Millicent And Eugene Bell Foundation
- Assets
- $3.3m
- Revenue
- $719.5k
- Investments
- $3.2m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-3990463
Organization Overview
Millicent And Eugene Bell Foundation is located in Boston, MA. The organization was established in 2009. 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. Millicent And Eugene Bell 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 12/2021, Millicent And Eugene Bell Foundation generated $719.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Millicent And Eugene Bell Foundation has awarded 18 individual grants totaling $737,500. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ENGAGED IN DIRECT CHARTIABLE ACTIVITIES TO SUPPORT AND ADVANCE THE ARTS.
SHAME PRODUCTIONS LLC ENGAGED IN DIRECT CHARITABLE ACTIVITIES TO SUPPORT AND ADVANCE THE ARTS
SHELTER IN JOY LLC ENGAGED IN DIRECT CHARITABLE ACTIVITIES TO SUPPORT AND ADVANCE THE ARTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas P Jalkut Trustee | 2 | $0 | |
Margaret J Fofonoff Trustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nutter Mcclennen & Fish Llp | 12/30/21 | $54,521 |
Nutter Mcclennen & Fish Llp | 12/30/21 | $42,916 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $83,408 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $635,921 |
| Capital Gain Net Income | $629,060 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $147 |
| Total Revenue | $719,486 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $12,110 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,008,370 |
| Total operating and administrative expenses | $1,118,042 |
| Contributions, gifts, grants paid | $241,000 |
| Total expenses and disbursements | $1,359,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $154,021 |
| 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 | $780,557 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,348,445 |
| 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, Millicent And Eugene Bell Foundation has awarded $241,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL FUND | $125,000 |
New York, NY PURPOSE: GENERAL FUND | $25,000 |
WILLIAMSTOWN THEATER FESTIVAL PURPOSE: GENERAL FUND | $25,000 |
RED BULL THEATRE PURPOSE: GENERAL FUND | $25,000 |
Newport, RI PURPOSE: GENERAL FUND | $20,000 |
Woods Hole, MA PURPOSE: RENOVATE LILLIE AUDITORIUM | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |