August Foundation Inc
- Assets
- $1.1m
- Revenue
- $88.8k
- Investments
- $989.1k
- Employees
- 0
- Location
- Somerville, MA
- Founding
- 11/2001
- Data as of
- 12/2021
- 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 12/2021, August Foundation Inc generated $88.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $70.0k during the year ending 12/2021. While expenses have increased by 0.5% 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, August Foundation Inc has awarded 150 individual grants totaling $374,860. 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 |
|---|---|---|---|
Peter Worzala Secretary | 0.1 | $0 | |
Matthew Worzala Vice President | 0.1 | $0 | |
Julie Gruber Worzala President | 0.5 | $0 | |
David Worzala Treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,017 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,593 |
| Capital Gain Net Income | $65,593 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $179 |
| Total Revenue | $88,789 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $156 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84 |
| Total operating and administrative expenses | $10,959 |
| Contributions, gifts, grants paid | $59,000 |
| Total expenses and disbursements | $69,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,218 |
| Savings and temporary cash investments | $18,478 |
| 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 | $989,057 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,092,753 |
| 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 $59,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE BRADLEY SCHOOL PURPOSE: EDUCATIONAL SUPPORT | $6,500 |
FIDELITY CHARITABLE GIFT FUND - HESTIA FUND BOSTON PURPOSE: EDUCATIONAL OPPORTUNITIES FOR WOMEN AND CHILDREN | $6,000 |
Madison, WI PURPOSE: PROVISION OF COMMUNITY BASED, LOW INCOME HEALTH CARE | $5,000 |
Lowell, MA PURPOSE: EMERGENCY FOOD AID | $5,000 |
GREATER BOSTON FOOD BANK PURPOSE: EMERGENCY FOOD AID | $5,000 |
ALDO LEOPOLD NATURE CENTER PURPOSE: NATURE EDUCATION PROGRAMMING | $3,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |
Music Performance Trust Fund New York, NY | $10,128,887 | $4,587,841 |
Aba Pathways Inc Monroe, NY | $523,879 | $2,142,341 |
Slomo And Cindy Silvian Foundation Inc Melville, NY | $39,807,745 | $2,244,473 |
American Theatre Wing Inc New York, NY | $14,927,414 | $2,894,134 |
Town Hall Foundation Inc New York, NY | $8,596,190 | $2,221,507 |
Public Art Fund Inc New York, NY | $9,627,066 | $4,378,132 |