The 1434 Foundation Inc
- Assets
- $67.5m
- Revenue
- $3.5m
- Investments
- $63.6m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/2015
- Data as of
- 12/2020
- EIN
- 47-2480352
Organization Overview
The 1434 Foundation Inc is located in Boston, MA. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. 1434 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 12/2020, 1434 Foundation Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $4.1m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, 1434 Foundation Inc has awarded 422 individual grants totaling $16,485,997. 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 |
|---|---|---|---|
Brianna Lawless Grants Program Offic | 40 | $121,000 | |
Charles Bent Operations Officer | 40 | $98,846 | |
Kyla Sullivan Arts Program Officer | 30 | $91,000 | |
Thomas P Cote Treasurer / Clerk / Director | 10 | $0 | |
Charles Anton Director | 10 | $0 | |
Fotene J Demoulas President / Director | 45 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ballentine Partners | 12/30/18 | $290,323 |
Fidelity | 12/30/18 | $34,581 |
Dicicco Gulman & Company | 12/30/18 | $24,698 |
Melinda Marble | 12/30/18 | $10,575 |
Davis Malm & D'agostine | 12/30/18 | $4,528 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,161,983 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,044,030 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,189,074 |
| Capital Gain Net Income | $1,911,206 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $145,737 |
| Total Revenue | $3,540,824 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $139,051 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $78,179 |
| Depreciation | $0 |
| Occupancy | $31,104 |
| Travel, conferences, and meetings | $4,659 |
| Printing and publications | $11,926 |
| Other expenses | $128,581 |
| Total operating and administrative expenses | $680,940 |
| Contributions, gifts, grants paid | $3,449,648 |
| Total expenses and disbursements | $4,130,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,921,527 |
| 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 | $12,116,779 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $67,482,865 |
| 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 | $44,277 |
| Total liabilities | $44,277 |
Grants Awarded
Over the last fiscal year, The 1434 Foundation Inc has awarded $3,149,713 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
STEPHEN PHILLIPS MEMORIAL PURPOSE: CHARITABLE | $229,900 |
Boston, MA PURPOSE: CHARITABLE | $125,000 |
ONE FAMILY INC PURPOSE: CHARITABLE | $120,000 |
CATIE'S CLOSET PURPOSE: CHARITABLE | $100,000 |
Dorchester, MA PURPOSE: CHARITABLE | $100,000 |
Roxbury, MA PURPOSE: CHARITABLE | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |