Yawkey Foundation
- Assets
- $64.2m
- Revenue
- $739.6k
- Investments
- $62.5m
- Employees
- 0
- Location
- Dedham, MA
- Founding
- 04/1977
- Data as of
- 12/2022
- EIN
- 13-2890749
Organization Overview
Yawkey Foundation is located in Dedham, MA. The organization was established in 1977. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Yawkey 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, Yawkey Foundation generated $739.6k 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 (30.0%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Yawkey Foundation has awarded 62 individual grants totaling $6,667,301. 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
THE FOUNDATION MADE DIRECT PAYMENTS FOR RENOVATION AND REPAIRS COSTS INCURRED FOR THE TOM YAWKEY WILD LIFE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John L Harrington Board Chair / Trustee | 4 | $0 | |
William B Gutfarb Trustee | 3 | $0 | |
Maureen H Bleday Chief Executive Officer | 10 | $81,098 | |
Justin P Morreale Trustee | 3 | $0 | |
John M Redmond COO / CFO & Treasurer | 10 | $55,535 | |
John A Desisto Chief Investment Officer | 10 | $61,705 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Terakeet Llc | 12/30/21 | $157,000 |
Vaughan Nelson Investment Management | 12/30/21 | $149,812 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,566 |
| Dividends & Interest | $1,161,777 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$433,247 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,527 |
| Total Revenue | $739,623 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $249,465 |
| Other employee salaries and wages | $81,381 |
| Pension plans, employee benefits | $187,618 |
| Interest | $0 |
| Taxes | $39,972 |
| Depreciation | $2,533 |
| Occupancy | $35,044 |
| Travel, conferences, and meetings | $8,888 |
| Printing and publications | $267 |
| Other expenses | $41,294 |
| Total operating and administrative expenses | $1,135,516 |
| Contributions, gifts, grants paid | $2,554,326 |
| Total expenses and disbursements | $3,689,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,093 |
| Savings and temporary cash investments | $803,571 |
| 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 | $5,979,796 |
| Net Land, buildings, and equipment | $808,476 |
| Other assets | $0 |
| Total assets | $64,245,408 |
| 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, Yawkey Foundation has awarded $2,554,326 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEN-CHASE FOUNDATION PURPOSE: TO SUPPORT THE RENOVATION OF GIBBS DINING HALL BUILDING | $25,000 |
ALLEN-CHASE FOUNDATION PURPOSE: SCHOLARSHIP PROGRAM | $50,000 |
CAMP HARBOR VIEW FOUNDATION INC PURPOSE: RECREATION & ENRICHMENT CAMP OPPORTUNITIES FOR UNDERSERVED YOUTH | $50,000 |
BOY SCOUTS OF AMERICA PURPOSE: RECREATION & ENRICHMENT CAMP OPPORTUNITIES FOR UNDERSERVED YOUTH | $15,000 |
CLERGY HEALTH AND RETIREMENT TRUST PURPOSE: RECREATION & ENRICHMENT FOR RETIRED CLERGY | $50,000 |
CHILDREN'S RECOVERY CENTER PURPOSE: WRAPAROUND BASIC NEEDS FOR UNDERSERVED YOUTH | $15,000 |