Mary T Lane Foundation
- Assets
- $3.1m
- Revenue
- $301.3k
- Investments
- $3.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 46-6868808
Organization Overview
Mary T Lane Foundation is located in Boston, MA. The organization was established in 2015. 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. Mary T Lane 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, Mary T Lane Foundation generated $301.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $239.1k during the year ending 12/2022. While expenses have increased by 5.5% 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, Mary T Lane Foundation has awarded 59 individual grants totaling $479,200. 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 | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $75,674 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $225,633 |
| Capital Gain Net Income | $225,633 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $301,307 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,144 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,499 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $48,070 |
| Contributions, gifts, grants paid | $191,000 |
| Total expenses and disbursements | $239,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $3,079,917 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,079,917 |
| 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, Mary T Lane Foundation has awarded $191,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MASSACHUSETTS - AMHERST-Z PURPOSE: SCHOLARSHIP | $20,000 |
UNIVERSITY OF VERMONT-H PURPOSE: SCHOLARSHIP | $20,500 |
MASSACHUSETTS MARITIME ACADEMY- H PURPOSE: SCHOLARSHIP | $5,000 |
MERRIMACK COLLEGE - M PURPOSE: SCHOLARSHIP | $5,000 |
UNIVERSITY OF MASSACHUSETTS - AMHERST-P PURPOSE: SCHOLARSHIP | $5,000 |
UNIVERSITY OF VERMONT - L PURPOSE: SCHOLARSHIP | $10,000 |