David E Retik & Christopher D Mello Charitable Foundation Inc
- Assets
- $2.4m
- Revenue
- $283.3k
- Investments
- $2.0m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/2014
- Data as of
- 08/2023
- EIN
- 04-3576803
Organization Overview
David E Retik & Christopher D Mello Charitable Foundation Inc is located in Boston, MA. The organization was established in 2014. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David E Retik & Christopher D Mello 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 08/2023, David E Retik & Christopher D Mello Charitable Foundation Inc generated $283.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 58.5% each year . All expenses for the organization totaled $255.1k during the year ending 08/2023. While expenses have increased by 0.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, David E Retik & Christopher D Mello Charitable Foundation Inc has awarded 123 individual grants totaling $984,000. 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 |
|---|---|---|---|
Eileen M Toti Treasurer/director | 2 | $0 | |
Edward Gatta Jr President/director | 2 | $0 | |
Susan Retik Director | 1 | $0 | |
Doug Mello Director | 1 | $0 | |
Ellen Mello Director | 1 | $0 | |
Jeanne D'agostino Executive Director | 10 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $446 |
| Interest on Savings | $10,282 |
| Dividends & Interest | $86,303 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $186,303 |
| Capital Gain Net Income | $186,303 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $283,334 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,397 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,551 |
| Total operating and administrative expenses | $54,063 |
| Contributions, gifts, grants paid | $201,000 |
| Total expenses and disbursements | $255,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $810 |
| Savings and temporary cash investments | $328,787 |
| 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 | $0 |
| Total assets | $2,368,398 |
| 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 | $1,040 |
| Total liabilities | $1,040 |
Grants Awarded
Over the last fiscal year, David E Retik & Christopher D Mello Charitable Foundation Inc has awarded $201,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION FOR BOSTON COMMUNITY DEVELOPMENT INC PURPOSE: PROGRAM SUPPORT | $5,000 |
BOSTON ALLIANCE FOR GAY LESBIAN AND TRANSGENDER YOUTH PURPOSE: PROGRAM SUPPORT | $5,000 |
BOSTON BULLPEN PROJECT INC PURPOSE: PROGRAM SUPPORT | $10,000 |
BRIDGE OVER TROUBLED WATER PURPOSE: PROGRAM SUPPORT | $15,000 |
CHILD GUIDANCE CENTER PURPOSE: PROGRAM SUPPORT | $10,000 |
CHILD CARE RESOURCES OF INDIAN RIVER PURPOSE: PROGRAM SUPPORT | $25,000 |