Garfield Foundation
- Assets
- $37.6m
- Revenue
- $2.2m
- Investments
- $36.2m
- Employees
- 0
- Location
- Marion, MA
- Founding
- 12/1980
- Data as of
- 12/2021
- EIN
- 22-2285358
Organization Overview
Garfield Foundation is located in Marion, MA. The organization was established in 1980. 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. Garfield 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 12/2021, Garfield Foundation generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Garfield Foundation has awarded 350 individual grants totaling $15,385,569. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
FUNDS RECEIVED ARE USED TO PAY ADMINISTRATION EXPENSES, AND THE BALANCE IS DISTRIBUTED TO QUALIFIED CHARITABLE ORGANIZATIONS UNDER THE INTERNAL RENVENUE CODE.THE ORGANIZATION'S PRIMARY ACITIVITY IS TO SUPPORT BY CONTRIBUTIONS, OTHER ORGANIZATIONS QUALIFYING FOR EXEMPTION UNDER 501(C)(3) OF THE INTERNAL REVENUW CODE. THE TRUSTEES CHOOSE THESE ORGANIZATIONS BASED UPON THEIR KNOWLEDGE OF THE ORGANIZATIOS' ACTIVITIES. NO CONTRIBUTIONS, GRANTS, GIFTS,LOANS ETC. ARE MADE TO INDIVIDUALS.
COLLABORATIVE NETWORK PROJECT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennie Curtis Excutive Director | 40 | $258,857 | |
Ruth E Rominger Info & Ntwk Design D | 40 | $226,066 | |
Eleni L Sotos Program Officer | 40 | $186,720 | |
Jennifer Berman Training & Partnersh | 40 | $180,221 | |
Jessica Conrad Prog. Coordinator, C | 40 | $142,849 | |
Bina Garfield Vice President/trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baldwin Brothers | 12/30/21 | $180,998 |
Lowenstein & Sandler | 12/30/21 | $100,455 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $510,739 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,683,423 |
| Capital Gain Net Income | $1,727,653 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,657 |
| Total Revenue | $2,214,819 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,037,120 |
| Pension plans, employee benefits | $202,713 |
| Interest | $0 |
| Taxes | $87,878 |
| Depreciation | $0 |
| Occupancy | $38,794 |
| Travel, conferences, and meetings | $11,440 |
| Printing and publications | $0 |
| Other expenses | $41,602 |
| Total operating and administrative expenses | $1,795,102 |
| Contributions, gifts, grants paid | $1,376,574 |
| Total expenses and disbursements | $3,171,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,854 |
| Savings and temporary cash investments | $694,123 |
| Net Accounts receivable | $10,357 |
| Net Pledges Receivable | $394,733 |
| 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 | $6,215,594 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,410 |
| Total assets | $37,628,299 |
| Accounts payable and accrued expenses | $123,083 |
| 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 | $257,158 |
| Total liabilities | $380,241 |
Grants Awarded
Over the last fiscal year, Garfield Foundation has awarded $1,376,574 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: EXEMPT PURPOSES | $400,000 |
CAROLD INSTITUTE THE PURPOSE: EXEMPT PURPOSES | $155,000 |
LABOR INSTITUTE THE PURPOSE: EXEMPT PURPOSES | $75,250 |
Oakland, CA PURPOSE: EXEMPT PURPOSES | $75,000 |
Washington, DC PURPOSE: EXEMPT PURPOSES | $64,500 |
WORLDLINK PURPOSE: EXEMPT PURPOSES | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |