The Edward H Mank Foundation
- Assets
- $1.1m
- Revenue
- $245.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Needham, MA
- Founding
- 07/1985
- Data as of
- 12/2022
- EIN
- 22-2580000
Organization Overview
The Edward H Mank Foundation is located in Needham, MA. The organization was established in 1985. 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. Edward H Mank 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, Edward H Mank Foundation generated $245.2k 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 (3.2%) each year. All expenses for the organization totaled $261.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Edward H Mank Foundation has awarded 91 individual grants totaling $1,735,414. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $193,478 |
| Interest on Savings | $14 |
| Dividends & Interest | $4,533 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,191 |
| Capital Gain Net Income | $47,191 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $245,216 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,790 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,554 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,814 |
| Contributions, gifts, grants paid | $236,500 |
| Total expenses and disbursements | $261,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,970 |
| Savings and temporary cash investments | $1,112,738 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,146,708 |
| 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, The Edward H Mank Foundation has awarded $236,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ADOLESCENT CONSULTING SERVICES PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
CURE ALZHEIMERS FUND PURPOSE: GENERAL CHARITABLE PURPOSE | $30,000 |
LONGY SCHOOL OF MUSIC PURPOSE: GENERAL CHRITABLE PURPOSES | $7,000 |
MASS GENERAL HOSPITAL PURPOSE: GENERAL CHARITABLE PURPOSES | $65,000 |
MISC DONATIONS 2500 & UNDER PURPOSE: GENERAL CHARITABLE PURPOSE | $2,500 |
SQUASHBUSTERS PURPOSE: GENERALCHARITABLEPURPOSE | $100,000 |