General Charitable Society Of Newburyport
- Assets
- $1.2m
- Revenue
- $94.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 03/1977
- Data as of
- 10/2022
- EIN
- 04-2589680
Organization Overview
General Charitable Society Of Newburyport is located in Newburyport, MA. The organization was established in 1977. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, 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. General Charitable Society Of Newburyport 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 10/2022, General Charitable Society Of Newburyport generated $94.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $73.7k during the year ending 10/2022. While expenses have increased by 3.7% per year over the past 5 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.
Since 2015, General Charitable Society Of Newburyport has awarded 40 individual grants totaling $231,454. 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
SCHOLARSHIP PROGRAM TO GRADUATING NEWBURYPORT HIGH SCHOOL STUDENTS 21,000.00
ASSISTANCE TO NEEDY INDIVIUALS OF GREATER NEWBURYPORT 22813.00
LOCAL NON PROFITS OF NEWBURYPORT 2000.00
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eilleen Lucey President | 2 | $6,000 | |
Diana Goodwin Treasurer | 2 | $3,600 | |
Martha Leen Secretary | 1 | $1,000 | |
Deborah Knight Assit.treasu | 1 | $500 | |
Sue Blumensheid Vice Preside | 1 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $44,475 |
| Interest on Savings | $70 |
| Dividends & Interest | $62,519 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,316 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,748 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $153 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,296 |
| Total operating and administrative expenses | $27,936 |
| Contributions, gifts, grants paid | $45,813 |
| Total expenses and disbursements | $73,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,776 |
| Savings and temporary cash investments | $62,018 |
| 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 | $0 |
| Total assets | $1,232,097 |
| 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, General Charitable Society Of Newburyport has awarded $45,813 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NEWBURYPORT RESIDENTS PURPOSE: BASIC NEEDS ASSISTANCE | $22,813 |
NEWBURYPORT STUDENTS PURPOSE: TUITION ASSISTANCE | $21,000 |
LYDIA'S KIDS PURPOSE: ASSISTANCE TO CHILDREN | $500 |
COMMUNITY SERVICES PURPOSE: BASIC NEEDS ASSISTANCE | $500 |
FRIENDS OF NEWBURYPORT LIBRARY PURPOSE: ASSISTENCE TO NBPT RESIDENTS | $500 |
BOYS GIRLS CLUB PURPOSE: ASSISTANCE TO CHILDREN | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that General Charitable Society Of Newburyport has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philanthropy New York Inc New York, NY | $10,485,290 | $4,060,793 |
Grantmakers In The Arts Bronx, NY | $3,825,984 | $2,308,802 |
New England Health Care Emp Union & Ct Nursing Hm Traing & Upgd Fnd Hartford, CT | $1,960,905 | $2,104,080 |
Western New York Grantmakers Association Inc Syracuse, NY | $1,728,088 | $1,086,609 |
Trustee Of Brantwood Camp Peterborough, NH | $17,417,792 | $1,376,254 |
National Association Of Corporate Directors Boston, MA | $1,367,793 | $869,422 |
Massachusetts Charitable Mechanic Association Quincy, MA | $4,186,500 | $833,377 |
University Associates Philanthropic Foundation Inc New York, NY | $31,741 | $11,696 |
Long Island Networking Elite Inc Huntington, NY | $42,869 | $337,964 |
Association Of Fundraising Professionals New York, NY | $462,920 | $209,001 |
Saranac Lake Voluntary Health Association Inc Saranac Lake, NY | $2,884,234 | $339,547 |
Next Level Social Impact Partners Inc Sherborn, MA | $378,526 | $555,288 |