Meghan Burnett Foundation
- Assets
- $74.4k
- Revenue
- $32.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 07/2018
- Data as of
- 12/2023
- EIN
- 83-0957094
Organization Overview
Meghan Burnett Foundation is located in Wakefield, MA. The organization was established in 2018. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Meghan Burnett 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 12/2023, Meghan Burnett Foundation generated $32.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $21.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Burnett President/clerk | 5 | $0 | |
Dena Domey Treasurer/secretary | 5 | $0 | |
Thomas Purcell Director | 5 | $0 | |
David Story Director | 5 | $0 | |
Ellen Moschella Assistant Clerk/director | 5 | $0 | |
Alissa Story Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,502 |
| Interest on Savings | $1,460 |
| Dividends & Interest | $0 |
| 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 | $14,700 |
| Total Revenue | $32,662 |
| 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 | $8,446 |
| Total operating and administrative expenses | $9,796 |
| Contributions, gifts, grants paid | $11,539 |
| Total expenses and disbursements | $21,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,385 |
| Savings and temporary cash investments | $21,460 |
| 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 | $1,593 |
| Other assets | $0 |
| Total assets | $74,438 |
| 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, Meghan Burnett Foundation has awarded $11,539 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SOPHIE SELDMAN PURPOSE: FELLOWSHIP AWARD | $500 |
MACIE STORY PURPOSE: FELLOWSHIP AWARD | $1,000 |
PAIGE BUTLAND PURPOSE: FELLOWSHIP AWARD | $1,000 |
KATHRYN SLISKI PURPOSE: FELLOWSHIP AWARD | $1,000 |
CHLOE SILVA PURPOSE: FELLOWSHIP AWARD | $500 |
WAKEFIELD YOUTH SOFTBALL PURPOSE: CHARITABLE CONTRIBUTION | $6,539 |