Clementi Family Charitable Trust
- Assets
- $3.7m
- Revenue
- $918.4k
- Investments
- $3.6m
- Employees
- 0
- Location
- Leominster, MA
- Founding
- 04/1992
- Data as of
- 12/2023
- EIN
- 04-3105942
Organization Overview
Clementi Family Charitable Trust is located in Leominster, MA. The organization was established in 1992. 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. Clementi Family 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 12/2023, Clementi Family Charitable Trust generated $918.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 50.6% each year . All expenses for the organization totaled $231.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Clementi Family Charitable Trust has awarded 198 individual grants totaling $2,292,326. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Clementi Trustee | 0 | $0 | |
Anna Clementi Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $331 |
| Dividends & Interest | $103,518 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $810,595 |
| Capital Gain Net Income | $810,595 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,000 |
| Total Revenue | $918,444 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,285 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $30,523 |
| Contributions, gifts, grants paid | $200,500 |
| Total expenses and disbursements | $231,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $64,010 |
| 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 | $3,672,980 |
| 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, Clementi Family Charitable Trust has awarded $200,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
APPLEWILD SCHOOL PURPOSE: CHARITABLE | $2,000 |
ARTS WORCESTER PURPOSE: CHARITABLE | $10,000 |
BOFFO PURPOSE: CHARITABLE | $1,500 |
BOSTON UNIVERSITY PURPOSE: CHARITABLE | $3,000 |
BOYS & GIRLS CLUB NORTH CENTRAL MA PURPOSE: CHARITABLE | $50,000 |
BROWN UNIVERSITY PURPOSE: CHARITABLE | $3,000 |