New England Patriots Charitable Foundation Inc
- Assets
- $3.5m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Foxboro, MA
- Founding
- 02/1996
- Data as of
- 12/2021
- EIN
- 04-3244069
Organization Overview
New England Patriots Charitable Foundation Inc is located in Foxboro, MA. The organization was established in 1996. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. New England Patriots Charitable Foundation Inc 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, New England Patriots Charitable Foundation Inc generated $4.2m 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 (18.8%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, New England Patriots Charitable Foundation Inc has awarded 276 individual grants totaling $7,764,071. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert K Kraft Chairman | 1 | $0 | |
Daniel A Kraft Director | 1 | $0 | |
Jonathan A Kraft Director | 1 | $0 | |
Joshua M Kraft Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,748,894 |
| Interest on Savings | $23 |
| Dividends & Interest | $19,549 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,845 |
| Capital Gain Net Income | $36,845 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $372,165 |
| Total Revenue | $4,177,476 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $45,353 |
| Other expenses | $325,287 |
| Total operating and administrative expenses | $373,685 |
| Contributions, gifts, grants paid | $2,512,606 |
| Total expenses and disbursements | $2,886,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,123,886 |
| Savings and temporary cash investments | $0 |
| 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 | $1,361,408 |
| Total assets | $3,485,294 |
| 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 | $9,910 |
| Total liabilities | $9,910 |
Grants Awarded
Over the last fiscal year, New England Patriots Charitable Foundation Inc has awarded $2,512,606 in support to 152 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF BOSTON PURPOSE: FUND OPERATIONS | $200,000 |
THE EMPOWERMENT PLAN PURPOSE: YOUTH AND FAMILY SERVICES | $152,367 |
NCTE PURPOSE: EDUCATION | $100,000 |
New York, NY PURPOSE: EDUCATION | $100,000 |
YW BOSTON PURPOSE: HUMAN SERVICES | $100,000 |
Dorchester, MA PURPOSE: RACE & EQUITY | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that New England Patriots Charitable Foundation Inc has recieved totaling $95,000.
| Awarding Organization | Amount |
|---|---|
Boston Celtics Shamrock Foundation Inc Boston, MA PURPOSE: Support | $30,000 |
Edgerley Family Foundation Overland Park, KS PURPOSE: SUPPORT-GENERAL FUND | $30,000 |
Cvs Health Charity Classic Inc Woonsocket, RI PURPOSE: GENERAL | $25,000 |
The Red Sox Foundation Inc Boston, MA PURPOSE: SCHED I SUPPLEMENTAL INFORMATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |
Cullen Foundation Buffalo, NY | $115,865,929 | $16,357,498 |
Fiduciary Charitable Foundation Boston, MA | $117,480,981 | $103,573,534 |
Danoff Fam Private Charitable Foundation Tr Albany, NY | $116,755,274 | $33,799,667 |