Cedar Tree Foundation Inc
- Assets
- $86.4m
- Revenue
- $4.1m
- Investments
- $82.0m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/2005
- Data as of
- 12/2022
- EIN
- 13-3601934
Organization Overview
Cedar Tree Foundation Inc is located in Boston, MA. The organization was established in 2005. 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. Cedar Tree 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 12/2022, Cedar Tree Foundation Inc generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $10.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cedar Tree Foundation Inc has awarded 424 individual grants totaling $44,950,496. 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 |
|---|---|---|---|
Joan M Smith President | 5 | $0 | |
Andrea L Smith Vice President | 5 | $8,000 | |
Kristin Leader Clerk | 5 | $8,000 | |
Rachel Alternative Treasurer | 5 | $10,500 | |
Jennifer L Smith Board Member | 5 | $8,500 | |
Jody Leader Board Member (until Nov. 2022) | 5 | $8,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mike Dombeck | 12/30/20 | $187,332 |
Cbiz Mhm Llc | 12/30/20 | $57,660 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,738 |
| Dividends & Interest | $1,364,220 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,706,014 |
| Capital Gain Net Income | $3,027,314 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,072,972 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $233,711 |
| Other employee salaries and wages | $257,444 |
| Pension plans, employee benefits | $198,730 |
| Interest | $0 |
| Taxes | $106,062 |
| Depreciation | $3,217 |
| Occupancy | $207,018 |
| Travel, conferences, and meetings | $13,910 |
| Printing and publications | $0 |
| Other expenses | $550,690 |
| Total operating and administrative expenses | $1,688,013 |
| Contributions, gifts, grants paid | $9,029,993 |
| Total expenses and disbursements | $10,718,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,829,673 |
| 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 | $513,141 |
| Net Investments - land, buildings, equipment | $525,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $24,587,086 |
| Net Land, buildings, and equipment | $5,900 |
| Other assets | $524,899 |
| Total assets | $86,446,972 |
| Accounts payable and accrued expenses | $659,439 |
| Grants payable | $12,109,703 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $431,702 |
| Total liabilities | $13,200,844 |
Grants Awarded
Over the last fiscal year, Cedar Tree Foundation Inc has awarded $13,616,205 in support to 145 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANCEMENT PROJECT EDUCATION FUND PURPOSE: GENERAL SUPPORT | $150,000 |
ALASKA COMMUNITY ACTION ON TOXINS PURPOSE: GENERAL SUPPORT | $125,000 |
ALDO LEOPOLD FOUNDATION PURPOSE: PROJECT SUPPORT OF THE FUTURE LEADERS FELLOWSHIP | $20,000 |
ALL IN ENERGY PURPOSE: GENERAL SUPPORT | $10,000 |
ALTERNATIVES FOR COMMUNITY AND ENVIRONMENT PURPOSE: GENERAL SUPPORT | $30,000 |
BARRE LIBRARY ASSOCIATION PURPOSE: PROJECT SUPPORT FOR REPATRIATION OF INDIGENOUS ARTIFACTS | $5,000 |