Pmg Foundation
- Assets
- $698.4k
- Revenue
- $259.3k
- Investments
- $635.5k
- Employees
- 0
- Location
- Boston, MA
- Founding
- Data as of
- 12/2022
- EIN
- 85-3759530
Organization Overview
Pmg Foundation is located in Boston, MA. 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. Pmg 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, Pmg Foundation generated $259.3k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $273.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Pmg Foundation has awarded 14 individual grants totaling $800,000. 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 |
|---|---|---|---|
Wendy S Holding Co-Trustee | 1 | $1,830 | |
Amy L Domini Co-Trustee | 1 | $1,830 | |
Paul Miller Gamble Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,218 |
| Interest on Savings | $810 |
| Dividends & Interest | $5,420 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$47,118 |
| Capital Gain Net Income | $250,819 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $259,330 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,660 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,795 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $700 |
| Total operating and administrative expenses | $23,575 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $273,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $913 |
| Savings and temporary cash investments | $62,000 |
| 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 | $698,363 |
| 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, Pmg Foundation has awarded $250,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CORPORATE ACCOUNTABILITY PURPOSE: GENERAL PURPOSE | $100,000 |
PROJECT FREEWILL PURPOSE: GENERAL PURPOSE | $50,000 |
WHERE DO WE GO BERKELEY PURPOSE: GENERAL PURPOSES | $100,000 |