Envision Bank Foundation Inc
- Assets
- $4.7m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Abington, MA
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 81-3015972
Organization Overview
Envision Bank Foundation Inc is located in Abington, MA. 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. Envision Bank 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, Envision Bank Foundation Inc generated $3.2m in total revenue. All expenses for the organization totaled $280.6k during the year ending 12/2022. While expenses have increased by 26.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Envision Bank Foundation Inc has awarded 42 individual grants totaling $581,360. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO MASSACHUSETTS FALLEN HEROES TO SERVE VETERANS WITH SUPPORT SERVICES IN THE AREAS OF EMPLOYMENT, LEGAL, HEALTH CARE, HOUSING, AND OTHER BASIC NEEDS.
GRANT TO FATHER BILLS'S & MAINSPRING INC. FOR COSTS IN CONNECTION WITH 10 UNIT RESIDENCE FOR MILITARY VETERANS.
GRANT TO YMCA OF GREATER BOSTON FOR EXEMPT PURPOSES.
GRANT TO DOVE'S INC FOR EXEMPT PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dena Hall President, Clerk & Director | 2 | $0 | |
Gil Ehmke Treasurer, Clerk & Director | 2 | $0 | |
Andrew Raczka Director | 1 | $0 | |
Paul Sullivan Director | 1 | $0 | |
William Parent Director | 1 | $0 | |
Richard Pierce Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,321 |
| Dividends & Interest | $354,698 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,804,592 |
| Capital Gain Net Income | $2,804,592 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,162,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46,986 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $49,881 |
| Contributions, gifts, grants paid | $230,760 |
| Total expenses and disbursements | $280,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,679,170 |
| 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 | $4,679,170 |
| Accounts payable and accrued expenses | $2,800 |
| 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 | $44,000 |
| Total liabilities | $46,800 |
Grants Awarded
Over the last fiscal year, Envision Bank Foundation Inc has awarded $230,760 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
FATHER BILL'S & MAINSPRING PURPOSE: FOR COSTS IN CONNECTION WITH PROJECT TO CONSTRUCT 10 UNIT RESIDENCE FOR MILITARY VETERANS. | $180,000 |
YMCA OF GREATER BOSTON PURPOSE: EXEMPT PURPOSES. | $10,000 |
MASSACHUSETTS FALLEN HERO PURPOSE: TO SERVE VETERANS WITH SUPPORT SERVICES IN THE AREAS OF EMPLOYMENT, LEGAL, HEALTH CARE, HOUSING, AND OTHER BASIC NEEDS. | $5,000 |
AMERICAN CANCER SOCIETY PURPOSE: EXEMPT PURPOSES. | $560 |
AMERICAN FOUNDATION OF SUICIDE PREVENTION PURPOSE: EXEMPT PURPOSES. | $500 |
BEST BUDDIES INTERNATIONAL PURPOSE: EXEMPT PURPOSES. | $100 |