Melrose Cooperative Bank Foundation

MELROSE, MA EIN: 46-5490603

Melrose Cooperative Bank Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in MELROSE, MA. IRS filing data is available from 2020 through 2024. In 2024, it awarded 20 grants totaling $113K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

Annual Giving

$113K

-10.9% YoY

Grant Count

20

-31.0% YoY

Avg Grant Size

$6K

+29.2% YoY

About Melrose Cooperative Bank Foundation

Based on IRS filings

Melrose Cooperative Bank Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in MELROSE, MA. IRS filing data is available from 2020 through 2024. In 2024, it awarded 20 grants totaling $113K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Cities

BostonBraintreeBurlingtonDamariscottaDanversGloucesterGrovelandLynnMaldenMedfordMelroseNew HavenNew YorkReadingRevereStonehamWakefieldWeston

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.120202021202220232024
Metric202420232022
Total Assets
Revenue
Expenses
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$32K$63K$95K$126K30 grants202019 grants202122 grants202229 grants202320 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Mission of Deeds$17KGreater Boston Stage Com…$16KThe Food Drive$12KMelrose Orchestral Assoc…$10KFollow Your Art Communit…$10KCommunity Coalition of M…$8KFriends of the Middlesex…$5KMelrose High School PTO-…$5KMystic Valley Elder Serv…$5KPolymnia Choral Society$5K

Grant Size Distribution

120 grants across all recorded years

120<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Open Grants

1 open opportunity from Melrose Cooperative Bank Foundation

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
Candy BrowerDirector1
Stephen AndersonDirector1
Elizabeth W McNelisDirector1
F Peter WaystackDirector1
Alan WhitneyDirector1
James OostermanSecretary & Director1
Judith ClarkDirector1
Mary Beth McAteer-MargolisPresident & Director1
Diane IndoratoTreasurer & Director1
Stephanie NelsonDirector1

Subject Areas

Focus areas based on grantmaking activity

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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