Crozier Family Charitable Foundation
- Assets
- $912.8k
- Revenue
- $78.1k
- Investments
- $870.1k
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 04-3368611
Organization Overview
Crozier Family Charitable Foundation is located in Wellesley, MA. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Crozier Family Charitable Foundation 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, Crozier Family Charitable Foundation generated $78.1k 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 (23.3%) each year. All expenses for the organization totaled $48.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Crozier Family Charitable Foundation has awarded 41 individual grants totaling $179,535. 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
NONE - GRANTMAKING ONLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William M Crozier Jr Trustee | 1 | $0 | |
Prudence S Crozier Trustee | 1 | $0 | |
The Rev Abigail Crozier Nestlehutt Trustee | 1 | $0 | |
Matthew E Crozier Trustee | 1 | $0 | |
Patience W Crozier Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $32,575 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,436 |
| Capital Gain Net Income | $45,436 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $54 |
| Total Revenue | $78,069 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $260 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39 |
| Total operating and administrative expenses | $9,510 |
| Contributions, gifts, grants paid | $38,655 |
| Total expenses and disbursements | $48,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,642 |
| 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 | $244,741 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $912,786 |
| 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, Crozier Family Charitable Foundation has awarded $38,655 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE NANTUCKET HISTORICAL ASSOCIATION PURPOSE: GENERAL CHARITABLE PURPOSES | $3,000 |
NE HISTORIC GENEALOGICAL SOCIETY PURPOSE: GENERAL CHARITABLE PURPOSES | $15,000 |
WELLESLEY COLLEGE PURPOSE: FOR THE CLAPP LIBRARY | $10,000 |
NANTUCKET LAND COUNCIL PURPOSE: GENERAL CHARITABLE PURPOSES | $2,000 |
NANTUCKET HISTORICAL SOCIETY PURPOSE: GENERAL CHARITABLE PURPOSES | $500 |
ST PAUL'S CATHEDRAL PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |