Cabot Corporation Foundation Inc
- Assets
- $392.4k
- Revenue
- $975.6k
- Investments
- $392.4k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 12/1954
- Data as of
- 09/2023
- EIN
- 04-6035227
Organization Overview
Cabot Corporation Foundation Inc is located in Boston, MA. The organization was established in 1954. 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. Cabot Corporation 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 09/2023, Cabot Corporation Foundation Inc generated $975.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $1.3m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cabot Corporation Foundation Inc has awarded 258 individual grants totaling $8,531,935. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOSTON HARBOR NOWFUNDS TO SUPPORT EDUCATION PROGRAM
AMERICAN INSTITUTE OF CHEMICAL ENGINEERS FUNDS TO SUPPORT A SCHOLARSHIP
TEDA CHARITY ASSOCIATIONFUNDS TO SUPPORT SCHOLARSHIPS AND FAMILIES IN POVERTY
JIANGSU CHARITY FOUNDATIONFUNDS TO CREATE ECO-FRIENDLY HOMES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane A Bell Vice President | 0 | $0 | |
Al Rizzo Treasurer | 0 | $0 | |
Jane A Bell Director | 0 | $0 | |
Peter Brzuska Director | 0 | $0 | |
Guillermo Del Castillo Director | 0 | $0 | |
Lelde Lipska Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $975,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $585 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $975,585 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $1,252,496 |
| Total expenses and disbursements | $1,252,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $392,367 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $392,367 |
| 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, Cabot Corporation Foundation Inc has awarded $2,897,151 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
100 BLACK MEN OF ST MARY PARISH PURPOSE: TO BE A LEAD SPONSOR OF A SOUL FOOD FESTIVAL THAT THE ORGANIZATION WILL CONDUCT DURING JUNETEENTH HOLIDAY WEEKEND. BEAU FULLY ENDORSES THIS. THEY WILL GET LARGE BANNERS PRINTED UP AND WILL PROVIDE CABOT WITH SOME WONDERFUL VISIBILITY IN THE LOCAL FRANKLIN LA COMMUNITY | $10,000 |
AKAMASOA PURPOSE: IMPROVE AND HELP KIDS WITH EMOTIONAL DEVELOPMENT. TO BUILD A DOME AND HAVE A NICE LOCATION FOR THE KIDS TO HAVE TRAINING, PROVIDE ACTIVITIES TO LEARN AND STUDY. THIS COVER 100% OF PROJECT | $25,000 |
AMERICAN CORPORATE PARTNERS PURPOSE: SUPPORT FOR WORKFORCE MENTORING PROGRAM FOR VETERANS | $25,000 |
AMERICAN INSTITUTE OF CHEMICAL ENGINEERS PURPOSE: PAYABLE $60K/YR 2021-2024 TOTAL $240K (FOSSI SCHOLARSHIP #1) | $60,000 |
AMERICAN INSTITUTE OF CHEMICAL ENGINEERS PURPOSE: PAYABLE $60K/YR 2022-2025 TOTAL $240K (FOSSI SCHOLARSHIP #2) | $60,000 |
AMERICAN INSTITUTE OF CHEMICAL ENGINEERS PURPOSE: PAYABLE $60K/YR 2023-2026 TOTAL $240K (FOSSI SCHOLARSHIP #3) | $60,000 |