Overview
What is The Lord Foundation Of Massachusetts Inc?
The Lord Foundation of Massachusetts Inc, located at 77 Massachusetts Avenue NE49-3142, Cambridge, MA 02139, is a nonprofit organization dedicated to supporting the Massachusetts Institute of Technology (MIT) and its programs. It accomplishes this mission by using the income from its assets to grant funds annually to MIT. The primary objective of these grants is to bolster MIT's activities and initiatives.
Is The Lord Foundation Of Massachusetts Inc legitimate?
The Lord Foundation Of Massachusetts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lord Foundation Of Massachusetts Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Lord Foundation Of Massachusetts Inc?
The Lord Foundation of Massachusetts Inc. primarily supports the Massachusetts Institute of Technology (MIT) and its initiatives. Leveraging the income from its assets, the foundation provides annual grants to MIT, contributing to various programs and activities at the institution. The foundation's mission is essentially to bolster MIT's educational, research, and development endeavors. By doing so, it plays a crucial role in fostering innovation and knowledge expansion within the academic community.
What is the revenue of The Lord Foundation Of Massachusetts Inc?
The Lord Foundation Of Massachusetts Inc's revenue in 2022 was $665,000.
Who are the executives of The Lord Foundation Of Massachusetts Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $741,078
- Other: $85,945
- Compensation: $0
- Related: $228,964
- Other: $57,443
- Compensation: $0
- Related: $540,810
- Other: $16,028
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $1,121,063
- Other: $505,502
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $256,824
- Other: $32,579
- Compensation: $0
- Related: $222,853
- Other: $63,496
Where can I find the form 990 for The Lord Foundation Of Massachusetts Inc?
The Lord Foundation Of Massachusetts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Lord Foundation Of Massachusetts Inc
The Lord Foundation of Massachusetts, Inc., is committed to supporting the Massachusetts Institute of Technology (MIT) and its various programs. As a grant-making organization, it utilizes its assets' income to fund annual grants for MIT's activities and initiatives. In essence, the foundation serves as a vital partner to MIT, contributing financially to enhance the institute's academic and research endeavors.
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Impact
October, 2024
The Lord Foundation of Massachusetts Inc significantly contributes to the advancement of education through its unwavering support for the Massachusetts Institute of Technology (MIT) and its various programs. By holding assets and generating income, the foundation provides annual grants that enhance MIT's capabilities and initiatives. This funding enables vital research, innovative projects, and academic programs, fostering an environment where students and faculty can thrive. The foundation's commitment to MIT not only supports the institution's immediate needs but also plays a crucial role in shaping the future of technology and education, thus having a lasting impact on society and the global landscape.
This information is meant to be a general summary of The Lord Foundation Of Massachusetts Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $665,000
- Gross Receipts: $748,000
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1981
NTEE Category
Code: B110 - Education
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