Arthur M And Martha R Pappas Foundation
- Assets
- $16.3m
- Revenue
- $733.5k
- Investments
- $16.3m
- Employees
- 0
- Location
- Stoneham, MA
- Founding
- 05/1989
- Data as of
- 12/2023
- EIN
- 22-2967957
Organization Overview
Arthur M And Martha R Pappas Foundation is located in Stoneham, MA. The organization was established in 1989. 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. Arthur M And Martha R Pappas 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 12/2023, Arthur M And Martha R Pappas Foundation generated $733.5k 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 (25.4%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Arthur M And Martha R Pappas Foundation has awarded 260 individual grants totaling $7,817,991. 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 |
|---|---|---|---|
Martha R Pappas Trustee | 0 | $0 | |
Samuel Kenary Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $59,657 |
| Dividends & Interest | $516,394 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $156,471 |
| Capital Gain Net Income | $156,471 |
| Net ST Capital Gain | $32,914 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $733,522 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,158 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,051 |
| Total operating and administrative expenses | $40,209 |
| Contributions, gifts, grants paid | $1,034,300 |
| Total expenses and disbursements | $1,074,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,339 |
| 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 | $2,144 |
| Investments—other | $1,286,642 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,319,454 |
| 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, Arthur M And Martha R Pappas Foundation has awarded $1,034,300 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ABBYS HOUSE PURPOSE: GENERAL | $10,000 |
AUBURN YOUTH & FAMILY SER PURPOSE: GENERAL | $1,300 |
FIRST CHURCH OF JAFFREY PURPOSE: GENERAL | $2,000 |
FIRST CONGREGATIONAL CHURCH OF AUBU PURPOSE: GENERAL | $2,000 |
MUSIC WORCESTER INC PURPOSE: GENERAL | $400,000 |
THE HANOVER THEATRE PURPOSE: GENERAL | $70,000 |