Thl Charitable Foundation
- Assets
- $223.0k
- Revenue
- $558.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- Data as of
- 12/2023
- EIN
- 85-0549812
Organization Overview
Thl Charitable Foundation is located in Boston, MA. 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. Thl Charitable 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 12/2023, Thl Charitable Foundation generated $558.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $449.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (20.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Thl Charitable Foundation has awarded 37 individual grants totaling $2,102,383. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A DELAWARE NON-STOCK CORPORATION ORGANIZEDEXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING, FOR SUCHPURPOSES, THE MAKING OF DISTRIBUTIONS TO INDIVIDUALS ANDOTHER CHARITABLE ORGANIZATIONS, PROVIDED SUCH DISTRIBUTIONSARE MADE ON A TRUE CHARITABLE BASIS IN FURTHERANCE OF THEFOUNDATION'S CHARITABLE PURPOSES. THE FOUNDATION WAS INITIALLY CREATED TO SUPPORT PEOPLESTRUGGLING DURING THE COVID-19 PANDEMIC, AND EXPANDED ITSFOCUS TO INCLUDE SOCIAL AND RACIAL JUSTICE INITIATIVES. THEFOUNDATION WILL CONTINUE TO EXIST AS AN OPEN-ENDED RELIEFPROGRAM TO ASSIST VICTIMS OF FUTURE DISASTERS OR HARDSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mcdonnell Treasurer | 1 | $0 | |
Rachel Coburn Secretary | 1 | $0 | |
Todd Abbrecht Director | 1 | $0 | |
Anthony Dinovi Director | 1 | $0 | |
Mark Abodeely Director | 1 | $0 | |
Josh Bresler Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $558,900 |
| 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 | $558,900 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,900 |
| Contributions, gifts, grants paid | $440,908 |
| Total expenses and disbursements | $449,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,992 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $31,000 |
| 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 | $222,992 |
| 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, Thl Charitable Foundation has awarded $440,908 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT HOPE BOSTON PURPOSE: IN-KIND DONATION OF BACKPACKS | $29,484 |
GIVINGA FOUNDATION PURPOSE: CHARITABLE RESEARCH | $30,000 |
EASTIE FARM PURPOSE: GENERAL WELFARE | $12,250 |
HEADING HOME PURPOSE: ANNUAL GIFT INITIATIVE | $3,174 |
LEADERSHIP BRAINERY PURPOSE: PARTNERSHIP GRANT | $25,000 |
PROJECT HOPE BOSTON PURPOSE: PARTNERSHIP GRANT | $75,000 |