Main Street Group Foundation Inc
- Assets
- $1.5m
- Revenue
- $186.3k
- Investments
- $1.4m
- Employees
- 0
- Location
- Marlborough, MA
- Founding
- 06/2005
- Data as of
- 10/2021
- 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 10/2021, Main Street Group Foundation Inc generated $186.3k in total revenue. All expenses for the organization totaled $127.2k during the year ending 10/2021. While expenses have increased by 55.4% 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 2015, Main Street Group Foundation Inc has awarded 25 individual grants totaling $138,140. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Musgrove Treasurer | 1 | $0 | |
Viktoriya Skuz Secretary | 1 | $0 | |
Ellen Dorian President | 1 | $0 | |
Walter J Dwyer IV Director | 1 | $0 | |
Ruth Cavanagh Director | 1 | $0 | |
Jeff Tucker Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,459 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,367 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $141,486 |
| Capital Gain Net Income | $141,486 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $186,312 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $621 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $19,040 |
| Contributions, gifts, grants paid | $108,140 |
| Total expenses and disbursements | $127,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,697 |
| 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 | $1,534,138 |
| 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 $108,140 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
MARLBOROUGH PUBLIC LIBRARY PURPOSE: CAPITAL CAMPAIGN | $27,000 |
Leominster, MA PURPOSE: FUND SHELTER OPERATION FOR HOMELESS FAMILY IN THE NORTH WORCESTER COUNTY AREA | $10,000 |
Littleton, MA PURPOSE: BUILDING CONSTRUCTION FUNDRAISING CAMPAIGN | $10,000 |
Groton, MA PURPOSE: THE CAMPAIGN FOR INDIAN HILL MUSIC - CORPORATE LEADERSHIP GROUP | $10,000 |
HABITAT FOR HUMANITY NORTH CENTRAL MASSACHUSETTS PURPOSE: CRITICAL HOME REPAIR HOME PRESERVATION PROGRAM FOR ECONOMICALLY DISTRESSED FAMILIES IN NORTH CENTRAL MASS. | $10,000 |
Marlborough, MA PURPOSE: FINANCIAL LITERACY PROGRAM | $8,140 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Social Finance Inc Boston, MA | $95,994,128 | $81,693,226 |
New York Womens Foundation New York, NY | $31,744,630 | $15,820,113 |
Fund For The Aged Inc New York, NY | $109,939,296 | $8,972,478 |
Sdsn Association Inc New York, NY | $10,017,542 | $13,246,367 |
Greater Ridgewood Youth Council Inc Ridgewood, NY | $6,525,051 | $8,713,714 |
Glasswing International Usa Inc New York, NY | $37,699,055 | $11,179,883 |
The Samberg Family Foundation Katonah, NY | $0 | $4,486,499 |
Single Stop Usa Inc New York, NY | $4,715,111 | $5,987,742 |
Malchus Foundation Brooklyn, NY | $24,956,883 | $30,497,983 |
The Disability Fund Inc Rockville Centre, NY | $63,283,408 | $4,939,746 |
Barrier Free Living Holding Inc Bronx, NY | $3,190,190 | $5,409,124 |
The Viscardi Center Inc Albertson, NY | $40,315,327 | $5,189,611 |