The 1434 Foundation Inc
- Assets
- $65.1m
- Revenue
- -$1.7m
- Investments
- $63.0m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 47-2480352
Organization Overview
The 1434 Foundation Inc is located in Boston, MA. The organization was established in 2015. 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. 1434 Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, 1434 Foundation Inc has awarded 506 individual grants totaling $20,200,510. 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 |
|---|---|---|---|
Fotene J Demoulas President / Director | 45 | $0 | |
Thomas P Cote Treasurer / Clerk / Director | 10 | $0 | |
Charles Anton Director | 10 | $0 | |
Brianna Lawless Grants Program Offic | 40 | $131,890 | |
Kyla Sullivan Arts Program Officer | 30 | $99,100 | |
Darcy M Brownell Grants Program Offic | 20 | $69,471 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ballentine Partners | 12/30/18 | $290,323 |
Fidelity | 12/30/18 | $34,581 |
Dicicco Gulman & Company | 12/30/18 | $24,698 |
Melinda Marble | 12/30/18 | $10,575 |
Davis Malm & D'agostine | 12/30/18 | $4,528 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,328,051 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,260,910 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $277,936 |
| Total Revenue | -$1,654,923 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $350,054 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $238,373 |
| Depreciation | $0 |
| Occupancy | $58,306 |
| Travel, conferences, and meetings | $8,874 |
| Printing and publications | $18,779 |
| Other expenses | $202,366 |
| Total operating and administrative expenses | $1,206,782 |
| Contributions, gifts, grants paid | $3,714,513 |
| Total expenses and disbursements | $4,921,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,062,387 |
| 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 | $17,465,763 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $65,077,164 |
| 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 | $10,070 |
| Total liabilities | $10,070 |
Grants Awarded
Over the last fiscal year, The 1434 Foundation Inc has awarded $3,714,513 in support to 84 organizations.
| Grant Recipient | Amount |
|---|---|
ARTADIA PURPOSE: CHARITABLE | $30,000 |
ARTISTS FOR HUMANITY PURPOSE: CHARITABLE | $50,000 |
BOSTON AREA GLEANERS PURPOSE: CHARITABLE | $25,000 |
BARD COLLEGE PURPOSE: CHARITABLE | $50,000 |
BOSTON MEDICAL CENTER PURPOSE: CHARITABLE | $25,000 |
CAMP HARBOR VIEW FOUNDATION PURPOSE: CHARITABLE | $50,000 |