The Naduse Foundation
- Assets
- $603.1k
- Revenue
- $87.5k
- Investments
- $494.4k
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 04-3342883
Organization Overview
The Naduse Foundation is located in Beverly, MA. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Naduse 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 12/2022, Naduse Foundation generated $87.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 52.7% each year . All expenses for the organization totaled $76.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Naduse Foundation has awarded 61 individual grants totaling $218,500. 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 |
|---|---|---|---|
John Lackey Trustee | 1 | $0 | |
Carolyn Lackey Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,496 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,988 |
| Capital Gain Net Income | $72,988 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $87,484 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,575 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $6,235 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $76,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,060 |
| 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 | $1,617 |
| Total assets | $603,075 |
| 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, The Naduse Foundation has awarded $70,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: CHARITABLE | $8,500 |
PLANNED PARENTHOOD PURPOSE: CHARITABLE | $7,500 |
BRAIN AND BEHAVIOR RESEARCH FOUNDATION PURPOSE: CHARITABLE | $5,000 |
Wiscasset, ME PURPOSE: CHARITABLE | $5,000 |
Cambridge, MA PURPOSE: CHARITABLE | $5,000 |
Chicago, IL PURPOSE: CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Westchester And Putnam Inc White Plains, NY | $5,306,671 | $10,280,091 |
United Way Of Southeastern Conn Inc Gales Ferry, CT | $10,705,205 | $8,943,002 |
United Way Of Central Massachusetts Inc Worcester, MA | $17,606,516 | $12,267,996 |
Mosaic & Terrazzo Welfare Fund Long Island City, NY | $7,395,380 | $7,617,875 |
Major League Baseball Charities Inc New York, NY | $2,315,439 | $9,095,032 |
Supreme Council Benevolent Foundation Lexington, MA | $125,656,047 | $11,525,847 |
United Way Of Western Connecticut Inc Danbury, CT | $8,563,444 | $6,698,403 |
The Jewish Federation Of Greater New Haven Inc Woodbridge, CT | $16,539,651 | $6,887,092 |
Federation Of Protestant Welfare Agencies Inc New York, NY | $89,939,475 | $9,007,528 |
Jewish Federation Of Greater Hartford West Hartford, CT | $10,483,669 | $7,386,122 |
Jewish Community Foundation Of Greater Hartford Inc West Hartford, CT | $126,674,784 | $9,064,129 |
Boys Town Jerusalem Foundation Of America Inc New York, NY | $28,802,427 | $5,373,817 |