Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc
- Assets
- $16.1m
- Revenue
- $1.2m
- Investments
- $15.6m
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 05/1997
- Data as of
- 12/2022
- 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 12/2022, Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. 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 766 individual grants totaling $16,520,719. 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 | 0.25 | $0 | |
Cindy M Johnson Trustee | 0.25 | $0 | |
John F Leary III Trustee | 0.25 | $0 | |
Jeremiah T Lewis Trustee | 0.25 | $0 | |
Michael J Jones President/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 | $1,741 |
| Dividends & Interest | $425,490 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $802,121 |
| Capital Gain Net Income | $1,455,390 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,229,352 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,886 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $880 |
| Total operating and administrative expenses | $21,166 |
| Contributions, gifts, grants paid | $2,348,297 |
| Total expenses and disbursements | $2,369,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $553,863 |
| 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 | $16,132,654 |
| 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 $5,953,297 in support to 278 organizations.
| Grant Recipient | Amount |
|---|---|
Gloucester, MA PURPOSE: EXEMPT PURPOSE | $1,000,000 |
Beverly, MA PURPOSE: EXEMPT PURPOSE | $800,000 |
Beverly, MA PURPOSE: EXEMPT PURPOSE | $500,000 |
Byfield, MA PURPOSE: EXEMPT PURPOSE | $390,000 |
Peabody, MA PURPOSE: EXEMPT PURPOSE | $300,000 |
Beverly, MA PURPOSE: EXEMPT PURPOSE | $292,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ruderman Family Foundation Newton, MA | $161,614,404 | $9,111,768 |
The Rona Jaffe Foundation Dix Hills, NY | $31,757,116 | $2,944,285 |
Mary Field And Vincent Dep Goubeau Charitable Tr 1996 Boston, MA | $0 | $23 |
Lostand Foundation Inc Cold Spring, NY | $0 | $2,083,089 |
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA | $16,132,654 | $1,229,352 |
Enterprise Foundation Tr New York, NY | $11,495,685 | $0 |
Murray Family Charitable Foundation Warren, RI | $31,961,943 | $3,940,832 |
Shoreland Foundation Inc Lloyd Harbor, NY | $17,307,030 | $9,179,290 |
Summit Foundation Inc Getzville, NY | $1,308,590 | $48,121 |
Roe Foundation Inc New York, NY | $4,790,106 | $5,727,059 |
Dreams R Us Foundation Shoreham, NY | $16,620,968 | $1,291,461 |
Virginia Cretella Mars Foundation New York, NY | $17,242,277 | $1,956,099 |