South Mountain Company Foundation
- Assets
- $23.3k
- Revenue
- $28.1k
- Investments
- $0.0
- Employees
- 0
- Location
- West Tisbury, MA
- Founding
- 01/2003
- Data as of
- 04/2022
- EIN
- 16-1628987
Organization Overview
South Mountain Company Foundation is located in West Tisbury, MA. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. South Mountain Company 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 04/2022, South Mountain Company Foundation generated $28.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $35.7k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, South Mountain Company Foundation has awarded 199 individual grants totaling $188,868. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTH MOUNTAIN COMPANY FOUNDATION WAS CREATED BY SOUTH MOUNTAIN COMPANY TO MAKE CHARITABLE DONATIONS IN A WAY THAT REFLECTS THE VALUES AND INTERESTS OF THE OWNERS AND EMPLOYEES OF SOUTH MOUNTAIN COMPANY. THE FOUNDATION IS ONE ASPECT OF OUR COMMITMENT TO OUR COMMUNITY AND TO SOCIAL CHANGE.THE FOUNDATION DISTRIBUTES THE MAJORITY OF FUNDS TO LOCAL ORGANIZATIONS, WITH A STRONG EMPHASIS ON AFFORDABLE HOUSING, LOCAL FOOD, AND RENEWABLE ENERGY. THE REMAINING FUNDS ARE DISTRIBUTED TO ORGANIZATIONS IN THE FOLLOWING CATEGORIES: CONSERVATION & ENVIRONMENT, SCHOOLS & CHILDREN, HEALTH & SOCIAL SERVICES, ARTS & CULTURE, AND GLOBAL POVERTY RELIEF. WE ALSO KEEP A SET-ASIDE FOR EMERGENCY DISASTER RELIEF EFFORTS. 39 GRANTS WERE DISTRIBUTED DURING THE 2021-2022 FISCAL YEAR.
MARTHA'S VINEYARD FELLOWSHIP PROGRAM: DURING 2021, THE ORGANIZATION ENTERED INTO A FISCAL SPONSORSHIP AGREEMENT WITH MARTHA'S VINEYARD CONSTRUCTION AND DEMOLITION WASTE PROJECT "THE PROJECT". SOUTH MOUNTAIN COMPANY FOUNDATION, THE "SPONSOR", RECEIVES CONTRIBUTIONS AND GIFTS EITHER FROM THE VISION FELLOWSHIP OR FROM OTHER SOURCES, IF AWARDED, TO BE USED FOR THE PROJECT. THE SPONSOR WILL DISTRIBUTE THOSE FUNDS TO OR ON BEHALF OF THE PROJECT. THE PROJECT FOCUSES ON THE CONSTRUCTION AND DEMOLITION WASTE (C&D WASTE) PORTION OF THE ISLAND'S WASTE STREAM. THE GOALS ARE TO QUANTIFY AND CATEGORIZE IT, EVALUATE PAST AND PRESENT PRACTICES OF HANDLING AND DISPOSAL, AND TO WORK WITH STAKEHOLDERS IN DEVELOPING PILOT PROGRAMS TO REDIRECT AS MUCH AS POSSIBLE OF THE C&D WASTE TO RECYCLING, REUSE, AND OTHER INNOVATIVE WAYS OF REDUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Abrams Trustee | 2 | $0 | |
Siobhan Mullin Trustee | 1 | $0 | |
Deirdre Bohan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $28,125 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,125 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $35 |
| Total operating and administrative expenses | $5,104 |
| Contributions, gifts, grants paid | $30,618 |
| Total expenses and disbursements | $35,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,334 |
| Savings and temporary cash investments | $0 |
| 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 | $23,334 |
| 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, South Mountain Company Foundation has awarded $30,618 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
West Tisbury, MA PURPOSE: SUPPORT HEALTH AND SOCIAL SERVICES | $6,000 |
Chilmark, MA PURPOSE: SUPPORT WORKFORCE DEVELOPMENT AND THE BILLY DILLON SCHOLARSHIP FUND | $6,000 |
ISLAND HOUSING TRUST PURPOSE: SUPPORT AFFORDABLE HOUSING | $3,583 |
Aquinnah, MA PURPOSE: SUPPORT SCHOOLS AND CHILDREN | $3,000 |
ISLAND FOOD PANTRY PURPOSE: SUPPORT HEALTH AND SOCIAL SERVICES | $1,550 |
WORLD CENTRAL KITCHEN PURPOSE: SUPPORT GLOBAL POVERTY RELIEF AND HUMAN RIGHTS - UKRAINE RELIEF | $1,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that South Mountain Company Foundation has recieved totaling $25,500.
| Awarding Organization | Amount |
|---|---|
Mv Vision Fellowship Fund Armonk, NY PURPOSE: GRANT FOR CONSTRUCTION & DEMOLITION WASTE PROJECT | $25,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |
Cullen Foundation Buffalo, NY | $115,865,929 | $16,357,498 |
Fiduciary Charitable Foundation Boston, MA | $117,480,981 | $103,573,534 |
Danoff Fam Private Charitable Foundation Tr Albany, NY | $116,755,274 | $33,799,667 |
Herbert Allen Foundation New York, NY | $9,223,512 | $1,023,254 |
Select Equity Group Foundation New York, NY | $25,414,802 | $25,600,265 |
Salem Foundation Providence, RI | $36,287,179 | $36,691,105 |
Mark And Anla Cheng Kingdon Fund New York, NY | $181,150,001 | $35,415,082 |
Arbella Insurance Foundation Inc Boston, MA | $24,058,916 | $7,386,813 |
John And Patricia Klingenstein Fund New York, NY | $121,264,191 | $78,254,052 |
Moodys Foundation New York, NY | $23,503,838 | $16,004,922 |