Conine Family Foundation
- Assets
- $85.2m
- Revenue
- $85.5k
- Investments
- $75.0m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 81-5313933
Organization Overview
Conine Family Foundation is located in Boston, MA. The organization was established in 2017. 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. Conine Family 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, Conine Family Foundation generated $85.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (67.0%) each year. All expenses for the organization totaled $8.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Conine Family Foundation has awarded 71 individual grants totaling $19,562,000. 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 |
|---|---|---|---|
Alexi Conine President | 10 | $0 | |
Steven Conine Treasurer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Namrita Kapur | 12/30/22 | $79,402 |
Sustainable Trailworks | 12/30/22 | $58,365 |
Clement Reilly & Assoc | 12/30/22 | $54,477 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $159,960 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$74,413 |
| Capital Gain Net Income | $63,007 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,547 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $40,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,542 |
| Depreciation | $20,443 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,085 |
| Total operating and administrative expenses | $323,355 |
| Contributions, gifts, grants paid | $7,640,000 |
| Total expenses and disbursements | $7,963,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,053,851 |
| 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 | $183,833 |
| Other assets | $0 |
| Total assets | $85,222,733 |
| 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, Conine Family Foundation has awarded $7,640,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
APPALACHIAN MOUNTAIN CLUB (AMC) PURPOSE: GENERAL PURPOSE | $25,000 |
ASTORIA PARK CONSERVANCY PURPOSE: GENERAL PURPOSE | $25,000 |
BIKES NOT BOMBS INC PURPOSE: GENERAL PURPOSE | $100,000 |
BOSTON CYCLISTS UNION PURPOSE: GENERAL PURPOSE | $50,000 |
CHARLES SCHWAB DAF PURPOSE: GENERAL PURPOSE | $1,500,000 |
COMMONWEALTH OF MASSACHUSETTS PURPOSE: DEPARTMENT OF CONSERVATION AND RECREATION | $565,000 |