Highland Street Connection
- Assets
- $72.7m
- Revenue
- $2.8m
- Investments
- $27.2m
- Employees
- 0
- Location
- Newton, MA
- Founding
- 04/1990
- Data as of
- 12/2022
- EIN
- 04-3048298
Organization Overview
Highland Street Connection is located in Newton, MA. The organization was established in 1990. 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. Highland Street Connection 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 12/2022, Highland Street Connection generated $2.8m 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 (26.8%) each year. All expenses for the organization totaled $7.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (42.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Highland Street Connection has awarded 1,119 individual grants totaling $49,420,382. 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 |
|---|---|---|---|
Joann Mcgrath Trustee | 8 | $0 | |
David J Mcgrath III Trustee | 8 | $0 | |
Sean P Mcgrath Trustee | 8 | $0 | |
Blake Jordan Executive Director | 40 | $439,433 | |
Michael Keating Trustee | 8 | $0 | |
Noreen Mcmahon Senior Director Of P | 40 | $159,975 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dan Salera | 12/30/22 | $72,000 |
Samet & Company Pc | 12/30/22 | $80,000 |
Carolyn O'brien Consulting Llc | 12/30/22 | $60,000 |
Cambridge Associates | 12/30/22 | $225,000 |
Sea Cliff Financial Llc | 12/30/22 | $131,740 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $150,714 |
| Dividends & Interest | $1,858,981 |
| Net Rental Income | -$50,784 |
| Net Gain on Sale of Assets | $1,112,223 |
| Capital Gain Net Income | $1,112,223 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$293,795 |
| Total Revenue | $2,828,124 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $439,433 |
| Other employee salaries and wages | $449,464 |
| Pension plans, employee benefits | $85,175 |
| Interest | $478,894 |
| Taxes | $215,189 |
| Depreciation | $453 |
| Occupancy | $153,824 |
| Travel, conferences, and meetings | $2,943 |
| Printing and publications | $0 |
| Other expenses | $1,034,891 |
| Total operating and administrative expenses | $3,506,648 |
| Contributions, gifts, grants paid | $3,918,739 |
| Total expenses and disbursements | $7,425,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $812,131 |
| Savings and temporary cash investments | $9,537,880 |
| 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 | $25,281 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $4,292,532 |
| Investments—other | $13,567,758 |
| Net Land, buildings, and equipment | $667,688 |
| Other assets | $34,480,180 |
| Total assets | $72,739,346 |
| 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 | $14,000,000 |
| Other liabilities | $12,149 |
| Total liabilities | $14,012,149 |
Grants Awarded
Over the last fiscal year, Highland Street Connection has awarded $4,828,739 in support to 248 organizations.
| Grant Recipient | Amount |
|---|---|
2LIFE COMMUNITIES PURPOSE: FOR COMMUNITY. | $10,000 |
ABOUT FRESH PURPOSE: FOR COMMUNITY. | $1,000 |
ALMA DEL MAR FOUNDATION PURPOSE: FOR EDUCATIONAL PROGRAMS. | $1,000 |
ALVERNO COLLEGE PURPOSE: FOR EDUCATIONAL PROGRAMS. | $50,000 |
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: FOR HEALTHCARE. | $5,000 |
ANNA MARIA COLLEGE PURPOSE: FOR EDUCATIONAL PROGRAMS. | $40,000 |