Holt & Bugbee Foundation Inc
- Assets
- $301.5k
- Revenue
- $56.2k
- Investments
- $266.7k
- Employees
- 0
- Location
- Tewksbury, MA
- Founding
- 04/2005
- Data as of
- 12/2023
- EIN
- 20-0446975
Organization Overview
Holt & Bugbee Foundation Inc is located in Tewksbury, MA. The organization was established in 2005. 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. Holt & Bugbee 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 12/2023, Holt & Bugbee Foundation Inc generated $56.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $58.7k during the year ending 12/2023. While expenses have increased by 25.0% per year over the past 5 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 2019, Holt & Bugbee Foundation Inc has awarded 19 individual grants totaling $156,981. 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 |
|---|---|---|---|
Phillip T Pierce President And Director | 0.25 | $0 | |
Roger C Pierce Jr Treasurer And Director | 0.25 | $0 | |
Rebecca Pierce Clerk And Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,286 |
| Interest on Savings | $1,885 |
| Dividends & Interest | $7,081 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,937 |
| Capital Gain Net Income | $14,937 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,189 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $425 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $5,952 |
| Contributions, gifts, grants paid | $52,750 |
| Total expenses and disbursements | $58,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,754 |
| 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 | $301,456 |
| 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, Holt & Bugbee Foundation Inc has awarded $52,750 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PARTNERS IN CHILD DEVELOPMENT PURPOSE: OPERATING SUPPORT | $2,500 |
BREAD AND ROSES HERITAGE COMMITTEE INC PURPOSE: OPERATING SUPPORT | $5,250 |
UTEC INC PURPOSE: OPERATING SUPPORT | $10,000 |
NORTH BENNET STREET SCHOOL PURPOSE: OPERATING SUPPORT | $10,000 |
CHALLENGE UNLIMITED AT IRONSTONE FARM PURPOSE: OPERATING SUPPORT | $10,000 |
TEWKSBURY MEMORIAL HIGH CHOOL PURPOSE: SCHOLARSHIPS | $15,000 |