Norfolk Charitable Trust
- Assets
- $10.0m
- Revenue
- $130.6k
- Investments
- $9.8m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1963
- Data as of
- 12/2022
- 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 12/2022, Norfolk Charitable Trust generated $130.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $587.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Norfolk Charitable Trust has awarded 23 individual grants totaling $2,781,748. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 |
|---|---|---|---|
John P Kendall Trustee | 2 | $0 | |
Phoebe S Winder Trustee | 2 | $0 | |
Andrew W Kendall Trustee | 6 | $0 | |
Kenneth Meyers Trustee | 2 | $0 | |
Tore C Nelson Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $167 |
| Dividends & Interest | $220,965 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$92,064 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,495 |
| Total Revenue | $130,563 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,181 |
| Depreciation | $0 |
| Occupancy | $53 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,498 |
| Total operating and administrative expenses | $87,544 |
| Contributions, gifts, grants paid | $500,000 |
| Total expenses and disbursements | $587,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,448 |
| Savings and temporary cash investments | $144,203 |
| 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 | $9,826,052 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,289 |
| Total assets | $9,990,992 |
| 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 |
|---|---|
NEW BEDFORD WHALING MUSEUM PURPOSE: DONATION OF THE GILKERSON COLLECTION TO THE NEW BEDFORD WHALING MUSEUM | $321,025 |
OLD DARTMOUTH HISTORICAL SOCIETY PURPOSE: TO SUPPORT THE TRANSFER AND EXHIBITION OF THE GILKERSON COLLECTION | $10,000 |
TABOR ACADEMY PURPOSE: TO PROVIDE EQUIPMENT AND OTHER SPECIAL PROJECT NEEDS OF THE NAUTICAL SCIENCES DEPARTMENT | $10,000 |
THE TRUSTEES OF RESERVATIONS PURPOSE: IN-KIND DONATION OF BUILDING AND LAND TO THE TRUSTEES OF RESERVATIONS | $520,000 |
THE TRUSTEES OF RESERVATIONS PURPOSE: TO SUPPORT THE TRANSFER OF LAND AND COLLECTIONS TO THE TRUSTEES OF RESERVATIONS | $141,150 |
TRUSTEES OF AMHERST COLLEGE PURPOSE: TO ENDOW THE KENDALL/PLIMPTON COLLECTION AT AMHERST COLLEGE | $375,000 |