S Melvin Rines Foundation
- Assets
- $292.3k
- Revenue
- $37.6k
- Investments
- $292.3k
- Employees
- 0
- Location
- Arlington, MA
- Founding
- 03/1987
- Data as of
- 12/2022
- EIN
- 22-2781175
Organization Overview
S Melvin Rines Foundation is located in Arlington, MA. The organization was established in 1987. 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. S Melvin Rines 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, S Melvin Rines Foundation generated $37.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $47.1k during the year ending 12/2022. While expenses have increased by 1.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, S Melvin Rines Foundation has awarded 61 individual grants totaling $387,206. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S Melvin Rines Trustee | 0.5 | $0 | |
David M Rines Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,091 |
| 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 | $37,591 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $397 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $2,531 |
| Contributions, gifts, grants paid | $44,600 |
| Total expenses and disbursements | $47,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $292,296 |
| Accounts payable and accrued expenses | $2,600 |
| 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 | $8,527 |
| Total liabilities | $11,127 |
Grants Awarded
Over the last fiscal year, S Melvin Rines Foundation has awarded $44,600 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SAENGEFEST MEN'S CHORUS PURPOSE: GENERAL SUPPORT | $5,000 |
UNH FOUNDATION PURPOSE: UNRESTRICTED | $10,000 |
COASTAL MAINE BOTANICAL GARDENS PURPOSE: UNRESTRICTED USE FOR THE CHARITY'S PURPOSE. | $2,500 |
OTHER UNDER 1K PURPOSE: GENERAL SUPPORT | $3,600 |
ABOVE THE CLOUDS PURPOSE: UNRESTRICTED USE FOR THE CHARITY'S PURPOSE. | $5,000 |
DEVEREUX MASSACHUSETTS RHODE ISLAND PURPOSE: UNRESTRICTED USE FOR THE CHARITY'S PURPOSE. | $1,000 |