Mulberry Essence Foundation
- Assets
- $50.5m
- Revenue
- $4.3m
- Investments
- $42.1m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-2068389
Organization Overview
Mulberry Essence Foundation is located in Greenwich, CT. The organization was established in 2016. 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. Mulberry Essence 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, Mulberry Essence Foundation generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $6.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mulberry Essence Foundation has awarded 261 individual grants totaling $15,975,025. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $426,900 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,228,922 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,636,513 |
| Total Revenue | $4,292,335 |
| 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 | $18,274 |
| Travel, conferences, and meetings | $46,865 |
| Printing and publications | $76 |
| Other expenses | $2,641,585 |
| Total operating and administrative expenses | $2,732,853 |
| Contributions, gifts, grants paid | $3,461,143 |
| Total expenses and disbursements | $6,193,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,209 |
| Savings and temporary cash investments | $8,068,505 |
| 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 | $42,055,541 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $135,618 |
| Total assets | $50,543,873 |
| 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, Mulberry Essence Foundation has awarded $3,461,143 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICARES PURPOSE: GENERAL | $10,000 |
ASIAN UNIVERSITY FOR WOMEN SUPPORT FOUNDATION PURPOSE: GENERAL | $10,000 |
BROWN UNIVERSITY PURPOSE: GENERAL | $3,786 |
ACT OF CONNECTICUT PURPOSE: GENERAL | $7,500 |
BROWN UNIVERSITY PURPOSE: GENERAL | $920,000 |
BROWN UNIVERSITY PURPOSE: GENERAL | $250,000 |