Thoracic Foundation
- Assets
- $5.5m
- Revenue
- $1.1m
- Investments
- $5.2m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/1949
- Data as of
- 12/2021
- EIN
- 04-2226641
Organization Overview
Thoracic Foundation is located in Boston, MA. The organization was established in 1949. According to its NTEE Classification (G42) the organization is classified as: Ear & Throat Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thoracic 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 12/2021, Thoracic Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $661.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Thoracic Foundation has awarded 47 individual grants totaling $1,272,355. 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 |
|---|---|---|---|
Bradley R Cook Trustee | 1 | $0 | |
Patricia Shepard Trustee | 0.5 | $0 | |
Hilary Worthen Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,204 |
| Dividends & Interest | $92,253 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $973,880 |
| Capital Gain Net Income | $973,880 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21 |
| Total Revenue | $1,071,358 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,745 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,217 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $167,020 |
| Contributions, gifts, grants paid | $494,355 |
| Total expenses and disbursements | $661,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $335,523 |
| 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 | $244,779 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,510,090 |
| 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, Thoracic Foundation has awarded $494,355 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Austin, TX PURPOSE: ASSISTING WITH COVID ISSUES WITH MIGRANT WORKERS | $73,500 |
CAMBRIDGE HEALTH ALLIANCE PURPOSE: GRANT FOR DR. LAI-BECKER IN CONNECTION WITH "NAC IN COVID TRIAL" | $35,000 |
DANA FARBER CANCER INSTITUTE PURPOSE: DR. DAVID BARBIE RESEARCH SENSITIZING SMALL CELL LUNG CANCER TO IMMUNE CHECKPOINT BLOCKADE BY RESTORING NEOANTIGEN DISPLAYEDUCATION | $35,000 |
CHILDREN'S HOSPITAL 300 LONGWOOD AVE BOSTON MA 02215 PURPOSE: DR. KIM'S RESEARCH | $35,000 |
COMPASSION & CHOICES PURPOSE: GENERAL PURPOSE | $35,000 |
DANA FARBER CANCER INSTITUTE PURPOSE: DR. JANNE'S RESEARCH ON THERAPEUTIC TARGETING OF DRUG INDUCED PERSISTER CELLS | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Taconic Resources For Independence Inc Poughkeepsie, NY | $1,079,802 | $1,916,992 |
Thoracic Foundation Boston, MA | $5,510,090 | $1,071,358 |
Mark Seven Deaf Foundation Inc Old Forge, NY | $1,728,852 | $444,296 |
Long Island Speech Association Inc Mastic Beach, NY | $167,048 | $0 |
Horticultural Alliance Of The Hamptons Ltd Bridgehampton, NY | $161,270 | $0 |
Empire State Association Of The Deaf Olean, NY | $264,010 | $0 |
American Thoracic Society Inc New York, NY | $120,621 | $0 |
Massachusetts Speech & Hearing Waltham, MA | $70,839 | $0 |
Partners In Hearing Inc Mount Kisco, NY | $62,544 | $0 |
Hearstrong Foundation Skaneateles, NY | $15,815 | $0 |
Gordon Salmon And Marjorie R Pres- Ent Charitable Foundation Pittsford, NY | $253,565 | $24,990 |
International Academy For Dentalfacial Esthetics Inc New York, NY | $43,907 | $0 |