The Moosemoss Foundation
- Assets
- $2.5m
- Revenue
- $739.1k
- Investments
- $2.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 80-0157429
Organization Overview
The Moosemoss Foundation is located in Boston, MA. The organization was established in 2008. 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. Moosemoss 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, Moosemoss Foundation generated $739.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $168.3k during the year ending 12/2022. While expenses have increased by 4.5% 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, Moosemoss Foundation has awarded 72 individual grants totaling $1,256,250. 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 |
|---|---|---|---|
Alice N Wellman Trustee | 1 | $0 | |
Bradford S Wellman Trustee | 1 | $0 | |
Richard L Wellman Trustee | 1 | $0 | |
David H Wellman Trustee | 1 | $0 | |
Katharine F Wellman Trustee | 1 | $0 | |
Howard B Wellman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,820 |
| Interest on Savings | $17,097 |
| Dividends & Interest | $64,022 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $651,176 |
| Capital Gain Net Income | $651,176 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $739,115 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,942 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $77 |
| Total operating and administrative expenses | $22,340 |
| Contributions, gifts, grants paid | $146,000 |
| Total expenses and disbursements | $168,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $259,746 |
| 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 | $2,511,855 |
| 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, The Moosemoss Foundation has awarded $438,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY CLOSET ELLSWORTH PURPOSE: TO BE USED FOR HANCOCK COUNTY COMMUNITY OUTREACH FOR HOLIDAY MEALS, HOLIDAY GIFTS, BOREDOM BAG PROGRAM AND SCHOOL CHILDREN'S NECESSITIES FUND. | $10,000 |
EMMAUS HOMELESS SHELTER PURPOSE: FOR GENERAL OPERATING FUNDS FOR THE CHARITY | $10,000 |
LOAVES AND FISHES FOOD PANTRY PURPOSE: FOR SUPPORT OF OUTFITTING THE TEACHING KITCHEN. | $10,000 |
PENOBSCOT MARINE MUSEUM PURPOSE: TO BE USED TO SUPPORT THE PENOBSCOT MARINE MUSEUM INTERNSHIP PROGRAM. | $22,000 |
MAINE SEA COAST MISSION PURPOSE: FOR THE EDGE PROGRAM IN SUPPORT OF THE AFTER SCHOOL PROGRAM AT THE ROSE M. GAFFNEY SCHOOL IN MACHIAS. | $40,000 |
RSU 24 MARINE PATHWAYS PURPOSE: IN SUPPORT OF THE 2022-2023 SUMNER MEMORIAL HIGH SCHOOL MARITIME STUDIES PROGRAM. | $14,000 |