Jason C Somerville Trust
- Assets
- $1.2m
- Revenue
- $139.0k
- Investments
- $1.0m
- Employees
- 0
- Location
- Bethlehem, NH
- Founding
- 03/1974
- Data as of
- 12/2021
- EIN
- 02-6033716
Organization Overview
Jason C Somerville Trust is located in Bethlehem, NH. The organization was established in 1974. 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 the central organization for a national or regional group of organizations. Jason C Somerville Trust 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 12/2021, Jason C Somerville Trust generated $139.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $31.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Stevenson Trustee | 0.25 | $0 | |
Marie Stevenson Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,226 |
| Dividends & Interest | $12,878 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,849 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $138,953 |
| 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 | $1,935 |
| Total operating and administrative expenses | $17,348 |
| Contributions, gifts, grants paid | $14,500 |
| Total expenses and disbursements | $31,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $244,366 |
| 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 | $1,247,894 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $5,059 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $19,835 |
| Total liabilities | $24,894 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Libra Foundation Owen W Wells Trustee Portland, ME | $194,515,715 | $7,192,031 |
Hunt Street Fund Inc Needham, MA | $102,244,956 | $9,516,120 |
Thomas W Haas Foundation Greenland, NH | $135,774,612 | $23,898,654 |
James L Vincent Foundation Boston, MA | $11,098,257 | $1,513,039 |
Rose Foundation Boston, MA | $41,865 | $2,354,068 |
Irene E And George A Davis Foundation Springfield, MA | $74,799,666 | $13,067,801 |
Chorus Inc Boston, MA | $2,341,319 | $7,400,301 |
New North Citizens Council Springfield, MA | $3,852,208 | $8,039,203 |
Shaich Family Foundation Brookline, MA | $82,077,495 | $6,635,871 |
Cardinal Brook Trust Boston, MA | $0 | $3,583,411 |
Eos Foundation Harwich Port, MA | $36,608,075 | $6,380,573 |
Endowment For Health Inc Concord, NH | $94,601,301 | $13,835,099 |