Meehan Foundation
- Assets
- $947.2k
- Revenue
- $74.7k
- Investments
- $936.9k
- Employees
- 0
- Location
- Providence, RI
- Founding
- 04/1958
- Data as of
- 12/2022
- EIN
- 05-6015366
Organization Overview
Meehan Foundation is located in Providence, RI. The organization was established in 1958. 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. Meehan 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, Meehan Foundation generated $74.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $159.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Meehan Foundation has awarded 177 individual grants totaling $926,500. 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 |
|---|---|---|---|
Peter Hunt Trustee | 0 | $0 | |
Charles W Ransom Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,897 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,787 |
| Capital Gain Net Income | $110,880 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,684 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,236 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $5,286 |
| Contributions, gifts, grants paid | $154,500 |
| Total expenses and disbursements | $159,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,309 |
| 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 | $13,827 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $947,234 |
| 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, Meehan Foundation has awarded $154,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
RONALD MCDONALD HOUSE PURPOSE: UNDERWRITE FAMILY STAYS AT THE HOUSE | $2,000 |
RISE PURPOSE: SUPPLEMENT TUITIONS OF STUDENTS IN SCHOLARSHIP PROGRAM | $3,000 |
AMOS HOUSE PURPOSE: SUPPORT SOUP KITCHEN | $15,000 |
THE LEARNING COMMUNITY PURPOSE: SUPPORT STUDENT TECHNOLOGY INITIATIVE | $10,000 |
RI COALITION AGAINST GUN VIOLENCE PURPOSE: SUPPORT GUN VIOLENCE EFFORTS | $15,000 |
SALVATION ARMY PURPOSE: PROVIDING FOOD, CLOTHING, SHELTER, ETC TO THE RHODE ISLAND POOR | $10,000 |