The Mpd Higgins Foundation
- Assets
- $1.6m
- Revenue
- $107.3k
- Investments
- $1.5m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 31-6651457
Organization Overview
The Mpd Higgins Foundation is located in Boston, MA. The organization was established in 2000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Mpd Higgins 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, Mpd Higgins Foundation generated $107.3k 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 (4.9%) each year. All expenses for the organization totaled $117.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mpd Higgins Foundation has awarded 74 individual grants totaling $279,250. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS TRUST MAKES GRANTS TO CHARITABLE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE IRC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milton P Higgins III Dec'd 4623 Trustee | 0 | $0 | |
Prentiss C Higgins Trustee | 0 | $0 | |
David D Higgins Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,515 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,774 |
| Capital Gain Net Income | $71,564 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $107,289 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,627 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,020 |
| Total operating and administrative expenses | $18,081 |
| Contributions, gifts, grants paid | $99,250 |
| Total expenses and disbursements | $117,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $127,396 |
| 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 | $541,042 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,629,606 |
| 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, The Mpd Higgins Foundation has awarded $99,250 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CIVITAS CITIZENS INC PURPOSE: GENERAL PURPOSE | $500 |
THE CORPORATION OF YADDO PURPOSE: GENERAL PURPOSE | $500 |
UMASS SCHOOL WORCESTER FND PURPOSE: GENERAL PURPOSE | $6,000 |
AUSTEN RIGGS CENTER PURPOSE: GENERAL PURPOSE | $1,000 |
COMMUNITY FOUNDATION OF PURPOSE: GENERAL PURPOSE | $17,500 |
COLORADO COLLEGE PURPOSE: GENERAL PURPOSE | $500 |