Friends Of Mascoma Foundation
- Assets
- $448.1k
- Revenue
- $293.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Canaan, NH
- Founding
- 01/2015
- Data as of
- 12/2022
- EIN
- 47-2098479
Organization Overview
Friends Of Mascoma Foundation is located in Canaan, NH. The organization was established in 2015. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Friends Of Mascoma Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Mascoma 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, Friends Of Mascoma Foundation generated $293.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $265.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AND MAINTAIN A PHILANTHROPIC ORGANIZATION TO BENEFIT THE MASCOMA VALLEY REGIONAL SCHOOL DISTRICT. THE PURPOSE IS TO PROVIDE SUPPORT TO THE MASCOMA VALLEY REGIONAL SCHOOL DISTRICT ON SHORT-TERM AND LONG-TERM INITIATIVES THAT FOSTER EDUCATIONAL DEVELOPMENT AND NUTRITIONAL WELL-BEING FOR OUR STUDENTS AND THEIR FAMILIES. THE BENEFICIARIES OF THE FOUNDATION ARE THE SCHOOL FACILITIES, FACULTY, STUDENTS, AND THEIR FAMILIES WITHIN THE DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS FEEDING FRIENDS IS OUR PROGRAM TO ASSIST WITH FOOD INSECURITY AND NUTRITIONAL WELL-BEING IN MASCOMA VALLEY COMMUNITY. WE ARE AGENTS OF THE NEW HAMPSHIRE FOOD BANK AND THAT AFFORDS US THE OPPORTUNITIES TO PROVIDE NEEDED RESOURCES TO OUR THREE PANTRY LOCATIONS. WE HAVE TWO PUBLIC PANTRIES THAT OPERATE ONE DAY A WEEK EACH IN CANAAN AND ENFIELD. WE ARE THE PRIMARY SUPPLIER TO THE MASCOMA VALLEY REGIONAL HIGH SCHOOL PANTRY ANNEX THAT OFFERS SNACKS TO MIDDLE AND HIGH SCHOOL STUDENTS DURING THE SCHOOL DAYS AS WELL AS ITEMS STUDENTS CAN TAKE HOME IN BACKPACKS. WE SERVICE THE ELEMENTARY SCHOOLS LOCATED IN CANAAN AND ENFIELD FROM THE PANTRY IN EACH TOWN. IN 2022 WE DISTRIBUTED OVER 100940 POUNDS OF FOOD AND PERSONAL ITEMS. WE SERVED 242 UNIQUE HOUSEHOLDS IN THE MASCOMA VALLEY AND PROVIDED EMERGENCY ASSISTANCE TO ADDITIONAL HOUSEHOLDS. FOOD IS AVAILABLE FOR EMERGENCIES 24 HOURS A DAY THANKS TO OUR RELATIONSHIPS WITH TOWN HUMAN SERVICES DEPARTMENTS AND FIRST RESPONDERS.
OUR MINI-GRANT PROGRAM ENCOURAGES THE MASCOMA VALLEY REGIONAL SCHOOL DISTRICT STAFF TO THINK OUTSIDE THE BOX TO BRING IN CREATIVE ENRICHMENT PROJECTS AND FACILITATE WONDERFUL TEACHING IDEAS. WE AWARDED $3030.41 FOR PROJECTS LIKE AN OUTDOOR CLASSROOM AT OUR ENFIELD VILLAGE ELEMENTARY SCHOOL, EDUCATIONAL ENRICHMENT FIELDTRIPS.
THROUGH OUR SCHOLARSHIP PROGRAM WE AWARDED $21,000 TO 14 GRADUATING SENIORS IN 2022. WE DO OUR BEST TO PROMOTE OUR SCHOLARSHIPS AND NOTE THAT THEY ARE ALSO AVAILABLE FOR ALL KINDS OF POST SECONDARY EDUCATION SUCH AS CERTIFICATION SCHOOLS, TRADE AND TECH SCHOOLS AS WELL AS TRADITIONAL 2 & 4 YEAR COLLEGES. PREVIOUS SCHOLARSHIP AWARDEES CAN ALSO APPLY FOR ADDITIONAL MONEY UP TO THREE MORE TIMES. IN 2022, WE AWARDED $3073 IN THE FORM OF 6 SCHOLARSHIP RENEWALS. ALL APPLICATIONS ARE REVIEWED BY THE BOARD OF DIRECTORS AND VOTED ON IN AN ANONYMOUS MANNER ON AN ANNUAL BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Stewart Vice President End 6/28/22-Exec Dir Eff 6/29/22 | OfficerTrustee | 30 | $23,400 |
Eula Kozma Executive Director End 5/3/22 | Officer | 30 | $18,433 |
Holly West President End 12/31/21/trustee Eff 1/1/22 | OfficerTrustee | 5 | $0 |
Carolyn Cusick Treasurer End 1/1/22 | OfficerTrustee | 1 | $0 |
Elizabeth Murray Secretary | OfficerTrustee | 1 | $0 |
Matthew Dow Trustee/vice President Eff 7/5/22 | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $286,997 |
| Noncash contributions included in lines 1a–1f | $116,543 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $286,997 |
| Total Program Service Revenue | $0 |
| Investment income | $83 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $6,497 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,577 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,763 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,731 |
| Compensation of current officers, directors, key employees. | $4,273 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,950 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,425 |
| Advertising and promotion | $488 |
| Office expenses | $5,141 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,973 |
| 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 | $4,920 |
| Insurance | $2,012 |
| All other expenses | $0 |
| Total functional expenses | $265,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,918 |
| Savings and temporary cash investments | $129,983 |
| 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 | $0 |
| Net Land, buildings, and equipment | $8,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $448,101 |
| Accounts payable and accrued expenses | $3,454 |
| 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 | $3,454 |
| Net assets without donor restrictions | $444,647 |
| 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 | $448,101 |