Analog Devices Foundation
- Assets
- $30.4m
- Revenue
- $141.4k
- Investments
- $30.2m
- Employees
- 0
- Location
- Boston, MA
- Founding
- Data as of
- 10/2023
- EIN
- 84-4029107
Organization Overview
Analog Devices Foundation is located in Boston, MA. 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. Analog Devices 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 10/2023, Analog Devices Foundation generated $141.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (49.9%) each year. All expenses for the organization totaled $2.2m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Analog Devices Foundation has awarded 3,261 individual grants totaling $7,139,800. 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 |
|---|---|---|---|
Christina Dervin Executive Director | 40 | $0 | |
Prashanth Mahendra-Rajah Chair Of The Board (term End 6/2023) | 0.25 | $0 | |
Dan Leibholz Chair Of The Board (term Start 06/2023 | 0.25 | $0 | |
John Weidman President | 3 | $0 | |
Shelly Shaw Secretary | 3 | $0 | |
Michael Sondel Treasurer | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pnc | 10/30/23 | $115,726 |
Cliftonlarsenallen | 10/30/23 | $84,600 |
Cybergrants | 10/30/23 | $78,069 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $743,596 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$606,393 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,174 |
| Total Revenue | $141,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,742 |
| Depreciation | $15,997 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $117,350 |
| Total operating and administrative expenses | $375,435 |
| Contributions, gifts, grants paid | $1,777,927 |
| Total expenses and disbursements | $2,153,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $143,209 |
| 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 | $42,791 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $38,782 |
| Total assets | $30,426,368 |
| Accounts payable and accrued expenses | $86,009 |
| Grants payable | $345,018 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $11,742 |
| Total liabilities | $442,769 |
Grants Awarded
Over the last fiscal year, Analog Devices Foundation has awarded $1,879,157 in support to 1,385 organizations.
| Grant Recipient | Amount |
|---|---|
350 ORG PURPOSE: GENERAL SUPPORT | $52 |
22MOHAWKS PURPOSE: GENERAL SUPPORT | $31 |
26 WEST CHURCH PURPOSE: GENERAL SUPPORT | $2,059 |
24 FOUNDATION INC PURPOSE: GENERAL SUPPORT | $103 |
ABRAHAM LINCOLN ELEMENTARY PURPOSE: GENERAL SUPPORT | $52 |
ACTION AGAINST HUNGER USA PURPOSE: GENERAL SUPPORT | $106 |