Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc
- Assets
- $14.2m
- Revenue
- $998.5k
- Investments
- $13.9m
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 04-3353621
Organization Overview
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc is located in Newburyport, MA. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation 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 12/2023, Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc generated $998.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc has awarded 1,054 individual grants totaling $21,716,649. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Freeman J Condon Trustee (retired 08/2023) | 0.25 | $0 | |
Cindy M Johnson Trustee | 0.25 | $0 | |
John F Leary III Trustee | 0.25 | $0 | |
Michael J Jones President/trustee | 0.25 | $0 | |
Jeremiah T Lewis Trustee | 0.25 | $0 | |
R Drew Marc-Aurele Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,389 |
| Dividends & Interest | $397,274 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $598,471 |
| Capital Gain Net Income | $832,316 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $372 |
| Total Revenue | $998,506 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,575 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $485 |
| Total operating and administrative expenses | $56,560 |
| Contributions, gifts, grants paid | $1,986,930 |
| Total expenses and disbursements | $2,043,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,337 |
| Savings and temporary cash investments | $0 |
| 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 | $14,202,698 |
| 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, Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc has awarded $5,195,930 in support to 288 organizations.
| Grant Recipient | Amount |
|---|---|
1ST LT DEREK HINES SOLDIER ASSISTANCE FUND PURPOSE: EXEMPT PURPOSE | $7,500 |
ACORD FOOD PANTRY PURPOSE: EXEMPT PURPOSE | $5,000 |
ACTION INC PURPOSE: EXEMPT PURPOSE | $10,000 |
ADDISON GILBERT HOSPITAL CITIZENS FUND INC PURPOSE: EXEMPT PURPOSE | $5,000 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS PURPOSE: EXEMPT PURPOSE | $3,500 |
AMESBURY CARRIAGE MUSEUM INC PURPOSE: EXEMPT PURPOSE | $2,500 |