Charity Guild Inc
- Assets
- $901.0k
- Revenue
- $576.2k
- Investments
- $0.0
- Employees
- 15
- Location
- Brockton, MA
- Founding
- 03/1978
- Data as of
- 06/2022
- EIN
- 04-2622200
Organization Overview
Charity Guild Inc is located in Brockton, MA. The organization was established in 1978. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2022, Charity Guild Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charity Guild Inc 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 06/2022, Charity Guild Inc generated $576.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $395.2k during the year ending 06/2022. While expenses have increased by 7.4% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BASIC AND NECESSARY SERVICES TO THOSE UNABLE TO MEET THEIR PRIMARY NEEDS OF FOOD, CLOTHING AND HOUSEHOLD GOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TEMPORARY ASSISTANCE TO INDIGENT FAMILIES AND INDIVIDUALS IN THE FORM OF FOOD AND CLOTHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Asack-Younes Board Member | Trustee | 1 | $0 |
Marijo P Martin Treasurer/board Member | OfficerTrustee | 7.5 | $0 |
Geraldine Creedon Board Member | Trustee | 1 | $0 |
Barbara J Janelli Board Member | Trustee | 1 | $0 |
Patricia Lawton Board Member | Trustee | 1 | $0 |
Laura Murai Murphy Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $140 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,208 |
| All other contributions, gifts, grants, and similar amounts not included above | $480,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $557,183 |
| Total Program Service Revenue | $2,903 |
| Investment income | $485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,592 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $576,163 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,000 |
| Grants and other assistance to domestic individuals. | $58,453 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,037 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,715 |
| Payroll taxes | $20,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,171 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,095 |
| Advertising and promotion | $0 |
| Office expenses | $17,876 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,564 |
| Travel | $463 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,974 |
| Insurance | $8,406 |
| All other expenses | $476 |
| Total functional expenses | $395,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,694 |
| Savings and temporary cash investments | $293,062 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,045 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,541 |
| Net Land, buildings, and equipment | $317,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $901,023 |
| Accounts payable and accrued expenses | $40,214 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $40,214 |
| Net assets without donor restrictions | $412,271 |
| Net assets with donor restrictions | $448,538 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $901,023 |