Ada B W Bacon Trust Uw Nect
- Assets
- $1.2m
- Revenue
- $141.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 12/1970
- Data as of
- 12/2022
- EIN
- 23-7425266
Organization Overview
Ada B W Bacon Trust Uw Nect is located in Boston, MA. The organization was established in 1970. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 12/2022, Ada B W Bacon Trust Uw Nect generated $141.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $120.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ada B W Bacon Trust Uw Nect has awarded 26 individual grants totaling $477,234. 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 |
|---|---|---|---|
Michael J Puzo Trustee | 0.5 | $5,580 | |
Joseph L Bierwirth Trustee | 0.5 | $5,580 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,012 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $113,412 |
| Capital Gain Net Income | $113,412 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $141,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,160 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,618 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $23,428 |
| Contributions, gifts, grants paid | $97,500 |
| Total expenses and disbursements | $120,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,300 |
| 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 | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,153,811 |
| 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, Ada B W Bacon Trust Uw Nect has awarded $97,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NVNA AND HOSPICE FOUNDATION PURPOSE: GENERAL PURPOSE | $30,000 |
SOUTH SHORE HEALTH SYSTEMS FOUNDATION PURPOSE: GENERAL PURPOSE | $30,000 |
WELLSPRING PURPOSE: GENERAL PURPOSE | $30,000 |
INTERFAITH SOCIAL SERVICES PURPOSE: GENERAL PURPOSE | $7,500 |