Tom And Elena Matlack Foundation
- Assets
- $761.4k
- Revenue
- $32.1k
- Investments
- $723.6k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 04-6915654
Organization Overview
Tom And Elena Matlack Foundation is located in Boston, MA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Tom And Elena Matlack 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, Tom And Elena Matlack Foundation generated $32.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (26.3%) each year. All expenses for the organization totaled $227.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Tom And Elena Matlack Foundation has awarded 62 individual grants totaling $193,224. 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 |
|---|---|---|---|
Thomas M Matlack Trustee | 1 | $0 | |
Elena Matlack Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,757 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,797 |
| Capital Gain Net Income | $21,797 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $560 |
| Total Revenue | $32,114 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $159 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $96,820 |
| Total operating and administrative expenses | $137,114 |
| Contributions, gifts, grants paid | $90,167 |
| Total expenses and disbursements | $227,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,860 |
| 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 | $723,574 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,000 |
| Total assets | $761,434 |
| 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, Tom And Elena Matlack Foundation has awarded $90,167 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON HOT PINK PARTY PURPOSE: BREAST CANCER RESEARCH FOUNDATION | $1,700 |
BOYS & GIRLS CLUBS OF BOSTON PURPOSE: HELPING YOUNG PEOPLE BUILD STRONG CHARACTER AND REALIZE THEIR FULL POTENTIAL AS RESPONSIBLE CITIZENS AND LEADERS. | $10,000 |
BRIGHAM AND WOMEN'S HOSPITAL PURPOSE: CONNORS IGNITE FUND | $500 |
BOSTON MEDFLIGHT GIVING PURPOSE: NEW ENGLAND EVENT | $518 |
DANA-FARBER JIMMY FUND PURPOSE: CANCER RESEARCH & PATIENT CARE | $100 |
EMERALD NECKLACE CONSERVATORY PURPOSE: PARTY IN THE PARK | $3,250 |