Friends Of Mascoma Foundation
- Assets
- $420.0k
- Revenue
- $333.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Canaan, NH
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 47-2098479
Organization Overview
Friends Of Mascoma Foundation is located in Canaan, NH. The organization was established in 2015. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Friends Of Mascoma Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Mascoma 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 12/2021, Friends Of Mascoma Foundation generated $333.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $238.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AND MAINTAIN A PHILANTHROPIC ORGANIZATION TO BENEFIT THE MASCOMA VALLEY REGIONAL SCHOOL DISTRICT. THE PURPOSE IS TO PROVIDE SUPPORT TO THE MASCOMA VALLEY REGIONAL SCHOOL DISTRICT ON SHORT-TERM AND LONG-TERM INITIATIVES THAT FOSTER EDUCATIONAL DEVELOPMENT AND NUTRITIONAL WELL-BEING FOR OUR STUDENTS AND THEIR FAMILIES. THE BENEFICIARIES OF THE FOUNDATION ARE THE SCHOOL FACILITIES, FACULTY, STUDENTS, AND THEIR FAMILIES WITHIN THE DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS FEEDING FRIENDS IS OUR PROGRAM THAT ADDRESSES FOOD INSECURITY, NUTRITIONAL WELL-BEING AND FOOD WASTE IN OUR MASCOMA VALLEY. WE ARE AGENTS OF THE NEW HAMPSHIRE FOOD BANK TO PROVIDE THEIR RESOURCES TO OUR THREE REGISTERED FOOD PANTRIES. WE HAVE AN IN-HOUSE PANTRY AT THE MASCOMA VALLEY REGIONAL HIGH SCHOOL THAT OFFERS 4 SCHOOL BUILDINGS SNACKS DURING THE SCHOOL DAY AS WELL AS BACKPACKS TO TAKE HOME. DURING ALL SCHOOL BREAKS BOXES OF FOOD TO SUPPLEMENT SCHOOL FAMILIES' WEEKLY FOOD ARE PROVIDED. STUDENT SCHOOL GROUPS WILL ORGANIZE THE FOOD AND HELP DISTRIBUTE IT TO FAMILIES. WE ALSO OPERATE TWO PUBLIC FOOD PANTRIES (ENFIELD AND CANAAN) THAT ARE OPEN ONCE A WEEK AND ACCESSIBLE TO ANY RESIDENTS OF THE MASCOMA VALLEY TOWNS OF CANAAN, DORCHESTER, ENFIELD, GRAFTON AND ORANGE. WE HAVE DISTRIBUTED OVER 95000 POUNDS OF FOOD AND PERSONAL ARTICLES DURING 2021. WE HAD 1122 HOUSEHOLDS VISIT OUR PUBLIC PANTRIES THAT COMPRISED OF 2007 INDIVIDUALS THAT NEEDED ASSISTANCE. WE HAVE OVER 600 HOUSEHOLDS REGISTERED AS CLIENTS TO DATE. WE ARE PART OF A NH FEEDING NH PARTNERSHIP WITH THE NEW HAMPSHIRE FOOD BANK THAT ENABLES US TO PURCHASE FRESH PRODUCE FROM LOCAL FARMS.
OUR MINI-GRANT PROGRAM PROMOTES AND ENCOURAGES OUR MASCOMA VALLEY REGIONAL SCHOOL DISTRICT STAFF TO FACILITATE GREAT TEACHING IDEAS OR CREATIVE ENRICHMENT PROJECTS AND RESOURCES THAT BENEFIT OUR STUDENTS. WE AWARDED $4208.41 TO PROJECTS SUCH AS A SCIENCE EXPERIMENT (CONCENTRATION OF ACID IN VINEGAR EXPERIMENT), DIVERSITY AND INCLUSION BOOKS FOR THE ELEMENTARY LIBRARY,AND A HANDS-ON CRAFTWORKS PROJECT WITH A MASTER WOODSMAN, AND A CREATIVE ONLINE PROGRAM CALLED BREAKOUT.EDU. WE ARE HOPEFUL THAT LESS COVID RESTRICTIONS WILL ALLOW STAFF TO UTILIZE THIS RESOURCE MORE.
OUR SCHOLARSHIP PROGRAM AWARDS SCHOLARSHIPS TO RECENT GRADUATING SENIORS AS WELL AS PAST SCHOLARSHIP RECIPIENTS TO EARN A SUPPLEMENTAL AMOUNT TOWARDS FOUR YEAR, TRADE, TECHNICAL OR CERTIFICATION SCHOOLS. APPLICANTS MUST SUBMIT AN APPLICATION AND THE BOARD OF DIRECTORS MEET AND VOTE ON AWARDING THE SCHOLARSHIPS ANNUALLY. WE THEN PRESENT THEM IN PERSON ON AWARDS NIGHT. WE AWARDED $21,784.00 IN 2021 THAT INCLUDED 19 GRADUATING SENIORS. ONE OF OUR HOPES FOR THE FUTURE IS WE CAN PUBLICIZE AND PROMOTE TRADES SCHOOLS MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eula Kozma Executive Director | Officer | 30 | $47,463 |
Katherine Stewart Vice President | OfficerTrustee | 5 | $0 |
Carolyn Cusick Treasurer | OfficerTrustee | 15 | $0 |
Holly West President | OfficerTrustee | 5 | $0 |
Elizabeth Murray Secretary | OfficerTrustee | 1 | $0 |
Sayer Palmer Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $73,626 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,601 |
| Noncash contributions included in lines 1a–1f | $121,838 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $322,227 |
| Total Program Service Revenue | $0 |
| Investment income | $90 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $10,938 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $333,255 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,579 |
| Grants and other assistance to domestic individuals. | $22,219 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,842 |
| Compensation of current officers, directors, key employees. | $4,218 |
| Compensation to disqualified persons | $18,063 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $250 |
| Payroll taxes | $4,664 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $650 |
| Fees for services: Accounting | $1,033 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,204 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $374 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,786 |
| All other expenses | $0 |
| Total functional expenses | $238,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,994 |
| Savings and temporary cash investments | $129,900 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,120 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $420,014 |
| Accounts payable and accrued expenses | $8,100 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,100 |
| Net assets without donor restrictions | $411,327 |
| Net assets with donor restrictions | $587 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $420,014 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Friends Of Mascoma Foundation has recieved totaling $37,692.
| Awarding Organization | Amount |
|---|---|
New Hampshire Center For Nonprofits Concord, NH PURPOSE: OPERATIONS | $11,374 |
Couch Family Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $10,000 |
Wolfe Fam Charitable Foundation Tr Sylvania, OH PURPOSE: TO SUPPORT | $5,000 |
Arthur Ashley Williams Foundation Penobscot, ME PURPOSE: GENERAL | $5,000 |
Agnes M Lindsay Trust Chelmsford, MA PURPOSE: FOOD PANTRIES,FOOD BANKS | $3,500 |
Agnes M Lindsay Trust Chelmsford, MA PURPOSE: FOOD PANTRIES,FOOD BANKS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Hampshire Charitable Foundation Concord, NH | $946,933,381 | $84,058,560 |
Maine Community Foundation Inc Ellsworth, ME | $775,677,002 | $98,048,575 |
Vermont Community Foundation Middlebury, VT | $310,876,312 | $39,275,546 |
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA | $235,546,714 | $26,961,716 |
Greater Worcester Community Foundation Inc Worcester, MA | $200,476,252 | $22,847,423 |
Southcoast Community Foundation Inc New Bedford, MA | $53,147,669 | $13,725,688 |
Greater Lowell Community Foundation Inc Lowell, MA | $59,223,650 | $8,473,367 |
Foundation For Metrowest Inc Natick, MA | $31,216,524 | $9,263,838 |
Community Foundation Of North Central Massachusetts Inc Fitchburg, MA | $67,231,130 | $10,261,158 |
Cambridge Community Foundation Cambridge, MA | $50,483,194 | $9,505,977 |