Xeric Incorporated
- Assets
- $3.8m
- Revenue
- $336.4k
- Investments
- $3.8m
- Employees
- 0
- Location
- Northampton, MA
- Founding
- 04/1992
- Data as of
- 09/2023
- EIN
- 22-3149258
Organization Overview
Xeric Incorporated is located in Northampton, MA. The organization was established in 1992. 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. Xeric Incorporated 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 09/2023, Xeric Incorporated generated $336.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $276.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Xeric Incorporated has awarded 165 individual grants totaling $1,704,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OFFERS ASSISTANCE TO 501(C)(3) CHARITIES FROM THE WESTERN MASSACHUSETTS, AREA CODE 413, AREA. GRANTS ARE USUALLY LIMITED TO $5,000 PER CHARITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter A Laird President | 2 | $0 | |
Christopher B Milne Vice President | 2 | $0 | |
Christopher B Milne Secretary/treasurer | 1 | $0 | |
Jeannine Atkins Executive Vice-President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $63 |
| Dividends & Interest | $110,705 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $225,634 |
| Capital Gain Net Income | $225,634 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $336,402 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,696 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $350 |
| Total operating and administrative expenses | $12,626 |
| Contributions, gifts, grants paid | $264,000 |
| Total expenses and disbursements | $276,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,473 |
| Savings and temporary cash investments | $68 |
| 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 | $3,782,932 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,814,473 |
| 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, Xeric Incorporated has awarded $264,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL REFUGE LEAGUE OF GREATER PORTLAND PURPOSE: GENERAL CONTRIBUTION | $10,000 |
AMERICAN CIVIL LIBERTIES UNION PURPOSE: GENERAL CONTRIBUTION | $15,000 |
CENTER FOR NEW AMERICANS PURPOSE: GENERAL CONTRIBUTION | $3,000 |
COOLEY DICKINSON HOSPITAL PURPOSE: GENERAL CONTRIBUTION | $20,000 |
DAKIN ANIMAL CENTER PURPOSE: GENERAL CONTRIBUTION | $5,000 |
JONES LIBRARY PURPOSE: GENERAL CONTRIBUTION | $2,000 |