Fresh Sound Foundation Inc
- Assets
- $0.0
- Revenue
- $806.1k
- Investments
- $6.3m
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 04/1996
- Data as of
- 12/2020
- EIN
- 06-1428363
Organization Overview
Fresh Sound Foundation Inc is located in Cambridge, MA. The organization was established in 1996. According to its NTEE Classification (T30) the organization is classified as: Public 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. Fresh Sound Foundation Inc 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, Fresh Sound Foundation Inc generated $806.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.1m during the year ending 12/2020. While expenses have increased by 4.9% per year over the past 6 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 2014, Fresh Sound Foundation Inc has awarded 231 individual grants totaling $4,989,900. 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 |
|---|---|---|---|
S Jeffrey Burt Trustee | 2 | $0 | |
John F Burt Trustee | 2 | $0 | |
Laurie Burt Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,836 |
| Interest on Savings | $55,069 |
| Dividends & Interest | $142,074 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,514 |
| Total Revenue | $806,137 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $166,681 |
| Contributions, gifts, grants paid | $936,000 |
| Total expenses and disbursements | $1,102,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $764,286 |
| Investments—mortgage loans | $0 |
| Investments—other | $309,420 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fresh Sound Foundation Inc has awarded $699,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: EDUCATIONAL | $75,000 |
FAIR COUNT INC PURPOSE: EDUCATIONAL | $50,000 |
Montgomery, AL PURPOSE: EDUCATIONAL | $50,000 |
Boston, MA PURPOSE: EDUCATIONAL | $50,000 |
NEW GEORGIA PROJECT PURPOSE: EDUCATIONAL | $50,000 |
NEW GEORGIA PROJECT PURPOSE: EDUCATIONAL | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |
Student Leadership Network Inc New York, NY | $11,626,545 | $12,224,104 |
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |