The Mellen Charitable Foundation Inc
- Assets
- $119.3m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- Data as of
- 12/2023
- EIN
- 85-3945419
Organization Overview
The Mellen Charitable Foundation Inc is located in Boston, MA. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mellen Charitable 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 12/2023, Mellen Charitable Foundation Inc generated $5.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (54.3%) each year. All expenses for the organization totaled $7.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Mellen Charitable Foundation Inc has awarded 28 individual grants totaling $12,200,000. 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 |
|---|---|---|---|
Michael Eisenson President, Director | 5 | $0 | |
Neil Mellen Chair, Director | 1 | $0 | |
Jane Goldstein Treasurer, Secretary, Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $800,000 |
| Interest on Savings | $2,538,415 |
| Dividends & Interest | $1,558,325 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $539,993 |
| Capital Gain Net Income | $32,545 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $994 |
| Total Revenue | $5,437,727 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $214,480 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,415,619 |
| Total operating and administrative expenses | $1,804,373 |
| Contributions, gifts, grants paid | $5,595,000 |
| Total expenses and disbursements | $7,399,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,829 |
| Savings and temporary cash investments | $5,132,819 |
| 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 | $114,186,929 |
| Total assets | $119,349,577 |
| 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, The Mellen Charitable Foundation Inc has awarded $5,595,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
DANA-FARBER INC PURPOSE: DANA-FARBER CANCER INSTITUTE PROJECTS AND INITIATIVES | $530,000 |
CEDARS-SINAI MEDICAL CENTER PURPOSE: FURTHER THE AREA OF GYNECOLOGIC ONCOLOGY AT CEDARS-SINAI | $250,000 |
FOCUSING PHILANTHROPY PURPOSE: JEWISH VOCATIONAL SERVICE / FOCUSING PHILANTHROPY MATCHING GIFT CAMPAIGN | $500,000 |
HORIZONS FOR HOMELESS CHILDREN PURPOSE: FUND THE INCREMENTAL COSTS OF EDUCATING 50 ADDITIONAL CHILDREN IN THE EARLY EDUCATION PROGRAM | $250,000 |
JEROME AVENUE FUND CO THE BOSTON FOUNDATION PURPOSE: GENERAL PURPOSE | $700,000 |
NEW ENGLAND AQUARIUM PURPOSE: SUPPORT THE HIRING OF CONSERVATION FIELD STAFF WITHIN THE ANDERSON CABOT CENTER FOR OCEAN LIFE | $250,000 |