Flagg Family Foundation
- Assets
- $1.3m
- Revenue
- $30.3k
- Investments
- $1.0m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/2016
- Data as of
- 12/2022
- EIN
- 81-0722847
Organization Overview
Flagg Family Foundation is located in Boston, MA. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Flagg Family 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, Flagg Family Foundation generated $30.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $129.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Flagg Family Foundation has awarded 87 individual grants totaling $755,000. 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 |
|---|---|---|---|
Maribeth Prunier Trustee | 0 | $0 | |
Nancy F Mullen Trustee | 0 | $0 | |
Cynthia A Granger Trustee | 0 | $0 | |
John E Flagg III Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $734 |
| Dividends & Interest | $23,196 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,394 |
| Capital Gain Net Income | $6,394 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,324 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,003 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $15,720 |
| Contributions, gifts, grants paid | $113,500 |
| Total expenses and disbursements | $129,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $286,552 |
| 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 | $1,005,268 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,291,820 |
| 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, Flagg Family Foundation has awarded $113,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ASSUMPTION COLLEGE PURPOSE: UNRESTRICTED | $25,000 |
AUTISM SPEAKS PURPOSE: UNRESTRICTED | $10,000 |
CAROLINA MOON THEATER GROUP PURPOSE: UNRESTRICTED | $1,000 |
CURE JM FOUNDATION PURPOSE: UNRESTRICTED | $500 |
EDENTON HISTORICAL COMMISSION PURPOSE: UNRESTRICTED | $1,000 |
MEDSTAR HEALTH PURPOSE: FOR EWARD ECKENHOFF LEGACY ENDOWMENT | $10,000 |