Community Bank N A Foundation Of New England Inc
- Assets
- $1.7m
- Revenue
- $133.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- Williston, VT
- Founding
- 06/1968
- Data as of
- 08/2024
- EIN
- 03-6016628
Organization Overview
Community Bank N A Foundation Of New England Inc is located in Williston, VT. The organization was established in 1968. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Community Bank N A Foundation Of New England 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 08/2024, Community Bank N A Foundation Of New England Inc generated $133.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $109.1k during the year ending 08/2024. While expenses have increased by 9.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Community Bank N A Foundation Of New England Inc has awarded 327 individual grants totaling $617,450. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY BANK N.A. OF NEW ENGLAND FOUNDATION, INC. PROVIDES GRANTS TO IRC SECTION 501(C)(3) ORGANIZATIONS FOR ACCOMPLISHMENT OF VARIOUS CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Davis President & Trustee | 2 | $0 | |
Kelly Kimball Vice President & Trustee | 2 | $0 | |
Colleen Page Secretary & Trustee | 1 | $0 | |
Erin Pond Treasurer & Trustee | 2 | $0 | |
Jonathan Roddy Trustee | 1 | $0 | |
Anita Bourgeois Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,253 |
| Dividends & Interest | $41,734 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,739 |
| Capital Gain Net Income | $79,739 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $133,726 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $360 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$31 |
| Total operating and administrative expenses | $14,309 |
| Contributions, gifts, grants paid | $94,750 |
| Total expenses and disbursements | $109,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,261 |
| 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 | $1,697,416 |
| 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, Community Bank N A Foundation Of New England Inc has awarded $94,750 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
AUNT DOT'S PLACE INC PURPOSE: OPERATIONS | $500 |
ADDISON COUNTY COMMUNITY ACTION GROUP INC PURPOSE: OPERATIONS | $350 |
BARN OPERA INC PURPOSE: OPERATIONS | $250 |
BEAVER BROOK CHILDREN'S SCHOOL INC PURPOSE: OPERATIONS | $750 |
MCINDOES FALLS ACADEMY PURPOSE: OPERATIONS | $1,000 |
MOUNT MANSFIELD VILLAGES INC PURPOSE: OPERATIONS | $250 |