Mattina R Proctor Foundation
- Assets
- $10.2m
- Revenue
- $287.9k
- Investments
- $10.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/1991
- Data as of
- 12/2023
- EIN
- 11-1067014
Organization Overview
Mattina R Proctor 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. Mattina R Proctor 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 12/2023, Mattina R Proctor Foundation generated $287.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mattina R Proctor Foundation has awarded 382 individual grants totaling $4,318,900. 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 |
|---|---|---|---|
Jeffrey D Hutchins Trustee | 10 | $60,417 | |
William I Hochberg Trustee | 10 | $60,417 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Broude & Hochberg Llp | 12/30/19 | $72,116 |
Broude & Hochberg Llp | 12/30/19 | $26,308 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,601 |
| Dividends & Interest | $370,478 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$138,395 |
| Capital Gain Net Income | $83,879 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53,215 |
| Total Revenue | $287,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,834 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,829 |
| Total operating and administrative expenses | $294,833 |
| Contributions, gifts, grants paid | $752,500 |
| Total expenses and disbursements | $1,047,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $103,433 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,234,274 |
| 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, Mattina R Proctor Foundation has awarded $752,500 in support to 72 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY MUSIC FOUNDATION INC PURPOSE: SUMMER SEA CHANGE QUARTETS 1&2 | $4,500 |
ALEX LEVASSEUR MEMORIAL FUND PURPOSE: IN SUPPORT OF ALL ACTIVITIES | $4,000 |
BELLFORGE ARTS CENTER PURPOSE: CAPITAL CAMPAIGN | $5,000 |
BERKLEE COLLEGE OF MUSIC PURPOSE: ALL ACTIVITES AT BOARD'S DISCRETION | $5,000 |
BERKLEE COLLEGE OF MUSIC PURPOSE: IN SUPPORT OF ALL ACTIVITES | $6,000 |
BLUE HILL CONCERT ASSOCIATION PURPOSE: FY23 ARTIST PERFORMANCE FEES | $2,500 |