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Melrose Cooperative Bank Foundation

Melrose, MA 465490603

The Melrose Cooperative Bank Foundation, based in Melrose, MA, supports various initiatives across several Massachusetts cities, managed by a volunteer board of directors, with assets of over $2.4 million.

Overview

About Melrose Cooperative Bank Foundation

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

N/A

Geographic Focus

MA
Application Status

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Success Rates

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Average Grant Size

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Sample Match Score

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Match Score measures the compatibility between your organization and this funder based on focus areas alignment (92%), geographic location preferences (85%), previous grantees similarity (88%), grant size match (78%), application process compatibility (73%), and timeline compatibility (80%).

87%
Excellent compatibility match
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Key Statistics
Total Assets $2.4M
Total Awarded This Year $126K
Average Grant Size $4K
Total Grants (Previous Year) 5,240
Open to New Applicants
false
% New Applicants Funded
0%
Contact Information
Melrose, MA US
Geographic Funding Distribution

Financials

Total Assets
$2,416,323

in 2024, compared to $2,301,090 in 2023

Annual Grants
$126,300

29 grants awarded in 2024

Program Expenses
85%

Of total expenses go to programs

Annual Grant Distribution
Revenue vs Expenses
Assets Over Time

Grants

Grant Awards
70 grants found
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
Only the first 10 grants are currently displayed out of 70 total

People

Leadership & Staff

Compensation data from most recent available 990 forms

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
Showing 5 of 29 leadership and staff members

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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer

View on ProPublica Nonprofit Explorer

Last updated on December 15, 2024