Norfolk Charitable Trust
- Assets
- $12.7m
- Revenue
- $329.6k
- Investments
- $12.4m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1963
- Data as of
- 12/2021
- EIN
- 04-2294937
Organization Overview
Norfolk Charitable Trust is located in Boston, MA. The organization was established in 1963. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norfolk Charitable Trust 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 12/2021, Norfolk Charitable Trust generated $329.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $64.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Norfolk Charitable Trust has awarded 20 individual grants totaling $2,636,748. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSERVATION STORAGE AND CATALOG HISTORICAL COLLECTIONS AND MAINTENANCE OF MUSEUM QUALITY STORAGE FACILITY
CONSERVATION STORAGE AND CATALOG HISTORICAL COLLECTIONS AND MAINTENANCE OF MUSEUM QUALITY STORAGE FACILITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phoebe S Winder Trustee | 2 | $0 | |
Tore C Nelson Director | 2 | $0 | |
John P Kendall Trustee | 2 | $0 | |
Andrew W Kendall Trustee | 6 | $0 | |
Kenneth Meyers Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $195,146 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $132,253 |
| Capital Gain Net Income | $132,253 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,175 |
| Total Revenue | $329,576 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,240 |
| Depreciation | $0 |
| Occupancy | $53 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,342 |
| Total operating and administrative expenses | $64,583 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $64,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,157 |
| Savings and temporary cash investments | $296,059 |
| 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 | $12,373,849 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,036 |
| Total assets | $12,679,101 |
| 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, Norfolk Charitable Trust has awarded $1,377,175 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: IN-KIND DONATION OF BUILDING AND LAND TO THE TRUSTEES OF RESERVATIONS | $520,000 |
Amherst, MA PURPOSE: TO ENDOW THE KENDALL/PLIMPTON COLLECTION AT AMHERST COLLEGE | $375,000 |
NEW BEDFORD WHALING MUSEUM PURPOSE: DONATION OF THE GILKERSON COLLECTION TO THE NEW BEDFORD WHALING MUSEUM | $321,025 |
Boston, MA PURPOSE: TO SUPPORT THE TRANSFER OF LAND AND COLLECTIONS TO THE TRUSTEES OF RESERVATIONS | $141,150 |
Marion, MA PURPOSE: TO PROVIDE EQUIPMENT AND OTHER SPECIAL PROJECT NEEDS OF THE NAUTICAL SCIENCES DEPARTMENT | $10,000 |
New Bedford, MA PURPOSE: TO SUPPORT THE TRANSFER AND EXHIBITION OF THE GILKERSON COLLECTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Maritime Aquarium At Norwalk Inc South Norwalk, CT | $19,089,489 | $11,308,442 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Naismith Memorial Basketball Hall Of Fame Inc 1150 West Columbus Ave Springfield, MA | $33,159,743 | $5,379,532 |
National Museum Of Mathematics New York, NY | $42,218,242 | $9,885,068 |
Shelburne Museum Incorporated Shelburne, VT | $56,455,494 | $11,449,784 |
Bruce Museum Inc Greenwich, CT | $42,027,905 | $8,121,476 |
Brant Foundation Inc Greenwich, CT | $0 | $5,637,610 |
Amigos Del Museo Del Barrio New York, NY | $18,789,462 | $15,193,674 |
Stamford Museum And Nature Center Incorporated Stamford, CT | $11,412,059 | $5,227,746 |
American Museum Of The Moving Image Astoria, NY | $5,870,489 | $5,453,055 |
Rockwell Museum Corning, NY | $8,339,616 | $5,240,521 |
Museum Of Chinese In The America New York, NY | $11,986,346 | $14,599,749 |