Josephine G Russell Trust
- Assets
- $9.3m
- Revenue
- -$70.8k
- Investments
- $9.2m
- Employees
- 0
- Location
- Andover, MA
- Founding
- 02/1972
- Data as of
- 12/2022
- EIN
- 04-2136910
Organization Overview
Josephine G Russell Trust is located in Andover, MA. The organization was established in 1972. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Josephine G Russell Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Josephine G Russell Trust has awarded 393 individual grants totaling $3,965,125. 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 |
|---|---|---|---|
Marsha E Rich ESQ Trustee | 10 | $7,500 | |
Eileen M Khoury Trustee | 10 | $7,500 | |
John T Pollanoesq Trustee | 10 | $7,500 | |
Rev Christopher Casey Trustee | 10 | $7,500 | |
Matthew A Kraunelis Trustee | 10 | $7,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39 |
| Dividends & Interest | $326,987 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$397,859 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$70,833 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,500 |
| Other employee salaries and wages | $11,584 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,610 |
| Depreciation | $0 |
| Occupancy | $4,200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74,313 |
| Total operating and administrative expenses | $185,674 |
| Contributions, gifts, grants paid | $492,125 |
| Total expenses and disbursements | $677,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $182,966 |
| 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 | $12,698 |
| 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 | $9,346,820 |
| 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, Josephine G Russell Trust has awarded $492,125 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
BELLESINI OSA ACADEMY PURPOSE: EDUCATION | $12,500 |
APPALACHIAN MOUNTAIN CLUB PURPOSE: CHARITY | $10,000 |
BOYS & GIRLS CLUB OF LAWRENCE PURPOSE: CHARITY | $15,000 |
BREAD & ROSES PURPOSE: CHARITY | $19,000 |
BREAD & ROSES HERITAGE COMMITTEE PURPOSE: CHARITY | $2,500 |
BROOKS SCHOOL PURPOSE: EDUCATION | $12,000 |