Nbt Ii Foundation
- Assets
- $10.2m
- Revenue
- $652.5k
- Investments
- $10.0m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 56-2341579
Organization Overview
Nbt Ii Foundation is located in Boston, MA. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Nbt Ii 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, Nbt Ii Foundation generated $652.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $946.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Nbt Ii Foundation has awarded 160 individual grants totaling $6,705,700. 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 |
|---|---|---|---|
Richard K Nichols See Footnote Trustee | 2 | $82,948 | |
Joseph A Wheelock III Trustee | 2 | $0 | |
Andronica Stanley-Wheelock Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $302,063 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $350,414 |
| Capital Gain Net Income | $350,414 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $652,477 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $82,948 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $393 |
| Total operating and administrative expenses | $131,034 |
| Contributions, gifts, grants paid | $815,000 |
| Total expenses and disbursements | $946,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $194,518 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,210,652 |
| 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, Nbt Ii Foundation has awarded $815,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
THE FOOD PROJECT PURPOSE: SUPPORT YOUTH LEADERSHIP | $35,000 |
HYDE SQUARE TASK FORCE PURPOSE: GENERAL SUPPORT | $45,000 |
BIKES NOT BOMBS PURPOSE: YOUTH PATHWAYS PROGRAMS | $25,000 |
COURAGEOUS SAILING CENTER FOR PURPOSE: STEPS TO LEAD PROGRAM | $50,000 |
YEAR UP GREATER BOSTON PURPOSE: GENERAL SUPPORT | $40,000 |
ZUMIX PURPOSE: GENERAL SUPPORT | $35,000 |