The Charles Family Charitable Foundation
- Assets
- $796.2k
- Revenue
- $40.4k
- Investments
- $791.4k
- Employees
- 0
- Location
- Gloucester, MA
- Founding
- 01/2001
- Data as of
- 11/2023
- EIN
- 04-3449084
Organization Overview
The Charles Family Charitable Foundation is located in Gloucester, MA. The organization was established in 2001. 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. Charles 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 11/2023, Charles Family Charitable Foundation generated $40.4k 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 (16.0%) each year. All expenses for the organization totaled $96.5k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Charles Family Charitable Foundation has awarded 59 individual grants totaling $226,025. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $330 |
| Dividends & Interest | $40,024 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,617 |
| Total operating and administrative expenses | $9,617 |
| Contributions, gifts, grants paid | $86,900 |
| Total expenses and disbursements | $96,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,786 |
| 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 | $796,234 |
| 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, The Charles Family Charitable Foundation has awarded $86,900 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
CAPE ANN PLEIN AIR PURPOSE: CHARITABLE | $200 |
MASS EYE AND EAR PURPOSE: CHARITABLE | $1,000 |
THE OPEN DOOR PURPOSE: CHARITABLE | $3,000 |
CAPE ANN ANIMAL AID PURPOSE: CHARITABLE | $1,000 |
CAPE ANN MUSEUM PURPOSE: CHARITABLE | $10,000 |
COPLEY SOCIETY PURPOSE: CHARITABLE | $10,000 |