United Bank Foundation Massachusetts Inc
- Assets
- $0.0
- Revenue
- $862.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 10/2006
- Data as of
- 12/2020
- EIN
- 20-3128745
Organization Overview
United Bank Foundation Massachusetts Inc is located in Springfield, MA. The organization was established in 2006. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2020, United Bank Foundation Massachusetts Inc generated $862.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.1%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, United Bank Foundation Massachusetts Inc has awarded 246 individual grants totaling $924,538. 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 |
|---|---|---|---|
Daniel Flynn President | 1 | $0 | |
Eric Newell Treasurer | 1 | $0 | |
Carol Moore Cutting Chair | 1 | $0 | |
Carol Leary Director | 1 | $0 | |
Robert A Stewart Jr Director | 1 | $0 | |
Paula Aiello Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $126,294 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $736,150 |
| Capital Gain Net Income | $736,150 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $862,444 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,467 |
| Contributions, gifts, grants paid | $3,914,199 |
| Total expenses and disbursements | $3,922,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, United Bank Foundation Massachusetts Inc has awarded $455,013 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
SPRINGFIELD NEIGHBORHOOD HOUSING PURPOSE: GRANT | $2,250 |
REVITALIZE COMMUNITY DEVELOPMENT CORP PURPOSE: GRANT | $5,000 |
COMMON CAPITAL PURPOSE: GRANT | $1,000 |
SPRINGFIELD RESCUE MISSION PURPOSE: GRANT | $2,000 |
SPIRIT OF SPRINGFIELD PURPOSE: GRANT | $2,500 |
UNIVERSITY OF MASSACHUSETTS PURPOSE: GRANT | $1,000 |