Untapped Resources Inc
- Assets
- $17.0k
- Revenue
- $107.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- Data as of
- 12/2021
- EIN
- 86-3653148
Organization Overview
Untapped Resources Inc is located in Cambridge, MA. According to its NTEE Classification (T31) the organization is classified as: Community 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. Untapped Resources Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Gregor President And Director | 1 | $0 | |
Ravi Singh Director | 1 | $0 | |
David Craft Treasurer And Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $104,914 |
| Interest on Savings | $3 |
| Dividends & Interest | $182 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,796 |
| Capital Gain Net Income | $66,692 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $107,895 |
| 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 | $86 |
| Total operating and administrative expenses | $7,767 |
| Contributions, gifts, grants paid | $83,150 |
| Total expenses and disbursements | $90,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,978 |
| 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 | $16,978 |
| 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, Untapped Resources Inc has awarded $83,150 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR ECONOMIC DEMOCRACY PURPOSE: GENERAL FUND | $25,000 |
Dorchester, MA PURPOSE: GENERAL FUND | $20,000 |
Boston, MA PURPOSE: GENERAL FUND | $15,150 |
Newton, MA PURPOSE: GENERAL FUND | $10,000 |
Charlestown, MA PURPOSE: GENERAL FUND | $8,000 |
INNOVATORS FOR PURPOSE PURPOSE: GENERAL FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Connecticut Community Foundation Inc Waterbury, CT | $154,014,275 | $11,174,882 |
Adirondack Foundation Lake Placid, NY | $81,334,603 | $18,009,853 |
New York City Partnership Foundation Inc New York, NY | $45,208,462 | $5,342,641 |
Northwest Connecticut Community Foundation Inc Torrington, CT | $136,137,199 | $9,989,668 |
Westchester Community College Foundation Inc Valhalla, NY | $61,692,109 | $7,530,233 |
Greater Lowell Community Foundation Inc Lowell, MA | $59,223,650 | $8,473,367 |
Foundation For Metrowest Inc Natick, MA | $31,216,524 | $9,263,838 |
Community Foundation Of North Central Massachusetts Inc Fitchburg, MA | $67,231,130 | $10,261,158 |
Cambridge Community Foundation Cambridge, MA | $50,483,194 | $9,505,977 |
Chautauqua Region Community Foundation Inc Jamestown, NY | $142,153,687 | $14,207,759 |
Gurwin Jewish Geriatric Foundation Inc Commack, NY | $34,213,292 | $8,779,921 |