Massachusetts Society For Aiding Discharged Prisoners
- Assets
- $372.6k
- Revenue
- $103.4k
- Investments
- $342.9k
- Employees
- 0
- Location
- Bedford, MA
- Founding
- 07/1971
- Data as of
- 04/2024
- EIN
- 04-2138900
Organization Overview
Massachusetts Society For Aiding Discharged Prisoners is located in Bedford, MA. The organization was established in 1971. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Massachusetts Society For Aiding Discharged Prisoners 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 04/2024, Massachusetts Society For Aiding Discharged Prisoners generated $103.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $88.4k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Massachusetts Society For Aiding Discharged Prisoners has awarded 76 individual grants totaling $903,675. 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 |
|---|---|---|---|
Joel Collins President | 1 | $0 | |
Andy Halvorson Councilor | 1 | $0 | |
Shari Johnson Councilor | 1 | $0 | |
David Saff Secretary | 1 | $0 | |
Ed Gaskin Vice President | 1 | $0 | |
Peter D Holt Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,550 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,846 |
| Capital Gain Net Income | $48,846 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,396 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $654 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $218 |
| Total operating and administrative expenses | $3,147 |
| Contributions, gifts, grants paid | $85,300 |
| Total expenses and disbursements | $88,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,282 |
| Savings and temporary cash investments | $21,437 |
| 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 | $372,613 |
| 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, Massachusetts Society For Aiding Discharged Prisoners has awarded $85,300 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON RESCUE MISSION PURPOSE: SUPPORT FOR HOMELESS AND OTHER PEIOPLE IN NEED | $10,000 |
FATHERS' UPLIFT INC PURPOSE: MENTAL HEALTH SUPPORT AND COUNSELING | $5,000 |
FUTURE HOPE APPRENTICESHIP PURPOSE: RECOVERY PROGRAM AND SUPPORT | $15,300 |
PEOPLE AFFECTING COMMUNITY CHANGE (PACC GLOBAL) PURPOSE: COMMUNITY SUPPORT | $2,500 |
STRAIGHT AHEAD MINISTRIES PURPOSE: FAITH-BASED COMMUNITY SUPPORT | $30,000 |
PLACE OF PROMISE PURPOSE: SUPPORT | $7,500 |