Advisors Charitable Gift Fund Inc
- Assets
- $25.6m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Woburn, MA
- Founding
- 12/2003
- Data as of
- 10/2022
- EIN
- 01-0782573
Organization Overview
Advisors Charitable Gift Fund Inc is located in Woburn, MA. The organization was established in 2003. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advisors Charitable Gift Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2022, Advisors Charitable Gift Fund Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $9.0m during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Advisors Charitable Gift Fund Inc has awarded 1,602 individual grants totaling $48,522,681. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE CHARITABLE GIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND MADE GRANTS TO 1,000 CHARITABLE ORGANIZATIONS IN THE AREAS OF EDUCATION, CULTURE, RELIGION, SOCIAL SERVICES AND OVERCOMING POVERTY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Diane Cooksey Kessler Chairperson | OfficerTrustee | 1 | $2,500 |
Joseph Gibbons Director | Trustee | 1 | $2,500 |
David A St Yves Director | Trustee | 1 | $2,500 |
Mark O'connell Treasurer | OfficerTrustee | 1 | $2,000 |
William Hogan Jr Director | Trustee | 1 | $2,000 |
Ronald D Dean Vice Chairman | OfficerTrustee | 1 | $1,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benefit Trust Company Custody Services | 10/30/18 | $194,275 |
Northeast Retirement Services Llc Donor Accounting | 10/30/18 | $113,261 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,865,610 |
| Noncash contributions included in lines 1a–1f | $1,183,514 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,865,610 |
| Total Program Service Revenue | $207,205 |
| Investment income | $1,337,322 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $879,897 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,290,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,592,244 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,500 |
| Compensation of current officers, directors, key employees. | $15,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $128,600 |
| Fees for services: Legal | $2,146 |
| Fees for services: Accounting | $11,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,828 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,865 |
| Information technology | $3,200 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,858 |
| All other expenses | $0 |
| Total functional expenses | $8,982,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318 |
| Savings and temporary cash investments | $103,844 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,537 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $25,452,419 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,560,118 |
| Accounts payable and accrued expenses | $11,561 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,561 |
| Net assets without donor restrictions | $25,548,557 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,560,118 |
Grants Awarded
Over the last fiscal year, Advisors Charitable Gift Fund Inc has awarded $7,787,104 in support to 162 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: General Support | $3,471,136 |
Boston, MA PURPOSE: General Support | $848,789 |
Boston, MA PURPOSE: General Support | $269,178 |
Portland, OR PURPOSE: General Support | $260,000 |
Minneapolis, MN PURPOSE: General Support | $96,334 |
Doylestown, PA PURPOSE: General Support | $90,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Advisors Charitable Gift Fund Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Humanity United San Francisco, CA PURPOSE: GENERAL OPERATING SUPPORT | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advisors Charitable Gift Fund Inc Woburn, MA | $25,560,118 | $6,290,034 |
The Afsm Foundation New Haven, CT | $1,606,071 | $1,000,000 |
Constructive Dialogue Institute Inc New York, NY | $2,018,471 | $1,187,467 |
Shekel Hakodesh Dsatmar Inc Monroe, NY | $92,066 | $1,180,269 |
Uwvc Foundation Inc New York, NY | $541,216 | $743,045 |
Harpswell Foundation Concord, MA | $9,704,680 | $1,497,581 |
Milford Community Media Center Inc Milford, MA | $557,673 | $474,965 |
Np Minneapolis Industrial Llc Boston, MA | $18,987,088 | $1,225,241 |
Gateway Demonstration Assistance Corporation Brooklyn, NY | $54,240 | $0 |
New York State Local Government Services Corporation Albany, NY | $2,522,500 | $0 |
Ims Foundation Brooklyn, NY | $12,335 | $250,000 |
Children Of Long Island Inc Moriches, NY | $1,474,750 | $1,240,000 |