George A Dascomb Charitable Exempt Trust
- Assets
- $4.2m
- Revenue
- $171.4k
- Investments
- $4.0m
- Employees
- 0
- Location
- Bellows Falls, VT
- Founding
- 02/1999
- Data as of
- 12/2023
- EIN
- 03-6005799
Organization Overview
George A Dascomb Charitable Exempt Trust is located in Bellows Falls, VT. The organization was established in 1999. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. George A Dascomb Charitable Exempt 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 12/2023, George A Dascomb Charitable Exempt Trust generated $171.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $90.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George A Dascomb Charitable Exempt Trust has awarded 75 individual grants totaling $417,874. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF CHARITABLE ORGANIZATIONS IN THE WESTMINSTER TOWNSHIP OR SURROUNDING AREA WHICH BENEFIT THE CITIZENS OF WESTMINSTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg A Dascomb Director-Tru | 10 | $7,200 | |
Michael A Lisai Director-Tru | 10 | $7,200 | |
Kathleen Lisai Director-Tru | 101 | $7,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $151,851 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,575 |
| Capital Gain Net Income | $22,177 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $171,426 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,676 |
| Total operating and administrative expenses | $47,905 |
| Contributions, gifts, grants paid | $42,450 |
| Total expenses and disbursements | $90,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,593 |
| Savings and temporary cash investments | $883 |
| Net Accounts receivable | $3,164 |
| 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 | $13,318 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,158,471 |
| Accounts payable and accrued expenses | $9,832 |
| 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 | $9,832 |
Grants Awarded
Over the last fiscal year, George A Dascomb Charitable Exempt Trust has awarded $42,450 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
WESTMINSTER GAZETTE PURPOSE: HISTORY/REPORTS | $5,000 |
WESTMINSTER RECREATION CLUB PURPOSE: TOWN POOL MAINTENANCE | $6,000 |
SO EAST VT COMMUNITY ACTI PURPOSE: FUND DRIVE-OPERATIONS | $5,000 |
WESTMINTER EAST PARISH PURPOSE: BUILDING MAINTENANCE | $11,000 |
BELLOWS FALLS ALUMNI ASOC PURPOSE: BUS CHARTER | $850 |
CHRIS MOOREBF UNION HIGH SCHOOL PURPOSE: CHARTER BUS FOR FOOTBALL TEAM | $1,800 |