Winthrop Foundation
- Assets
- $477.3k
- Revenue
- $57.0
- Investments
- $0.0
- Employees
- 0
- Location
- Winthrop, MA
- Founding
- Data as of
- 06/2023
- EIN
- 84-2588220
Organization Overview
Winthrop Foundation is located in Winthrop, MA. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winthrop 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 06/2023, Winthrop Foundation generated $57.0 in total revenue. All expenses for the organization totaled $181.6k during the year ending 06/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE WINTHROP FOUNDATION IS A VOLUNTEER BOARD OF TRUSTEES WHOSE MISSION IS TO OFFER GRANT FUNDING TO A RANGE OF PROGRAMS AND ORGANIZATIONS IN WINTHROP TO IMPROVE THE QUALITY OF LIFE OF OUR COMMUNITY. THE FOUNDATION OFFERS GRANT FUNDING TO LOCAL CHARITABLE ORGANIZATIONS AND PROGRAMS THAT SERVE THE PUBLIC. GRANT SUPPORT AND COORDINATION IS PROVIDED BY THE ADMINISTRATOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WINTHROP FOUNDATION WAS ESTABLISHED TO PROVIDE FUNDING OF PROGRAMS OR PROJECTS IN OR BENEFITTING THE TOWN OF WINTHROP TO AVOID, LIMIT, OR MITIGATE ANY ENVIRONMENTAL OR SOCIOECONOMIC IMPACTS OR EFFECTS OF WORKS, PROJECTS, OR ACTIVITIES AT LOGAN AIRPORT, AND/OR FUNDING OF ANY PROJECTS FOR PUBLIC OR CHARITABLE PURPOSES THAT BENEFIT OF THE TOWN OF WINTHROP AND OFFSET OR MITIGATE AGAINST SUCH IMPACTS OR EFFECTS, INCLUDING, WITHOUT LIMITATION, PROJECTS ACQUIRING, CREATING, PRESERVING AND/OR REHABILITATING OPEN SPACE, ACTIVE AND PASSIVE RECREATION, AND/OR CONSERVATION. IT ALSOPROVIDES EXPENDITURES FOR RESEARCH AND EDUCATION, INCLUDING CONFERENCES AND SEMINARS, TO PROMOTE LOCAL BUSINESS INITIATIVES IN THE TOWN OF WINTHROP THAT RELATE TO AIRPORT FUNCTIONS AND NEEDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Sanford Chairman | OfficerTrustee | 0 | $0 |
Vincent Crossman Secretary | OfficerTrustee | 0 | $0 |
Brian Leslie Treasurer | OfficerTrustee | 0 | $0 |
Terence Delehanty Board Member | Officer | 0 | $0 |
Gus Martucci Board Member | Officer | 0 | $0 |
Vasili Mallios Board Member | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $57 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $169,656 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $95 |
| Office expenses | $429 |
| Information technology | $3,897 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7,477 |
| Total functional expenses | $181,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $477,307 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $477,307 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $54,524 |
| Net assets with donor restrictions | $422,783 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $477,307 |
Grants Awarded
Over the last fiscal year, Winthrop Foundation has awarded $158,755 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF WINTHROP PURPOSE: SUPPORT FOR FIRE VICTIMS | $42,000 |
WINTHROP HOLIDAY FESTIVAL COMMITTEE PURPOSE: WINTHROP ANNUAL TREE LIGHTING | $9,350 |
WINTHROP LITTLE LEAGUE PURPOSE: FIELD RENOVATION | $20,000 |
WINTHROP YOUTH CHEER PURPOSE: NEW PRACTICE MATS | $12,665 |
WINTHROP YOUTH HOCKEY ASSOCIATION PURPOSE: FINANCIAL ASSISTANCE | $13,240 |
WINTHROP HIGH SCHOOL PURPOSE: WINTHROP HIGH SCHOOL BASEBALL FINANCIAL ASSISTANCE | $10,000 |