Invest In Others Charitablefoundation Inc

Organization Overview

Invest In Others Charitablefoundation Inc is located in Andover, MA. The organization was established in 2007. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Invest In Others Charitablefoundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Invest In Others Charitablefoundation 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 12/2021, Invest In Others Charitablefoundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 9.5% 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, Invest In Others Charitablefoundation Inc has awarded 143 individual grants totaling $2,752,690. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO AMPLIFY THE CHARITABLE WORK OF FINANCIAL ADVISORS, EMPLOYEES, AND THEIR FIRMS, AND TO SERVE AS A CATALYST TO CHANNEL PHILANTHROPY AND VOLUNTEERISM TO WHERE IT IS NEEDED MOST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE INVEST IN OTHERS AWARDS PROGRAM (THE PROGRAM) RECOGNIZES THE PHILANTHROPIC ACHIEVEMENTS OF FINANCIAL ADVISORS AND FINANCIAL SERVICES FIRMS IN COMMUNITIES ACROSS THE COUNTRY AND AROUND THE WORLD. FINANCIAL ADVISORS ARE NOMINATED FOR ONE OF THE FOLLOWING FIVE AWARDS: CATALYST, COMMUNITY SERVICE, EMERGING IMPACT, VOLUNTEER OF THE YEAR, AND LIFETIME ACHIEVEMENT. ADVISOR FINALISTS AND WINNERS RECEIVE A DONATION TO THEIR DESIGNATED CHARITIES; FINALISTS RECEIVE $20,000, WINNERS RECEIVE $50,000, AND THE LIFETIME ACHIEVEMENT AWARD WINNER RECEIVES $75,000. AWARDS ARE PRESENTED AT THE ANNUAL GALA EACH FALL.INVEST IN OTHERS GRANT PROGRAMS, INCLUDING GRANTS FOR GOOD AND GRANTS FOR CHANGE, PROVIDE AN OPPORTUNITY FOR EMPLOYEES OF THE FINANCIAL SERVICES INDUSTRY TO SECURE FUNDING FOR SPECIFIC PROGRAMS OR PROJECTS ON BEHALF OF NONPROFITS THAT THEY SUPPORT. GRANT AWARDS RANGE FROM $5,000 TO $25,000 AND ARE DISTRIBUTED THROUGHOUT THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Megan Mcauley
President/executive Direct
$279,233
Gregory Maynard
Director Of Development
$125,570
Jessica Dunham
Program Manager
$101,446
John P Hyland
Vice Chair
$0
Kate Healy
Clerk
$0
Mark Goldberg
Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$87,820
Related organizations$0
Government grants $71,300
All other contributions, gifts, grants, and similar amounts not included above$1,942,369
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,101,489
Total Program Service Revenue$0
Investment income $69,326
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $102,981
Net Income from Fundraising Events -$10,927
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,262,869

Grants Awarded

Over the last fiscal year, Invest In Others Charitablefoundation Inc has awarded $852,000 in support to 36 organizations.

Grant RecipientAmount

COOLEYS ANEMIA FOUNDATION INC

Org PageRecipient Profile

New York, NY

PURPOSE: AWARD WINNER

$75,000

AUDITORY-VERBAL CENTER INC

Org PageRecipient Profile

Atlanta, GA

PURPOSE: AWARD WINNER

$50,000

Lanham, MD

PURPOSE: AWARD WINNER

$50,000

HELPING HANDS FOR SINGLE MOMS DALLAS

PURPOSE: AWARD WINNER

$50,000

KNEAD COMMUNITY CAFE

Org PageRecipient Profile

New Kensington, PA

PURPOSE: GRAB N GO WEEKLY

$40,000

New York, NY

PURPOSE: THE STEAM CITY OF WOMEN LEADERSHIP DEVELOPMENT

$27,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Invest In Others Charitablefoundation Inc has recieved totaling $54,143.

Awarding OrganizationAmount
Impactassets Inc

Bethesda, MD

PURPOSE: GENERAL SUPPORT

$25,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$16,603
Forst Foundation

Fort Washington, PA

PURPOSE: OPERATING SUPPORT

$12,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$40
View Grant Recipient Profile

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