Everett W And Marion E Mitchellfoundation
- Assets
- $6.5m
- Revenue
- $286.2k
- Investments
- $6.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 12/2006
- Data as of
- 08/2023
- EIN
- 20-7088204
Organization Overview
Everett W And Marion E Mitchellfoundation is located in Boston, MA. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Everett W And Marion E Mitchellfoundation 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 08/2023, Everett W And Marion E Mitchellfoundation generated $286.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $616.8k during the year ending 08/2023. While expenses have increased by 2.1% per year over the past 4 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.
Since 2020, Everett W And Marion E Mitchellfoundation has awarded 102 individual grants totaling $1,864,460. 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 |
|---|---|---|---|
Ronald Garmey Trustee | 5 | $80,730 | |
Colleen Macpherson Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47,084 |
| Dividends & Interest | $155,962 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,180 |
| Capital Gain Net Income | $83,180 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $286,226 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,730 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $155,501 |
| Contributions, gifts, grants paid | $461,292 |
| Total expenses and disbursements | $616,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $184,814 |
| 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 | $160,465 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,502,151 |
| 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, Everett W And Marion E Mitchellfoundation has awarded $461,292 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHEASTERN UNIVERSITY PURPOSE: AWARDED TO 5 STUDENTS FOR | $25,040 |
SALEM STATE UNIVERSITY PURPOSE: AWARDED TO 2 STUDENTS FOR | $2,641 |
BOSTON UNIVERSITY PURPOSE: AWARDED TO 3 STUDENTS FOR | $31,014 |
NORTH SHORE COMMUNITY COLLEGE PURPOSE: AWARDED TO 2 STUDENTS FOR | $4,487 |
PLYMOUTH STATE UNIVERSITY PURPOSE: AWARDED TO 1 STUDENT FOR | $5,000 |
ENDICOTT COLLEGE PURPOSE: AWARDED TO 3 STUDENTS FOR | $20,083 |