Fuller Trust Inc
- Assets
- $3.2m
- Revenue
- $241.0k
- Investments
- $2.5m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 11/1937
- Data as of
- 12/2020
- EIN
- 04-2104243
Organization Overview
Fuller Trust Inc is located in Boston, MA. The organization was established in 1937. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Fuller Trust 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 12/2020, Fuller Trust Inc generated $241.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $288.4k during the year ending 12/2020. While expenses have increased by 4.1% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LIVING ACCOMMODATIONS FOR THE INDIGENT ELDERLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Degiacomo Co-Trustee | 1 | $20,000 | |
Thomas P Jalkut Co-Trustee | 3 | $7,752 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nutter Mclennan & Fish Llp | 12/30/20 | $40,097 |
O'connor & Drew Pc | 12/30/20 | $5,450 |
Nutter Mclennan & Fish Llp | 12/30/20 | $27,752 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,628 |
| Dividends & Interest | $69,537 |
| Net Rental Income | $140,000 |
| Net Gain on Sale of Assets | $6,861 |
| Capital Gain Net Income | $6,861 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $241,026 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,752 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,749 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,735 |
| Total operating and administrative expenses | $106,783 |
| Contributions, gifts, grants paid | $181,615 |
| Total expenses and disbursements | $288,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $126,364 |
| 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 | $633,190 |
| Total assets | $3,212,239 |
| 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, Fuller Trust Inc has awarded $162,302 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Milton, MA PURPOSE: PROVIDE HOUSING AND RELATED SERVICES TO INDIGENT ELDERLY | $92,302 |
ROGERSON COMMUNITIES PURPOSE: PROVIDE HOUSING AND RELATED SERVICES TO INDIGENT ELDERLY | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold Grinspoon Foundation Agawam, MA | $968,665,027 | $58,159,410 |
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |