Copeland Family Foundation Inc
- Assets
- $42.7m
- Revenue
- $764.0k
- Investments
- $35.8m
- Employees
- 0
- Location
- Milton, MA
- Founding
- 12/1983
- Data as of
- 12/2023
- EIN
- 22-2474056
Organization Overview
Copeland Family Foundation Inc is located in Milton, MA. The organization was established in 1983. 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. Copeland Family 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 12/2023, Copeland Family Foundation Inc generated $764.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. 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 |
|---|---|---|---|
Martha Verdone President | 40 | $130,000 | |
John Tobin Treasurer | 40 | $136,050 | |
Joyce Tobin Clerk | 40 | $97,935 | |
Mary Gormley Director | 1 | $9,000 | |
George P Moran Director | 1 | $9,000 | |
Raymond G Pelissier Director | 1 | $9,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prw Associates Inc | 12/30/23 | $67,030 |
Leahy Cody & Odonnell Llc | 12/30/23 | $20,600 |
Paychex | 12/30/23 | $2,063 |
Cody Cody & Mccarthy | 12/30/23 | $5,575 |
Brown Brothers Harriman & Co | 12/30/23 | $89,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $739,190 |
| Net Rental Income | $14,400 |
| Net Gain on Sale of Assets | $10,392 |
| Capital Gain Net Income | $10,392 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $763,982 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $399,985 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,693 |
| Depreciation | $41,394 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175,921 |
| Total operating and administrative expenses | $852,336 |
| Contributions, gifts, grants paid | $1,715,000 |
| Total expenses and disbursements | $2,567,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,392,678 |
| 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 | $60,486 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,321,997 |
| Other assets | $2,131,391 |
| Total assets | $42,694,967 |
| Accounts payable and accrued expenses | $20,000 |
| 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 | $20,000 |