Overview
The Melrose Cooperative Bank Foundation is a philanthropic organization based in Melrose, Massachusetts. With assets totaling $2,416,323, the foundation operates with an annual revenue of $105,433 and expenses amounting to $133,016. It primarily focuses on funding initiatives within Massachusetts, specifically in cities such as Braintree, Danvers, Gloucester, Lynn, Malden, Melrose, Reading, Revere, Stoneham, and Wakefield. The foundation is managed by a board of directors, including Mary Beth McAteer-Margolis as President, and other directors such as Candy Brower, Stephen Anderson, and Elizabeth W McNelis, all of whom serve without compensation. The foundation does not specify particular subject areas for its funding, indicating a potentially broad philanthropic focus.
Focus Areas
Geographic Focus
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Financials
in 2024, compared to $2,301,090 in 2023
29 grants awarded in 2024
Of total expenses go to programs
Grants
Amount | Recipient | Purpose | Location | Year | |
---|---|---|---|---|---|
$15,000 | Melrose Orchestral Association | General OperatingSupport | PO Box 760715 Melrose, MA US | 2023 | |
$15,000 | The Food Drive | General OperatingSupport | 25 Sargent Street Melrose, MA US | 2023 | |
$15,000 | Mission of Deeds | General OperatingSupport | 6 Chapin Avenue Reading, MA US | 2024 | |
$14,500 | Greater Boston Stage Company | General OperatingSupport | 395 Main Street Stoneham, MA US | 2022 | |
$13,500 | Greater Boston Stage Company | General OperatingSupport | 395 Main Street Stoneham, MA US | 2024 | |
$12,000 | Melrose Affordable Housing Corporation | General OperatingSupport | 910 Main Street Melrose, MA US | 2022 | |
$12,000 | Mission of Deeds | General OperatingSupport | 6 Chapin Avenue Reading, MA US | 2022 | |
$12,000 | Mission of Deeds | General OperatingSupport | 6 Chapin Avenue Reading, MA US | 2023 | |
$10,000 | Melrose Orchestral Association | General OperatingSupport | PO Box 760715 Melrose, MA US | 2022 | |
$10,000 | The Fitch Home | General OperatingSupport | 75 Lake Avenue Melrose, MA US | 2022 |
People
Compensation data from most recent available 990 forms
Title | |||
---|---|---|---|
CB Candy Brower | Director | $0 | 2022 |
FGI Frank Giso III | Director | $0 | 2022 |
SA Stephen Anderson | Director | $0 | 2022 |
EWM Elizabeth W McNelis | Director | $0 | 2022 |
FPW F Peter Waystack | Director | $0 | 2022 |
Candy Brower
Director
Frank Giso III
Director
Stephen Anderson
Director
Elizabeth W McNelis
Director
F Peter Waystack
Director
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on December 15, 2024