James M And Cathleen D Stone Family Foundation Inc
- Assets
- $8.1m
- Revenue
- $16.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/1995
- Data as of
- 06/2022
- EIN
- 04-3246517
Organization Overview
James M And Cathleen D Stone Family Foundation Inc is located in Boston, MA. The organization was established in 1995. According to its NTEE Classification (U12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James M And Cathleen D Stone Family 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 06/2022, James M And Cathleen D Stone Family Foundation Inc generated $16.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 48.2% each year . All expenses for the organization totaled $5.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE EDUCATIONAL AND SCIENTIFIC PURPOSES OF HARVARD UNIVERSITY AND THE BOSTON FOUNDATION, INC. BY PROVIDING SUPPORT FOR RESEARCH AND EDUCATION IN A VARIETY OF FIELDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING: TO PROMOTE THE EDUCATIONAL AND SCIENTIFIC PURPOSES OF HARVARD UNIVERSITY AND THE BOSTON FOUNDATION, INC. BY PROVIDING SUPPORT FOR RESEARCH AND EDUCATION IN A VARIETY OF FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul S Grogan Clerk & Trustee (thru 7/13/21) | OfficerTrustee | 1 | $0 |
Roger Cheever Trustee (thru 7/13/21) | Trustee | 1 | $0 |
Cathleen D Stone President & Trustee | OfficerTrustee | 1 | $0 |
John Montgomery Trustee | Trustee | 1 | $0 |
James M Stone Chair & Trustee | OfficerTrustee | 1 | $0 |
James N Bailey Treasurer & Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,647,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,647,199 |
| Total Program Service Revenue | $0 |
| Investment income | $18,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $575,335 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,240,815 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,729,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,903 |
| Fees for services: Accounting | $11,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,509 |
| Fees for services: Other | $196,805 |
| Advertising and promotion | $0 |
| Office expenses | $1,299 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,143 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $383 |
| Total functional expenses | $4,999,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,839 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,991,229 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,055,068 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $8,055,068 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,055,068 |
Grants Awarded
Over the last fiscal year, James M And Cathleen D Stone Family Foundation Inc has awarded $4,729,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON FOUNDATION INC PURPOSE: PROGRAM SUPPORT | $4,674,000 |
PRESIDENT AND FELLOWS OF HARVARD COLLEGE PURPOSE: PROGRAM SUPPORT | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James M And Cathleen D Stone Family Foundation Inc Boston, MA | $8,055,068 | $16,240,815 |
Aging Biology Foundation Inc Boston, MA | $20,647 | $3,491,863 |
American Friends Of Zichron Nechama Inc Brooklyn, NY | $0 | $3,267,099 |
Eth Zurich Foundation Usa Inc New York, NY | $24,060 | $1,226,843 |
Remote Ecologist Inc Darien, CT | $11,834 | $0 |
New England Regional Turfgrass Research Tr Middletown, RI | $27,525 | $0 |
Changemakertrust Inc Boston, MA | $120,163 | $0 |
Luke Heller Tec Pr2 Foundation Swampscott, MA | $0 | $107 |
Surest Inc Cambridge, MA | $278,024 | $101,934 |
Cardinah Foundation Hopkinton, MA | $0 | $0 |