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Filing year 2024

Melrose Cooperative Bank Foundation

Melrose, Massachusetts·EIN 46-5490603·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$73k
Total assets
$2.4M
Total expenses
$122k
Reported officers
10

Reported officers (all unpaid)

No paid executives reported in 2024. Melrose Cooperative Bank Foundation reported 10 unpaid officers and board members on its 990-PF.

President & Director
Director
Director
Director
Director
Director
Secretary & Director
Director
Treasurer & Director
Director

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$113k

Itemized grants

20

Median grant

$5k

RecipientLocationPurposeAmount
Mission of DeedsReading, MAGeneral OperatingSupport$17k
Greater Boston Stage CompanyStoneham, MAGeneral OperatingSupport$16k
The Food DriveMelrose, MAGeneral OperatingSupport$12k
Melrose Orchestral AssociationMelrose, MAGeneral OperatingSupport$10k
Follow Your Art Community Studios IncMelrose, MAGeneral OperatingSupport$10k
Community Coalition of Melrose IncMelrose, MAGeneral OperatingSupport$8k
Friends of the Middlesex Fells ReservationMelrose, MAGeneral OperatingSupport$5k
Melrose High School PTO- Grad NightMelrose, MAGraduation Night$5k
Mystic Valley Elder ServicesMalden, MAMoney ManagementProgram$5k
Polymnia Choral SocietyMelrose, MAGeneral OperatingSupport$5k
Melrose Farmers MarketMelrose, MAGeneral OperatingSupport$5k
Melrose Alliance Against ViolenceMelrose, MAGeneral OperatingSupport$3k
The Bridge A School and Community PartnershipMelrose, MAGeneral OperatingSupport$3k
The Immigrant Learning Center IncMalden, MAGeneral OperatingSupport$3k
The May InstituteRevere, MAGeneral OperatingSupport$2k
Friends of Memorial Hall IncMelrose, MAGeneral OperatingSupport$2k
Kaplan Family Hospice House Care DimensionsDanvers, MAGeneral OperatingSupport$1k
Housing Families IncMalden, MAGeneral OperatingSupport$1k
Potencia IncMalden, MAGeneral OperatingSupport$1k
Central Lincoln County YMCADamariscotta, MEGeneral OperatingSupport$1k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

Melrose Cooperative Bank Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$105k
$133k
2023
$73k
$122k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Massachusetts

Melrose Cooperative Bank Foundation reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Massachusetts earns a median of $17,596.

25th percentile
$5k
Median
$17,596
75th percentile
$66k
90th percentile
$171k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 925 organizations across 925 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Massachusetts
FAQ

Common questions about Melrose Cooperative Bank Foundation

What are Melrose Cooperative Bank Foundation's revenue and expenses?

In 2024, Melrose Cooperative Bank Foundation reported $73k in total revenue and $122k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.