintree, MA | $730,489,671 | $65,780,367 |
Iiegn Family Foundation Boston, MA | $7,705,932 | $1,021,594 |
Ge Foundation Norwalk, CT | $5,053,086 | $27,501,215 |
State Street Foundation Inc Boston, MA | $7,590,446 | $6,540 |
Edward C Johnson Fund Boston, MA | $418,919,628 | $48,451,859 |
Broad Reach Foundation Boston, MA | $154,449,873 | $51,427,992 |
Tjx Foundation Inc Framingham, MA | $84,142,448 | $26,109,203 |