Salem Community Benefits Inc
- Assets
- $144.2k
- Revenue
- $12.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, NH
- Founding
- 03/1999
- Data as of
- 03/2024
- 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 03/2024, Salem Community Benefits Inc generated $12.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.1%) each year. All expenses for the organization totaled $111.1k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Salem Community Benefits Inc has awarded 66 individual grants totaling $875,478. 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.
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 |
|---|---|---|---|
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 | $12,000 |
| Interest on Savings | $186 |
| 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 | $12,186 |
| 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 | $1,075 |
| Contributions, gifts, grants paid | $110,000 |
| Total expenses and disbursements | $111,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $132,178 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $12,000 |
| 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 | $144,178 |
| 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 $110,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BREAD AND ROSES PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
BRIGID'S HOUSE OF HOPE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
LAWRENCE COMMUNITY WORKS PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
LAWRENCE BOYS AND GIRLS CLUB PURPOSE: OFF SEASON HOOPS SUMMER BASKETBALL CAMP | $1,000 |
LAZARUS HOUSE INC PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
MERRIMAC HEIGHTS ACADEMY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |