Main Street Group Foundation Inc
- Assets
- $1.4m
- Revenue
- $122.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Marlborough, MA
- Founding
- 06/2005
- Data as of
- 10/2023
- EIN
- 20-1834861
Organization Overview
Main Street Group Foundation Inc is located in Marlborough, MA. The organization was established in 2005. 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. Main Street Group 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 10/2023, Main Street Group Foundation Inc generated $122.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 56.6% each year . All expenses for the organization totaled $177.5k during the year ending 10/2023. While expenses have increased by 43.7% per year over the past 7 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 2015, Main Street Group Foundation Inc has awarded 62 individual grants totaling $435,259. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Dorian President | 1 | $0 | |
Christopher Seidlich Director | 1 | $0 | |
Walter J Dwyer IV Director | 1 | $0 | |
Ruth Cavanagh Director | 1 | $0 | |
Jeff Tucker Director | 1 | $0 | |
Gretchen Herdrich Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,533 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,510 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $88,624 |
| Capital Gain Net Income | $88,624 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $122,667 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $188 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19 |
| Total operating and administrative expenses | $16,627 |
| Contributions, gifts, grants paid | $160,869 |
| Total expenses and disbursements | $177,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $244,554 |
| 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 | $1,443,082 |
| 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, Main Street Group Foundation Inc has awarded $160,869 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ADDICTIONS REFERRAL CENTER INC PURPOSE: ARC IS SEEKING FUNDING TO CONTINUE PROJECT B.R.A.V.E (BUILDING RECOVERY ACCESSIBILITY THROUGH VALIDATION AND HEALTH EQUITY). | $5,000 |
GROTON HILL MUSIC PURPOSE: THE CAMPAIGN FOR INDIAN HILL MUSIC - CORPORATE LEADERSHIP GROUP | $10,000 |
MARLBOROUGH PUBLIC LIBRARY FOUNDATION PURPOSE: CAPITAL CAMPAIGN | $27,000 |
NORTH STAR FAMILY SERVICES PURPOSE: NORTH STAR FAMILY SERVICES SEEKS SUPPORT IN FUNDING THEIR SHELTER OPERATIONS FOR THE YEAR. | $20,000 |
WORCESTER COMMON GROUND PURPOSE: THE ORGANIZATION REQUESTS SUPPORT TO FUND PROJECT COORDINATORS AND INTERNS AND CONTINUED WORK IN THE METROWEST REGION, CONNECTING HOUSING NON-PROFIT PARTNERS WITH CLEAN ENERGY SOLUTIONS. | $2,500 |
NEWVUE COMMUNITIES PURPOSE: 68 AFFORDABLE ARTIST-PREFERENCE APARTMENTS AT THE SITE OF THE NOW FORMER AND VACANT BF BROWN SCHOOL, HIGH SCHOOL ANNEX, AND FORMER FITCHBURG CITY STABLES | $10,000 |