The Naduse Foundation
- Assets
- $1.4m
- Revenue
- $1.1m
- Investments
- $1.2m
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 04/1997
- Data as of
- 12/2023
- 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 12/2023, Naduse Foundation generated $1.1m in total revenue. All expenses for the organization totaled $50.4k during the year ending 12/2023.
Since 2020, Naduse Foundation has awarded 72 individual grants totaling $233,500. 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 | $1,049,836 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,055 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $159 |
| Capital Gain Net Income | $159 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,069,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $2,935 |
| Contributions, gifts, grants paid | $47,500 |
| Total expenses and disbursements | $50,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,935 |
| 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 | $16,889 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,387,759 |
| 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 $47,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION INC PURPOSE: CHARITABLE | $1,000 |
BRAIN AND BEHAVIOR RESEARCH FOUNDATION PURPOSE: CHARITABLE | $3,000 |
COMMUNITY CHANGE PURPOSE: CHARITABLE | $2,500 |
ON THE RISE PURPOSE: CHARITABLE | $5,000 |
FAMILY AID PURPOSE: CHARITABLE | $2,000 |
IFAW GLOBAL ANIMAL RESCUE PURPOSE: CHARITABLE | $2,000 |