New England Grenfell Association
- Assets
- $12.9m
- Revenue
- $773.0k
- Investments
- $11.9m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/1925
- Data as of
- 12/2022
- EIN
- 04-2192696
Organization Overview
New England Grenfell Association is located in Boston, MA. The organization was established in 1925. 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. New England Grenfell Association 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 12/2022, New England Grenfell Association generated $773.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $695.5k during the year ending 12/2022. While expenses have increased by 2.5% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oliver A Spalding Treasurer/director | 3 | $0 | |
J Peter Chingos President/director | 0 | $0 | |
Donna Jeanloz Director | 2 | $0 | |
Jon E Steffensen ESQ Director | 0 | $0 | |
Ted Jeanloz 1st Vice President/director | 0 | $0 | |
Matthew Gallon 2nd Vice President/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,001 |
| Dividends & Interest | $314,636 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $431,887 |
| Capital Gain Net Income | $431,887 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,466 |
| Total Revenue | $772,990 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,626 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,963 |
| Printing and publications | $0 |
| Other expenses | $125 |
| Total operating and administrative expenses | $133,075 |
| Contributions, gifts, grants paid | $562,470 |
| Total expenses and disbursements | $695,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,047 |
| Savings and temporary cash investments | $900,623 |
| 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 | $8,175 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $133,450 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $34,819 |
| Total assets | $12,876,458 |
| Accounts payable and accrued expenses | $10,500 |
| Grants payable | $19,543 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $90,404 |
| Total liabilities | $120,447 |