Hopedale Foundation
- Assets
- $11.5m
- Revenue
- $671.1k
- Investments
- $10.1m
- Employees
- 0
- Location
- Hopedale, MA
- Founding
- 05/1949
- Data as of
- 10/2023
- EIN
- 04-6044779
Organization Overview
Hopedale Foundation is located in Hopedale, MA. The organization was established in 1949. 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. Hopedale 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 10/2023, Hopedale Foundation generated $671.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $540.7k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hopedale Foundation has awarded 220 individual grants totaling $5,177,560. 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
GRANTS TO RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL ORGANIZATIONS
LOANS TO COLLEGE STUDENTS WHO GRADUATED FROM HOPEDALE HIGH SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter S Ellis Chairman/trustee | 0.5 | $0 | |
W Gregory Burrill Vice Chairman/trustee | 0.5 | $0 | |
Alfred H Sparling Jr Trustee | 0.5 | $0 | |
Steven G Ellis Secretary/trustee | 0.5 | $0 | |
Edward J Burt Trustee | 0.5 | $0 | |
Christine H Burke Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $2,067 |
| Dividends & Interest | $518,199 |
| 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 | $149,830 |
| Total Revenue | $671,096 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,160 |
| Depreciation | $0 |
| Occupancy | $993 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $54,378 |
| Total operating and administrative expenses | $68,131 |
| Contributions, gifts, grants paid | $472,524 |
| Total expenses and disbursements | $540,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,697 |
| Savings and temporary cash investments | $191,339 |
| 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 | $998,218 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,100,280 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $198,342 |
| Total assets | $11,495,876 |
| 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, Hopedale Foundation has awarded $472,524 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
HOPEDALE COMMUNITY HOUSE PURPOSE: GENERAL OPERATIONS | $150,000 |
THE CLAFLIN HILL MUSIC PERFORMANCE FOUND INC PURPOSE: SUPPORT CONCERT | $5,000 |
MAYFLOWER COUNCIL BOY SCOUTS OF AMERICA PURPOSE: CAPITAL CAMPAIGN | $7,500 |
MILFORD SALVATION ARMY PURPOSE: GENERAL OPERATIONS | $5,000 |
WHITIN COMMUNITY CENTER PURPOSE: GENERAL OPERATIONS | $4,000 |
MUSEUM OF SCIENCE PURPOSE: GENERAL OPERATIONS | $2,500 |