The Owens Family Foundation
- Assets
- $34.4m
- Revenue
- $2.0m
- Investments
- $2.6m
- Employees
- 0
- Location
- Norwell, MA
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 31-6652818
Organization Overview
The Owens Family Foundation is located in Norwell, MA. The organization was established in 2001. 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. Owens Family 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, Owens Family Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Owens Family Foundation has awarded 88 individual grants totaling $17,201,275. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward P Owens Trustee | 25 | $0 | |
Linda B Owens Trustee | 2 | $0 | |
John E Owens Trustee | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $176,526 |
| Interest on Savings | $0 |
| Dividends & Interest | $662,142 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,155,043 |
| Capital Gain Net Income | $1,155,043 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,993,711 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58,152 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $582 |
| Total operating and administrative expenses | $62,414 |
| Contributions, gifts, grants paid | $2,219,200 |
| Total expenses and disbursements | $2,281,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,801,590 |
| 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 | $34,351,973 |
| 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 Owens Family Foundation has awarded $2,219,200 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BUZZARDS BAY COALITION PURPOSE: UNRESTRICTED CONTRIBUTION | $10,000 |
FOCUSED ULTRASOUND FOUNDATION PURPOSE: UNRESTRICTED CONTRIBUTION | $25,000 |
HISTORIC NEW ENGLAND PURPOSE: UNRESTRICTED CONTRIBUTION | $10,000 |
MARINE BIOLOGICAL LAB PURPOSE: SCIENTIFIC RESEARCH | $389,000 |
MASS AUDUBON SACRED HEARTS PURPOSE: UNRESTRICTED CONTRIBTUION | $100,000 |
NVNA & HOSPICE PURPOSE: GERRY SANDERSON EDUCATION FUND | $100,000 |