Fels Family Foundation
- Assets
- $23.3m
- Revenue
- $1.9m
- Investments
- $22.4m
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 20-0477156
Organization Overview
Fels Family Foundation is located in Worcester, MA. The organization was established in 2004. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fels Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Fels Family Foundation has awarded 263 individual grants totaling $4,199,864. 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 |
|---|---|---|---|
Gerald Fels Trustee | 10 | $0 | |
Marilyn Fels Trustee | 2 | $0 | |
Laura Green Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,996 |
| Dividends & Interest | $1,122,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $745,903 |
| Capital Gain Net Income | $745,903 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,870,817 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,065 |
| Contributions, gifts, grants paid | $1,210,114 |
| Total expenses and disbursements | $1,236,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $850,039 |
| 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 | $19,006,349 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,260,018 |
| 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, Fels Family Foundation has awarded $1,210,114 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ST ANDREW BOBOLA CHURCH PURPOSE: GENERAL | $15,700 |
STERLING ANIMAL SHELTER PURPOSE: GENERAL | $2,500 |
BAYPATH HUMANE SOCIETY PURPOSE: GENERAL | $21,750 |
PARTNERS IN CHARITY PURPOSE: GENERAL | $10,000 |
DCE FOUNDATION PURPOSE: GENERAL | $2,000 |
WORCESTER COUNTY FOOD BANK PURPOSE: GENERAL | $10,000 |