Mathworks Foundation Inc
- Assets
- $268.0m
- Revenue
- $6.8m
- Investments
- $266.6m
- Employees
- 0
- Location
- Natick, MA
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 83-1665375
Organization Overview
Mathworks Foundation Inc is located in Natick, MA. The organization was established in 2019. 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. Mathworks 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.
For the year ending 12/2023, Mathworks Foundation Inc generated $6.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (39.0%) each year. All expenses for the organization totaled $10.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mathworks Foundation Inc has awarded 29 individual grants totaling $61,225,500. 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 |
|---|---|---|---|
John Little President/director | 0.25 | $0 | |
Jeanne O'keefe Treasurer/director | 0.25 | $0 | |
Thomas M Spera Clerk | 0.25 | $0 | |
Steven Douglas Barbo Agent | 0.5 | $0 | |
James Rider Agent | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,752 |
| Dividends & Interest | $6,821,424 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $599 |
| Capital Gain Net Income | $599 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,825,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $96,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $502 |
| Total operating and administrative expenses | $100,652 |
| Contributions, gifts, grants paid | $9,850,000 |
| Total expenses and disbursements | $9,950,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,396,346 |
| Savings and temporary cash investments | $0 |
| 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 | $266,639,262 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $268,035,608 |
| 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, Mathworks Foundation Inc has awarded $28,350,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MASS AUDUBON SOCIETY INC PURPOSE: EXEMPT PURPOSE | $7,000,000 |
METROWEST YMCA PURPOSE: EXEMPT PURPOSE | $2,500,000 |
UNIVERSITY OF MASSACHUSETTS FOUNDATION INC PURPOSE: EXEMPT PURPOSE | $250,000 |
WIKIMEDIA ENDOWMENT PURPOSE: EXEMPT PURPOSE | $100,000 |
UNIVERSITY OF MASSACHUSETTS FOUNDATION INC PURPOSE: EXEMPT PURPOSE | $500,000 |
MASS AUDOBON SOCIETY INC PURPOSE: EXEMPT PURPOSE | $18,000,000 |