Peoples United Community Foundation Of Eastern Massachusetts Inc
- Assets
- $15.0m
- Revenue
- $8.2m
- Investments
- $14.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 26-0814452
Organization Overview
Peoples United Community Foundation Of Eastern Massachusetts Inc is located in Wilmington, DE. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Peoples United Community Foundation Of Eastern Massachusetts 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 12/2021, Peoples United Community Foundation Of Eastern Massachusetts Inc generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 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, Peoples United Community Foundation Of Eastern Massachusetts Inc has awarded 712 individual grants totaling $5,691,344. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin T Bottomley Pres, Dir, Chair | 1 | $0 | |
Bruce Figueroa Dir | 1 | $0 | |
John Doucette Dir | 1 | $0 | |
Thomas Ford Clerk, Dir, Sec | 1 | $0 | |
Matt Hegarty Dir | 1 | $0 | |
Eleanor M Hersey Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $62,897 |
| Interest on Savings | $224 |
| Dividends & Interest | $425,286 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,708,422 |
| Capital Gain Net Income | $7,150,926 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,234 |
| Total Revenue | $8,201,063 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $50,318 |
| Pension plans, employee benefits | $12,579 |
| Interest | $0 |
| Taxes | $97,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,469 |
| Total operating and administrative expenses | $189,566 |
| Contributions, gifts, grants paid | $854,450 |
| Total expenses and disbursements | $1,044,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $965,079 |
| 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 | $15,026,720 |
| 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, Peoples United Community Foundation Of Eastern Massachusetts Inc has awarded $854,450 in support to 111 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOHN'S PREPARATORY SCHOOL PURPOSE: TRANSFORMATIONAL TUITION ASSISTANCE FOR MIDDLE INCOME FAMILIES SCHOLARSHIP FUND | $40,000 |
Boston, MA PURPOSE: GOODWILL . . . LOTS MORE TO ACCOMPLISH! CAPITAL CAMPAIGN | $25,000 |
Danvers, MA PURPOSE: ADVANCING DIGITAL EQUITY: A SYSTEMS PHILANTHROPY APPROACH TO ADDRESS THE DIGITAL DIVIDE IN ESSEX COUNTY | $25,000 |
Danvers, MA PURPOSE: BUILDING THE FUTURE STANDARD OF COMPASSIONATE CARE PROGRAM | $25,000 |
TOWN OF DANVERS PURPOSE: DANVERS HIGH SCHOOL ATHLETIC COMPLEX PROJECT | $25,000 |
Beverly, MA PURPOSE: CAMPUS WIRELESS ACCESS POINT UPGRADE FUND | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Living Legacy Foundation Wilmington, DE | $129,501,628 | $9,577,224 |
The Healey International Relief Foundation Inc Lumberton, NJ | $326,937 | $11,415,022 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |