Massmutual Foundation Inc
- Assets
- $30.2m
- Revenue
- $32.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 04/2016
- Data as of
- 12/2019
- EIN
- 47-4967720
Organization Overview
Massmutual Foundation Inc is located in Springfield, MA. The organization was established in 2016. According to its NTEE Classification (T21) the organization is classified as: Corporate 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.
For the year ending 12/2019, Massmutual Foundation Inc generated $32.0m in total revenue.
Since 2016, Massmutual Foundation Inc has awarded 381 individual grants totaling $66,647,155. 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 |
|---|---|---|---|
Dennis Duquette President/ceo | 3 | $0 | |
James Paul Puhala III Clerk | 2 | $0 | |
Maureen Morris Associate Treasurer (beg 2/19) | 2 | $0 | |
Noell Tuesta Associate Clerk | 2 | $0 | |
Judy Breault Director | 2 | $0 | |
Alison Mathias Vice President | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
La Clippers Llc | 12/30/19 | $87,500 |
Banner Seventeen Llc | 12/30/19 | $84,000 |
New Orleans Pelicans Nba Llc | 12/30/19 | $77,050 |
Suns Legacy Partners Llc | 12/30/19 | $80,000 |
Pse Holdings Llc | 12/30/19 | $72,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,040,776 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,040,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,121 |
| Printing and publications | $0 |
| Other expenses | $8,120,222 |
| Total operating and administrative expenses | $8,154,430 |
| Contributions, gifts, grants paid | $24,490,363 |
| Total expenses and disbursements | $32,644,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,400,858 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $27,825,288 |
| 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 | $30,226,146 |
| Accounts payable and accrued expenses | $1,098,009 |
| Grants payable | $26,877,302 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $194 |
| Total liabilities | $27,975,505 |
Grants Awarded
Over the last fiscal year, Massmutual Foundation Inc has awarded $20,515,561 in support to 101 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MASSACHUSETTS PURPOSE: EXEMPT PURPOSE | $8,520,380 |
AMERICAN ONLINE GIVING FOUNDATION PURPOSE: EXEMPT PURPOSE | $2,246,081 |
Amherst, MA PURPOSE: EXEMPT PURPOSE | $1,500,000 |
Springfield, MA PURPOSE: EXEMPT PURPOSE | $977,495 |
SPRINGFIELD PUBLIC SCHOOLS PURPOSE: EXEMPT PURPOSE | $907,085 |
SPRINGFIELD PUBLIC SCHOOLS PURPOSE: EXEMPT PURPOSE | $888,430 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clark Foundation New York, NY | $474,828,323 | $16,578,389 |
John A Hartford Foundation New York, NY | $603,088,117 | $22,940,561 |
Phillip And Susan Ragon Foundation Cambridge, MA | $199,140,850 | $3,803,609 |
Goldman Sachs Foundation New York, NY | $593,971,382 | $30,787,463 |
Massmutual Foundation Inc Springfield, MA | $30,226,146 | $32,040,776 |
Oneworld Boston Inc Woburn, MA | $228,169,273 | $9,602,715 |
Foundation For Opioid Response Efforts New York, NY | $89,893,638 | $3,314,751 |
Blackstone Charitable Foundation New York, NY | $0 | $5,317,902 |
Cullen Foundation Buffalo, NY | $104,108,484 | $4,721,956 |
Deloitte Foundation Stamford, CT | $28,983,661 | $11,171,667 |
Brooklyn Community Foundation Brooklyn, NY | $76,726,622 | $7,587,394 |
Friends Of Ahavat Shalom Inc Monsey, NY | $2,196,588 | $7,837,037 |