Coburn Charitable Society
- Assets
- $833.0k
- Revenue
- $27.1k
- Investments
- $821.0k
- Employees
- 0
- Location
- Ipswich, MA
- Founding
- 08/1942
- Data as of
- 04/2024
- EIN
- 04-2104012
Organization Overview
Coburn Charitable Society is located in Ipswich, MA. The organization was established in 1942. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, 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. Coburn Charitable Society 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 04/2024, Coburn Charitable Society generated $27.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.6%) each year. All expenses for the organization totaled $54.1k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Coburn Charitable Society has awarded 38 individual grants totaling $189,048. 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 |
|---|---|---|---|
Dr Carl Soderland Secretary & Trustee | 1 | $0 | |
Carla Kolesar Trustee | 1 | $0 | |
Gavin Keenan President & Trustee | 1 | $0 | |
Josie Keenan Trustee | 1 | $0 | |
Scott Finlay Treasurer & Trustee | 1 | $0 | |
Matthew Knight Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,683 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,461 |
| Capital Gain Net Income | $5,461 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,144 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $810 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $597 |
| Total operating and administrative expenses | $10,319 |
| Contributions, gifts, grants paid | $43,820 |
| Total expenses and disbursements | $54,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,961 |
| 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 | $832,977 |
| 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, Coburn Charitable Society has awarded $43,820 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
IPSWICH COUNCIL ON AGING PURPOSE: TO PROVIDE HOME & RESIDENTIAL CARE TO ELDERLY | $2,500 |
FRIENDS OF THE IPSWICH ELDERLY INC PURPOSE: TO PROVIDE FUEL ASSISTANCE TO THE ELDERLY | $7,500 |
DINNERBELL PROJECT PURPOSE: TO PROVIDE MEALS FOR THE ELDERLY | $5,000 |
IPSWICH FAMILY YMCA PURPOSE: TO SUPPORT PROGRAMS FOR THE ELDERLY. | $2,500 |
NORTHEAST MASS YOUTH ORCHESTRA PURPOSE: TO SUPPORT SENIOR CITIZEN REACHOUT PROGRAMS | $2,000 |
THE OPEN DOOR PURPOSE: TO PROVIDE EMERGENCY GROCERIES FOR PEOPLE IN NEED | $7,500 |