Suffolk Cares Charitable Foundation Inc
- Assets
- $3.3m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/2006
- Data as of
- 08/2023
- EIN
- 20-5409073
Organization Overview
Suffolk Cares Charitable Foundation Inc is located in Boston, MA. The organization was established in 2006. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suffolk Cares Charitable 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 08/2023, Suffolk Cares Charitable Foundation Inc generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $4.0m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Suffolk Cares Charitable Foundation Inc has awarded 664 individual grants totaling $24,917,915. 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
SUFFOLK CARES CHARITABLE FOUNDATION, INC. PROVIDES FINANCIAL SUPPORT AND ELECTS TO SPONSOR SEVERAL CHARITABLE, CIVIC, EDUCATIONAL, HEALTHCARE, ARTS AND CULTURAL ORGANIZATIONS NATIONWIDE. THROUGH FINANCIAL GIVING, THE ORGANIZATION STRIVES TO STRENGTHEN THE NUMEROUS NON-PROFITS THAT CREATE THE FABRIC OF OUR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John F Fish President | 3 | $0 | |
Puneet Mahajan Treasurer | 1 | $0 | |
Jay Tangney Clerk | 1 | $0 | |
Brad Brown Director | 0 | $0 | |
Nick Dhimitri Director | 13 | $0 | |
Ralph Esposito Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,044,732 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,044,732 |
| 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 | $3,847 |
| Total operating and administrative expenses | $42,515 |
| Contributions, gifts, grants paid | $3,936,761 |
| Total expenses and disbursements | $3,979,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $868 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $3,278,723 |
| 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 | $3,279,591 |
| Accounts payable and accrued expenses | $164,168 |
| Grants payable | $3,231,610 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $868 |
| Total liabilities | $3,396,646 |
Grants Awarded
Over the last fiscal year, Suffolk Cares Charitable Foundation Inc has awarded $3,448,583 in support to 101 organizations.
| Grant Recipient | Amount |
|---|---|
ACE MENTOR LOS ANGLES METROPOLITAN AREA INC PURPOSE: CHARITABLE DONATION FOR THE ORGANIZATION'S GENERAL PURPOSE | $8,500 |
ADAMS PRESIDENTIAL CENTER AND FOUNDATION PURPOSE: CHARITABLE DONATION FOR THE ORGANIZATION'S GENERAL PURPOSE | $5,000 |
ADOPT-A-STUDENT FOUNDATION PURPOSE: CHARITABLE DONATION FOR THE ORGANIZATION'S GENERAL PURPOSE | $5,000 |
ACE MENTOR PROGRAM OF GREATER NEW YORK INC PURPOSE: CHARITABLE DONATION FOR THE ORGANIZATION'S GENERAL PURPOSE | $10,050 |
AMERICAN DIABETES ASSOCIATION PURPOSE: CHARITABLE DONATION FOR THE ORGANIZATION'S GENERAL PURPOSE | $12,500 |
ARTHRITIS FOUNDATION PURPOSE: CHARITABLE DONATION FOR THE ORGANIZATION'S GENERAL PURPOSE | $10,000 |