Melvin S Cutler Charitable Foundation
- Assets
- $13.8m
- Revenue
- $2.1m
- Investments
- $13.3m
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 10/1981
- Data as of
- 07/2023
- EIN
- 04-2733957
Organization Overview
Melvin S Cutler Charitable Foundation is located in Worcester, MA. The organization was established in 1981. 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. Melvin S Cutler Charitable 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 07/2023, Melvin S Cutler Charitable Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $582.3k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Melvin S Cutler Charitable Foundation has awarded 304 individual grants totaling $3,128,731. 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 |
|---|---|---|---|
Melvin S Cutler Trustee | 1 | $0 | |
Frederic Mulligan Trustee | 1 | $1,720 | |
Douglas Cutler Trustee | 1 | $1,720 | |
Elizabeth J Cutler Trustee | 1 | $1,720 | |
Robert Adler Trustee | 1 | $1,720 | |
Barbara Crosbie Board Secretary | 1 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,625,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $420,294 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,928 |
| Capital Gain Net Income | $121,885 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,065,822 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,134 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,134 |
| Total operating and administrative expenses | $110,728 |
| Contributions, gifts, grants paid | $471,600 |
| Total expenses and disbursements | $582,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $392,586 |
| 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 | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,084,143 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,331 |
| Total assets | $13,762,243 |
| 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, Melvin S Cutler Charitable Foundation has awarded $471,600 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
137 SMALL GRANTS EACH UNDER 1000 ALL TO PUBLIC CHARITIES PURPOSE: GENERAL | $19,482 |
AISH CAMPUS BOSTON PURPOSE: GENERAL | $18,000 |
ABBY'S HOUSE PURPOSE: GENERAL | $12,000 |
AMERICAN FRIENDS OF NATAL INC PURPOSE: GENERAL | $1,800 |
AMERICAN SOCIETY FOR YAD VASHEM PURPOSE: GENERAL | $3,600 |
ANTI-DEFAMATION LEAGUE NE REGION PURPOSE: GENERAL | $30,100 |