Cedar Tree Foundation Inc
- Assets
- $119.9m
- Revenue
- $12.6m
- Investments
- $116.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/2005
- Data as of
- 12/2021
- 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 12/2021, Cedar Tree Foundation Inc generated $12.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $11.2m during the year ending 12/2021. While expenses have increased by 12.2% per year over the past 4 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 2020, Cedar Tree Foundation Inc has awarded 279 individual grants totaling $31,334,291. 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 |
|---|---|---|---|
Sophia Kolehmainen Executive Director | 40 | $188,249 | |
Debra Moniz Director Finance & A | 40 | $161,410 | |
Greg Horner Senior Program Offic | 30 | $87,343 | |
Dana Campion Grants Manager | 40 | $75,859 | |
Rachel Alternative Treasurer | 10 | $10,500 | |
Jennifer L Smith Board Member | 10 | $8,500 |
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 | $10,668 |
| Dividends & Interest | $1,330,945 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,223,291 |
| Capital Gain Net Income | $11,835,285 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,564,904 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $231,249 |
| Other employee salaries and wages | $246,022 |
| Pension plans, employee benefits | $190,656 |
| Interest | $0 |
| Taxes | $192,651 |
| Depreciation | $4,162 |
| Occupancy | $170,606 |
| Travel, conferences, and meetings | $2,896 |
| Printing and publications | $0 |
| Other expenses | $673,467 |
| Total operating and administrative expenses | $2,558,861 |
| Contributions, gifts, grants paid | $8,666,323 |
| Total expenses and disbursements | $11,225,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,771,364 |
| 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 | $76,413 |
| Net Investments - land, buildings, equipment | $525,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $27,010,646 |
| Net Land, buildings, and equipment | $4,665 |
| Other assets | $165,882 |
| Total assets | $119,892,393 |
| Accounts payable and accrued expenses | $775,309 |
| Grants payable | $10,689,738 |
| 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 | $11,465,047 |
Grants Awarded
Over the last fiscal year, Cedar Tree Foundation Inc has awarded $11,455,808 in support to 128 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: PROJECT SUPPORT FOR SMITH FELLOWS PROGRAM | $1,472,498 |
ALTERNATIVE FOUNDATION PURPOSE: PROJECT SUPPORT FOR ACTIVITIES WITHIN THE HISTORIC PRACTICES OF THE CEDAR TREE FOUNDATION, INCLUDING INITIATIVES PRIMARILY FOCUSED ON THE ENVIRONMENT | $500,000 |
Ames, IA PURPOSE: PROJECT SUPPORT FOR PROMOTING REGENERATIVE GRAZING | $350,000 |
New York, NY PURPOSE: PROJECT SUPPORT FOR THE AUDUBON CONSERVATION RANCHING PROGRAM | $275,000 |
Oakland, CA PURPOSE: PROJECT SUPPORT FOR CHILDREN'S ENVIRONMENTAL HEALTH | $250,000 |
Portland, ME PURPOSE: GENERAL SUPPORT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gray Foundation Cohoes, NY | $79,676,216 | $85,340,733 |
Liberty Mutual Foundation Inc Boston, MA | $40,383,671 | $39,283,240 |
Tl Foundation Suffern, NY | $597,015 | $24,643,909 |
Park Foundation Inc Ithaca, NY | $505,545,130 | $75,092,084 |
The Nathan Cummings Foundation Inc New York, NY | $538,275,709 | $724,216 |
Donald A Pels Charitable Tr 081892 Harrison, NY | $318,380,585 | $19,080,873 |
Fisher Koch Family Foundation Inc New York, NY | $18,346,148 | $55,675,398 |
One Tree Planted Inc Shelburne, VT | $46,452,599 | $64,092,797 |
Mercer Family Foundation Waltham, MA | $54,165,721 | $38,341,516 |
Brooks Family Foundation Boston, MA | $0 | $26,552,695 |
Stephen A Schwarzman Education Foundation New York, NY | $9,777,313 | $26,526,711 |
King Street Charitable Tr New York, NY | $21,156,424 | $2,759,208 |