Salem Community Benefits Inc
- Assets
- $298.9k
- Revenue
- $100.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, NH
- Founding
- 03/1999
- Data as of
- 03/2022
- EIN
- 02-0499456
Organization Overview
Salem Community Benefits Inc is located in Salem, NH. The organization was established in 1999. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salem Community Benefits 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 03/2022, Salem Community Benefits Inc generated $100.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $110.5k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Salem Community Benefits Inc has awarded 43 individual grants totaling $607,478. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Beshara Director | 0.1 | $0 | |
Christian Breen Director | 0.1 | $0 | |
James Rausch Director | 0.1 | $0 | |
Nadema Gemmell Chairman | 0.1 | $0 | |
Ann R Lally Treasurer & Secretary | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $237 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,237 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $875 |
| Contributions, gifts, grants paid | $109,673 |
| Total expenses and disbursements | $110,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $198,853 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $100,000 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $298,853 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Salem Community Benefits Inc has awarded $109,673 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LAZARUS HOUSE INC PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
CATHOLIC CHARITIES NEW HAMPSHIRE DBA NH FOOD BANK PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
BREAD AND ROSES PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
BASILIAN SALVATION ORDER PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
FAMILY PROMISE OF SOUTHERN NEW HAMPSHIRE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
BRIGID'S HOUSE OF HOPE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Hampshire Community Loan Fund Concord, NH | $178,821,408 | $15,842,700 |
Masonic Education And Charity Trust Boston, MA | $82,618,373 | $2,222,498 |
Transgender Emergency Fund Of Massachusetts Dorchester, MA | $108,792 | $726,756 |
Management Information Exchange Boston, MA | $1,180,476 | $575,527 |
Stowe Community Fund Inc Stowe, VT | $187,518 | $382,274 |
Portside Foundation Falmouth, ME | $50,248 | $227,223 |
Medfield Foundation Inc Medfield, MA | $847,499 | $434,190 |
Salem Community Benefits Inc Salem, NH | $298,853 | $100,237 |
In The Weeds Inc Humarock, MA | $62,110 | $0 |
Friends Of Herter Park Inc Allston, MA | $55,349 | $0 |
First Night Uxbridge Inc Uxbridge, MA | $1,385 | $47,906 |
Kennebunk Rotary Charitable Fund Kennebunk, ME | $124,195 | $0 |