State Street Foundation Inc
- Assets
- $12.5m
- Revenue
- $25.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 56-2615567
Organization Overview
State Street Foundation Inc is located in Boston, MA. The organization was established in 2007. 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. State Street 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, State Street Foundation Inc generated $25.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $20.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
REFER TO PART XV SUPPLEMENTARY INFORMATION - GRANTS AND CONTRIBUTIONS PAID DURING THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Mcgrail Retired President (director) | 20 | $0 | |
Brian Kinney Treasurer (director) | 5 | $0 | |
Monica Franceschini Clerk (director) | 2 | $0 | |
Joan Christel Current President (director) | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
State Street Global Advisors Cam | 12/30/21 | $60,000 |
Root Cause Institute Inc | 12/30/21 | $154,165 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $100,130 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,040 |
| Total Revenue | $25,101,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $60,035 |
| Contributions, gifts, grants paid | $20,246,980 |
| Total expenses and disbursements | $20,307,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,888 |
| Savings and temporary cash investments | $12,204,714 |
| 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 | $12,509,602 |
| 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 |