Atlas Foundation
- Assets
- $442.9k
- Revenue
- $3.6k
- Investments
- $442.8k
- Employees
- 0
- Location
- Needham, MA
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 22-3045728
Organization Overview
Atlas Foundation is located in Needham, MA. The organization was established in 0000. 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. Atlas 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, Atlas Foundation generated $3.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $4.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (31.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES CONSIST SOLELY OF MAKING GRANTS TO CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa J Drapkin Trustee | 0 | $0 | |
Jay Drapkin Trustee | 0 | $0 | |
Carolyn S Drapkin Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $3,600 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,000 |
| Contributions, gifts, grants paid | $3,600 |
| Total expenses and disbursements | $4,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68 |
| 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 | $100,000 |
| Investments—other | $342,829 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $442,897 |
| 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 | $343,715 |
| Total liabilities | $343,715 |
Grants Awarded
Over the last fiscal year, Atlas Foundation has awarded $3,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY SERVINGS PURPOSE: FURTHER THE PURPOSE | $100 |
JEWISH BIG BROTHER & BIG SISITER ASSOC PURPOSE: FURTHER THE PURPOSE | $500 |
MCLEAN HOSPITAL PURPOSE: FURTHER THE PURPOSE | $1,000 |
SCANDINAVIAN CHARITABLE PURPOSE: FURTHER THE PURPOSE | $2,000 |