Altamira Foundation
- Assets
- $16.4m
- Revenue
- $645.8k
- Investments
- $16.1m
- Employees
- 0
- Location
- Westwood, MA
- Founding
- 02/2007
- Data as of
- 12/2022
- EIN
- 20-7190733
Organization Overview
Altamira Foundation is located in Westwood, 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. Altamira 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, Altamira Foundation generated $645.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Altamira Foundation has awarded 166 individual grants totaling $3,874,403. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth L Abrams Trustee | 1 | $0 | |
Susan N Abrams Trustee | 1 | $0 | |
Jessica A Murray Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31 |
| Dividends & Interest | $462,095 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $183,700 |
| Capital Gain Net Income | $183,700 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $645,826 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $60,000 |
| Pension plans, employee benefits | $0 |
| Interest | $75 |
| Taxes | $22,207 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $154 |
| Total operating and administrative expenses | $220,962 |
| Contributions, gifts, grants paid | $939,850 |
| Total expenses and disbursements | $1,160,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $314,798 |
| 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 | $11,156,534 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,444,023 |
| 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, Altamira Foundation has awarded $939,850 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ALS THERAPY DEVELOPMENT INSTITUTE PURPOSE: CHARITABLE | $1,000 |
AUGUSTANA FUND PURPOSE: CHARITABLE | $50,000 |
CENTRAL HIGH SCHOOL SCHOLARSHIP PURPOSE: CHARITABLE | $80,000 |
FAMILY PROMISE METROWEST PURPOSE: CHARITABLE | $1,000 |
FRIENDS OF TJ2 ROBOTICS INC PURPOSE: CHARITABLE | $500 |
FRIENDS OF WESTWOOD PUBLIC LIBRARY PURPOSE: CHARITABLE | $1,000 |