Hanscom Fcu Charitable Foundation Inc
- Assets
- $166.5k
- Revenue
- $292.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Littleton, MA
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 45-4352496
Organization Overview
Hanscom Fcu Charitable Foundation Inc is located in Littleton, MA. The organization was established in 2012. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Hanscom Fcu Charitable 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 12/2022, Hanscom Fcu Charitable Foundation Inc generated $292.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $323.5k during the year ending 12/2022. While expenses have increased by 19.8% per year over the past 8 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 2020, Hanscom Fcu Charitable Foundation Inc has awarded 30 individual grants totaling $1,298,645. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S FOCUS IS ON PROVIDING DONATIONS MARSHALING BOTH HUMAN AND FINANCIAL RESOURCES AND PROVIDING ASSISTANCE WHERE WE CAN DO THE MOST GOOD FOR THE COMMUNITY. THE FOUNDATION WILL DISTRIBUTE 100% OF PROCEEDS RECEIVED WITH NOTHING DEDUCTED FOR ADMIN EXPENSES. TIME & SERVICES ARE DONATED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISED MONEY FOR VETERAN PROGRAMS THROUGH A VARIETY OF FUNDRAISING ACTIVITIES
RAISED MONEY FOR CHILDREN'S HOSPITAL THROUGH A FUNDRAISING ACTIVITY
RAISED MONEY FOR AN EDUCATIONAL PROGRAM FOR UNDER-RESOURCE YOUNG PEOPLE THROUGH A VARIETY OF FUNDRAISING ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Potter COO | Officer | 1 | $0 |
Peter Rice Executive Director | Officer | 1 | $0 |
Laura Mooney Social Responsibility Manager | Officer | 15 | $0 |
Kimberly Houle Accountant | Officer | 5 | $0 |
John Broda Treasure Director | Trustee | 1 | $0 |
David Sprague Vice Chairman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $191 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,591 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $139,598 |
| Net Income from Gaming Activities | $73,975 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $323,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $323,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,540 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $166,540 |
| Accounts payable and accrued expenses | $5,900 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,900 |
| Net assets without donor restrictions | $160,640 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $166,540 |
Grants Awarded
Over the last fiscal year, Hanscom Fcu Charitable Foundation Inc has awarded $292,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Somerville, MA PURPOSE: Home Base Program | $150,000 |
Worcester, MA PURPOSE: Gala | $50,000 |
Boston, MA PURPOSE: Credit Union Kids @ Heart | $37,000 |
Boston, MA PURPOSE: InnoVets & Patriots Week | $25,000 |
CROSSROADS FOR KIDS INC PURPOSE: C5 Leadership Program | $20,000 |
Boston, MA PURPOSE: Legal Aid Program | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hanscom Fcu Charitable Foundation Inc has recieved totaling $83.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $83 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comic Relief Inc New York, NY | $28,941,799 | $35,831,552 |
Givinga Foundation Inc Wellesley, MA | $2,876,364 | $15,849,424 |
Justgive Inc Weston, CT | $5,012,575 | $11,301,311 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meringoff Family Foundation Inc New York, NY | $455,360 | $3,000,005 |