Fledgling Fund
- Assets
- $5.6m
- Revenue
- $1.9m
- Investments
- $5.4m
- Employees
- 0
- Location
- Hyannis, MA
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 20-2450707
Organization Overview
Fledgling Fund is located in Hyannis, MA. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Fledgling Fund 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 12/2021, Fledgling Fund generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACUMEN FUND SUPPORTS SOCIAL ENTERPRISES THAT SERVE LOW INCOME INDIVIDUALS.
MIRACLE FEET PROVIDES ACCESS TO TREATMENT FOR CHILDREN WITH CLUBFOOT PHYSICAL DISABLITY.
ISLAND GROWN INITIATIVE SUPPORTS BUILDING REGENERATIVE AND EQUITABLE FOOD SYSTEMS.
THE EVERGLADES FOUNDATION, INC.WORKS TO RESTORE AND PROTECT AMERICA'S EVERGLADES THROUGH SCIENCE, ADVOCACY AND EDUCATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Barrett Pres., Dir., | 0 | $135,457 | |
Christopher Vila Dir., VP | 0 | $0 | |
Susannah Vila Dir., VP | 0 | $0 | |
Robert Vila Dir., Vp, Tr | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Trust | 12/30/20 | $92,671 |
Foundation Source | 12/30/20 | $60,038 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,595 |
| Dividends & Interest | $105,700 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,845,828 |
| Capital Gain Net Income | $2,321 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$22,651 |
| Total Revenue | $1,946,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $135,457 |
| Other employee salaries and wages | $65,000 |
| Pension plans, employee benefits | $15,683 |
| Interest | $0 |
| Taxes | $868 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $470 |
| Printing and publications | $0 |
| Other expenses | $9,183 |
| Total operating and administrative expenses | $226,661 |
| Contributions, gifts, grants paid | $851,395 |
| Total expenses and disbursements | $1,078,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $131,680 |
| 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 | $74,647 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $53,110 |
| Total assets | $5,609,826 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |