Oakhill Foundation
- Assets
- $12.0m
- Revenue
- $960.4k
- Investments
- $11.2m
- Employees
- 0
- Location
- Lincoln, MA
- Founding
- 04/2004
- Data as of
- 12/2022
- EIN
- 20-6021595
Organization Overview
Oakhill Foundation is located in Lincoln, MA. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Oakhill Foundation 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 12/2022, Oakhill Foundation generated $960.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $62.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Bertucci Trustee | 1 | $0 | |
Claire R Bertucci Trustee | 1 | $0 | |
David C Megan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $229,529 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $716,473 |
| Capital Gain Net Income | $716,473 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,434 |
| Total Revenue | $960,436 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44,806 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,000 |
| Total operating and administrative expenses | $62,773 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $62,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $818,570 |
| 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 | $11,151,981 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,970,551 |
| 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, Oakhill Foundation has awarded $1,930,682 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHDIOCESE OF BOSTON PURPOSE: CHARITABLE PURPOSES | $520,792 |
FIDELITY CHARITABLE GIFT FUND - BERTUCCI FAMILY FUND PURPOSE: CHARITABLE PURPOSES | $1,009,890 |
FIDELITY CHARITABLE GIFT FUND - BERTUCCI FAMILY FUND PURPOSE: CHARITABLE PURPOSES | $400,000 |