Babson-Webber-Mustard Fund
- Assets
- $4.7m
- Revenue
- $19.8k
- Investments
- $4.6m
- Employees
- 0
- Location
- Brewster, MA
- Founding
- 04/1960
- Data as of
- 12/2023
- EIN
- 04-2307820
Organization Overview
Babson-Webber-Mustard Fund is located in Brewster, MA. The organization was established in 1960. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Babson-Webber-Mustard Fund 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, Babson-Webber-Mustard Fund generated $19.8k 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 (34.0%) each year. All expenses for the organization totaled $338.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Babson-Webber-Mustard Fund has awarded 774 individual grants totaling $2,106,237. 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 |
|---|---|---|---|
Judith Rhome Trustee | 5 | $17,000 | |
Robert S Hoffman III Trustee | 5 | $17,000 | |
Jesse M Putney Trustee | 5 | $17,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $404 |
| Dividends & Interest | $133,390 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$121,431 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,391 |
| Total Revenue | $19,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,000 |
| Other employee salaries and wages | $39,417 |
| Pension plans, employee benefits | $8,401 |
| Interest | $0 |
| Taxes | $70 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58,628 |
| Total operating and administrative expenses | $201,775 |
| Contributions, gifts, grants paid | $136,500 |
| Total expenses and disbursements | $338,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,867 |
| Savings and temporary cash investments | $38,600 |
| 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 | $4,728,181 |
| 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, Babson-Webber-Mustard Fund has awarded $136,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRANTS TO ASSIST 145 NEEDY MASS IND PURPOSE: DIRECT ASSIST TO NEEDY MASS RESIDENT | $98,700 |
GRANTS TO ASSIST 27 MASS CHARITIES PURPOSE: ASSIST MASS CHARITABLE ORGANIZATIONS | $37,800 |