Mashomack Foundation
- Assets
- $1.5m
- Revenue
- $147.1k
- Investments
- $1.4m
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 07/1971
- Data as of
- 11/2023
- EIN
- 23-7120560
Organization Overview
Mashomack Foundation is located in Rochester, NY. The organization was established in 1971. According to its NTEE Classification (T30) the organization is classified as: Public 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. Mashomack 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 11/2023, Mashomack Foundation generated $147.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $101.4k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mashomack Foundation has awarded 74 individual grants totaling $1,005,125. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 27 SCHOLARSHIPS TO COLLEGE-BOUND HIGH SCHOOL STUDENTS FOR STUDY AT COLLEGES AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Gregg Pulver Director | 5 | $4,128 | |
Anthony J Morabito Director | 5 | $4,128 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,100 |
| Interest on Savings | $3,238 |
| Dividends & Interest | $55,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $87,662 |
| Capital Gain Net Income | $87,662 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $147,072 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,256 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,750 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,234 |
| Total operating and administrative expenses | $32,605 |
| Contributions, gifts, grants paid | $68,750 |
| Total expenses and disbursements | $101,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,390 |
| Savings and temporary cash investments | $119,378 |
| 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 | $1,536,760 |
| 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, Mashomack Foundation has awarded $68,750 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SUNDAY IN THE COUNTRY FOOD DRIVE PURPOSE: LOCAL FOOD BANK | $5,000 |
PINE PLAINS HS STUDENTS PURPOSE: COLLEGE SCHOLARSHIPS TO HS STUDENTS | $51,250 |
CAMP KINDER RING PURPOSE: SUPPORT CAMP FREE TO BE ME PROGRAM | $5,000 |
KINGSTON CATHOLIC SCHOOL PURPOSE: ENHANCE STUDENT LEARNING PROGRAMS | $5,000 |
RHINEBECK ROTARY FOUNDATION INC PURPOSE: YOUTH INTERACT PROGRAM | $2,500 |