A M Fund
- Assets
- $1.3m
- Revenue
- $37.5k
- Investments
- $1.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/2002
- Data as of
- 12/2022
- EIN
- 04-6956130
Organization Overview
A M Fund is located in Boston, MA. The organization was established in 2002. 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. A M Fund 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, A M Fund generated $37.5k 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 (56.0%) each year. All expenses for the organization totaled $515.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, A M Fund has awarded 60 individual grants totaling $1,507,950. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arnold S Hiatt Trustee | 5 | $0 | |
Amy R Hiatt Trustee | 5 | $0 | |
Matthew T Hiatt Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $466,365 |
| Interest on Savings | $314 |
| Dividends & Interest | $6,911 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$436,097 |
| Capital Gain Net Income | $141,248 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $42,500 |
| Pension plans, employee benefits | $3,243 |
| Interest | $0 |
| Taxes | $3,612 |
| Depreciation | $0 |
| Occupancy | $20,140 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,136 |
| Total operating and administrative expenses | $106,976 |
| Contributions, gifts, grants paid | $408,000 |
| Total expenses and disbursements | $514,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,874 |
| 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 | $1,278,098 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,303,972 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $80,851 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $80,851 |
Grants Awarded
Over the last fiscal year, A M Fund has awarded $408,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE FOR JUSTICE & DEMOCRACY IN HAITI PURPOSE: GENERAL FUNDING | $25,000 |
ISABELLA STEWART GARDNER MUSEUM PURPOSE: GENERAL FUNDING | $33,000 |
J STREET EDUCATION FUND INC PURPOSE: GENERAL FUNDING | $60,000 |
MASS COMMUNITIES FOR ACTION NETWORK PURPOSE: GENERAL FUNDING | $15,000 |
MASSACHUSETTS BUDGET AND POLICY CENTER PURPOSE: GENERAL FUNDING | $15,000 |
MEDIA MATTERS PURPOSE: GENERAL FUNDING | $1,000 |