Adelaide Breed Bayrd Foundation
- Assets
- $37.8m
- Revenue
- $3.1m
- Investments
- $37.0m
- Employees
- 0
- Location
- Malden, MA
- Founding
- 11/1928
- Data as of
- 12/2022
- EIN
- 04-6051258
Organization Overview
Adelaide Breed Bayrd Foundation is located in Malden, MA. The organization was established in 1928. 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. Adelaide Breed Bayrd 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, Adelaide Breed Bayrd Foundation generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 1.1% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO 501(C)(3) ORGANIZATIONS, MALDEN CITY AGENCIES AND SCHOLARSHIPS FOR DESERVING STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Henry Kezer President | 0 | $10,000 | |
Susan C Mansur Treasurer | 0 | $22,000 | |
Richard R Burns Jr Vice President | 0 | $10,000 | |
Robert M Wallask Trustee | 0 | $10,000 | |
Paul Mcpheeters Trustee | 0 | $10,000 | |
Dorothy Whittier Trustee | 0 | $10,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kezer & Kezer | 12/30/22 | $108,650 |
Eastern Bank | 12/30/22 | $146,779 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,131 |
| Interest on Savings | $0 |
| Dividends & Interest | $839,482 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,232,581 |
| Capital Gain Net Income | $2,232,581 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,079,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,754 |
| Depreciation | $13 |
| Occupancy | $8,438 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,474 |
| Total operating and administrative expenses | $437,158 |
| Contributions, gifts, grants paid | $1,850,966 |
| Total expenses and disbursements | $2,288,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,700 |
| 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 | $750,446 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $37,807,445 |
| Accounts payable and accrued expenses | $1,000 |
| Grants payable | $330,300 |
| 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 | $331,300 |
Grants Awarded
Over the last fiscal year, Adelaide Breed Bayrd Foundation has awarded $1,703,835 in support to 148 organizations.
| Grant Recipient | Amount |
|---|---|
BABSON COLLEGE PURPOSE: PROVIDE EDUCATIONAL SCHOLARSHIP FOR DESERVING STUDENT | $2,500 |
AGASSIZ VILLAGE PURPOSE: PROVIDE FUNDS TO SUPPORT THE ENTITY'S CHARITABLE WOR | $62,400 |
AMERICAN BAPTIST CHURCHES OF MA PURPOSE: PROVIDE FUNDS TO SUPPORT THE ENTITY'S CHARITABLE WOR | $10,000 |
BAY STATE READING INSTITUTE PURPOSE: PROVIDE FUNDS TO SUPPORT THE ENTITY'S CHARITABLE WOR | $25,000 |
BARTON CENTER FOR DIABETES EDUCATION PURPOSE: PROVIDE FUNDS TO SUPPORT THE ENTITY'S CHARITABLE WOR | $2,535 |
BENTLEY UNIVERSITY PURPOSE: PROVIDE EDUCATIONAL SCHOLARSHIP FOR DESERVING STUDENT | $4,300 |