Metro Credit Union Foundation Inc
- Assets
- $8.4k
- Revenue
- $130.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chelsea, MA
- Founding
- Data as of
- 12/2023
- EIN
- 92-2114764
Organization Overview
Metro Credit Union Foundation Inc is located in Chelsea, MA. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Metro Credit Union 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.
Since 2023, Metro Credit Union Foundation Inc has awarded 12 individual grants totaling $105,000. 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 |
|---|---|---|---|
Robert Cashman President/director | 1 | $0 | |
Charlene Bauer Vice President/director | 1 | $0 | |
Erik Porter Ended 62023 Treasurer/director | 1 | $0 | |
Marie O'neill Secretary/director | 1 | $0 | |
Lawrence Stanford As Of 112923 Treasurer/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $130,000 |
| Interest on Savings | $20 |
| 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 | $0 |
| Total Revenue | $130,020 |
| 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 | $6,310 |
| Total operating and administrative expenses | $16,622 |
| Contributions, gifts, grants paid | $105,000 |
| Total expenses and disbursements | $121,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,506 |
| 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 | $4,892 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,398 |
| 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, Metro Credit Union Foundation Inc has awarded $105,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS OF METROWEST PURPOSE: EXEMPT PURPOSE | $10,000 |
BREAD AND ROSES PURPOSE: EXEMPT PURPOSE | $10,000 |
BREAKTIME UNITED INC PURPOSE: EXEMPT PURPOSE | $10,000 |
CASA MYRNA PURPOSE: EXEMPT PURPOSE | $5,000 |
ITALIAN HOME FOR CHILDREN INC PURPOSE: EXEMPT PURPOSE | $10,000 |
LEAP FOR EDUCATION INC PURPOSE: EXEMPT PURPOSE | $10,000 |