Nute Charitable Association
- Assets
- $910.3k
- Revenue
- $20.8k
- Investments
- $856.5k
- Employees
- 0
- Location
- Concord, NH
- Founding
- 07/1942
- Data as of
- 05/2024
- EIN
- 02-6006797
Organization Overview
Nute Charitable Association is located in Concord, NH. The organization was established in 1942. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nute Charitable Association 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 05/2024, Nute Charitable Association generated $20.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $63.1k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nute Charitable Association has awarded 125 individual grants totaling $421,312. 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 |
|---|---|---|---|
Michael Taatjes Treasurer | 0 | $0 | |
David Johnson President | 0 | $0 | |
Maureen Steer Secretary | 0 | $0 | |
Loretta Banks Director | 0 | $0 | |
Lisa Delimont Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,221 |
| Dividends & Interest | $25,579 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,951 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,849 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $220 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81 |
| Total operating and administrative expenses | $15,836 |
| Contributions, gifts, grants paid | $47,260 |
| Total expenses and disbursements | $63,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,715 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| 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 | $910,263 |
| 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, Nute Charitable Association has awarded $47,260 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
END 68 HOURS OF HUNGER PURPOSE: GENERAL RELIEF | $4,835 |
CARMEN HAMEL PURPOSE: GENERAL RELIEF | $7,335 |
CHARLENE GRAY PURPOSE: GENERAL RELIEF | $7,335 |
CLAIRE WILLIAMS PURPOSE: GENERAL RELIEF | $7,335 |
HOLLY MANNING PURPOSE: GENERAL RELIEF | $1,500 |
JUSTIN BROOKS PURPOSE: GENERAL RELIEF | $3,000 |