Florence Savings Charitable Fndn Inc
- Assets
- $1.3m
- Revenue
- $73.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- Florence, MA
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 04-3422869
Organization Overview
Florence Savings Charitable Fndn Inc is located in Florence, MA. The organization was established in 1998. According to its NTEE Classification (I20) the organization is classified as: Crime Prevention, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florence Savings Charitable Fndn 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 12/2021, Florence Savings Charitable Fndn Inc generated $73.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $104.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Florence Savings Charitable Fndn Inc has awarded 159 individual grants totaling $360,500. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO DIRECT ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin R Day President | 1 | $0 | |
Sarah Darling Treasurer | 1 | $0 | |
Thomas Mccarthy Director | 1 | $0 | |
Heidi Christman Clerk | 1 | $0 | |
John E Ebbets Director | 1 | $0 | |
Frank Stellato Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,370 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,857 |
| Capital Gain Net Income | $18,105 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $73,227 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $909 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $54 |
| Total operating and administrative expenses | $3,708 |
| Contributions, gifts, grants paid | $100,500 |
| Total expenses and disbursements | $104,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $989 |
| Savings and temporary cash investments | $59,120 |
| 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 | $1,310,930 |
| 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, Florence Savings Charitable Fndn Inc has awarded $100,500 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF HAMPSHIRE COUNTY PURPOSE: EXEMPT PURPOSE | $5,000 |
Northampton, MA PURPOSE: EXEMPT PURPOSE | $5,000 |
DAKIN HUMANE SOCIETY PURPOSE: EXEMPT PURPOSE | $5,000 |
Northampton, MA PURPOSE: EXEMPT PURPOSE | $5,000 |
Hatfield, MA PURPOSE: EXEMPT PURPOSE | $5,000 |
AMHERST SURVIVAL CENTER PURPOSE: EXEMPT PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Everytown For Gun Safety Support Fund Inc New York, NY | $23,844,967 | $29,178,892 |
Sandy Hook Promise Foundation Newtown, CT | $20,925,465 | $25,529,583 |
Shalem Foundation New York, NY | $6,111,704 | $7,479,324 |
New York City Gay And Lesbian Anti-Violence Project Inc New York, NY | $4,284,931 | $4,454,475 |
New England State Police Information Network Inc Franklin, MA | $638,797 | $4,221,694 |
United Neighbors Housing Development Fund Company Inc Bronx, NY | $5,332,817 | $2,871,687 |
Dove Inc Quincy, MA | $1,310,619 | $3,335,042 |
Chinatown Preservation Housing Development Fund Company Inc New York, NY | $26,014,695 | $2,229,203 |
New Fordham Housing Development Fund Corp Bronx, NY | $3,647,598 | $1,634,666 |
March For Our Lives Foundation New York, NY | $1,184,264 | $1,233,506 |
St Johns Housing Development Fund Corporation Brooklyn, NY | $5,342,008 | $813,935 |
Rights & Democracy Education Fund Inc Burlington, VT | $896,041 | $1,564,835 |