August Foundation Inc
- Assets
- $1.1m
- Revenue
- $64.9k
- Investments
- $991.7k
- Employees
- 0
- Location
- Somerville, MA
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 39-2010073
Organization Overview
August Foundation Inc is located in Somerville, MA. The organization was established in 2001. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. August Foundation 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 12/2023, August Foundation Inc generated $64.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $59.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, August Foundation Inc has awarded 204 individual grants totaling $470,360. 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 |
|---|---|---|---|
Julie Gruber Worzala President | 0.5 | $0 | |
David Worzala Treasurer | 0.1 | $0 | |
Peter Worzala Secretary | 0.1 | $0 | |
Matthew Worzala Vice President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,480 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,427 |
| Capital Gain Net Income | $44,427 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $64,907 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $106 |
| Total operating and administrative expenses | $9,756 |
| Contributions, gifts, grants paid | $49,500 |
| Total expenses and disbursements | $59,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,047 |
| Savings and temporary cash investments | $22,283 |
| 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 | $991,689 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,066,019 |
| 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, August Foundation Inc has awarded $49,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
CAMBRIDGE HEALTH ALLIANCE FOUNDATION PURPOSE: HEALTH SERVICES | $5,000 |
ACCESS COMMUNITY HEALTH CENTERS PURPOSE: PROVISION OF COMMUNITY BASED, LOW INCOME HEALTH CARE | $5,000 |
BEST BUDDIES INTERNATIONAL PURPOSE: SUPPORT FOR PEOPLE WITH DISABILITIES | $2,500 |
BOSTON ATHENAEUM PURPOSE: LIBRARY SUPPORT | $1,000 |
BUNKER HILL COMMUNITY COLLEGE FOUNDATION INC PURPOSE: GENERAL FUND AND HUNGER ASSISTANCE FUND | $1,000 |
CROSSROADS FOR KIDS PURPOSE: SUMMER CAMP FOR AT-RISK CHILDREN | $1,000 |