Mathews Family Foundation
- Assets
- $1.3m
- Revenue
- $552.3k
- Investments
- $619.6k
- Employees
- 0
- Location
- Arlington, MA
- Founding
- Data as of
- 12/2021
- EIN
- 83-3847902
Organization Overview
Mathews Family Foundation is located in Arlington, MA. According to its NTEE Classification (T30) the organization is classified as: Public 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. Mathews 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 12/2021, Mathews Family Foundation generated $552.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $68.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HELP THE NEEDY AND POOR
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MEDICAL AND AND COUSELLING TO NEEDY PATIANTS
PROVIDED MEDICAL AND AND COUSELLING TO NEEDY PATIANTS
PROVIDED MEDICAL AND AND COUSELLING TO NEEDY PATIANTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rashika Mathews Treasurer | 10 | $0 | |
Daniel Mathews President | 10 | $0 | |
Sonia Maruti Clerk | 10 | $0 | |
Anita Mathews Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $527,351 |
| Interest on Savings | $32 |
| Dividends & Interest | $7,295 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,599 |
| Capital Gain Net Income | $17,599 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $552,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,899 |
| Printing and publications | $0 |
| Other expenses | $2,175 |
| Total operating and administrative expenses | $6,891 |
| Contributions, gifts, grants paid | $62,050 |
| Total expenses and disbursements | $68,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $639,358 |
| Savings and temporary cash investments | $0 |
| 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 | $1,258,982 |
| 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, Mathews Family Foundation has awarded $62,050 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CARING ARMS INC PURPOSE: EDUCATION | $27,000 |
LUDHIANA CMC BOARD USA PURPOSE: FOR COVID EMERGENCY RELIEF | $15,600 |
ARLINGTON HEALTH AND HUMAN SERVICES PURPOSE: FOR THE ARLINGTON SENIOR CENTER | $10,000 |
KODER JAAFAR PURPOSE: COVID RENTAL ASSISTANCE | $9,450 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mathews Family Foundation has recieved totaling $527,351.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $527,351 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |
Enveritas Inc New York, NY | $2,653,436 | $10,002,673 |
Rodef Chesed Brooklyn, NY | $766,824 | $8,077,248 |
Tomchai Torah Beretz Yisrael Inc Monsey, NY | $767,829 | $7,981,285 |
American Friends Of The Royal Foundation Of The Duke And Duchess Newtown, MA | $2,911,496 | $8,616,320 |
Mccourt Foundation Inc Braintree, MA | $29,762,470 | $6,917,849 |
Virgin Unite Usa Inc New York, NY | $4,075,760 | $3,415,307 |
Mosdos Hatorah Vhachesed Of Pnei Menachem Inc Brooklyn, NY | $56,343 | $6,197,826 |
The Red Sox Foundation Inc Boston, MA | $19,048,615 | $7,450,414 |
Iranian American Jewish Federation Great Neck, NY | $8,464,426 | $7,729,135 |
Bend The Arc-A Jewish Partnership For Justice New York, NY | $14,031,753 | $6,022,262 |