Rcb Charitable Foundation Inc
- Assets
- $929.1k
- Revenue
- $76.5k
- Investments
- $923.8k
- Employees
- 0
- Location
- Reading, MA
- Founding
- 09/1999
- Data as of
- 04/2024
- EIN
- 04-3466878
Organization Overview
Rcb Charitable Foundation Inc is located in Reading, MA. The organization was established in 1999. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rcb Charitable 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 04/2024, Rcb Charitable Foundation Inc generated $76.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $72.1k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (15.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Rcb Charitable Foundation Inc has awarded 145 individual grants totaling $411,233. 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 |
|---|---|---|---|
Terrence J Bane Director | 1 | $0 | |
Sally Boemer Mason Director | 1 | $0 | |
Paul Bolger Director | 1 | $0 | |
Yvonne Garcia Director | 1 | $0 | |
Michael J Linnane Director | 1 | $0 | |
James M Liston Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $48,855 |
| Interest on Savings | $16 |
| Dividends & Interest | $21,891 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,830 |
| Capital Gain Net Income | $5,830 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$84 |
| Total Revenue | $76,508 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,430 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $126 |
| Total operating and administrative expenses | $7,360 |
| Contributions, gifts, grants paid | $64,743 |
| Total expenses and disbursements | $72,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34 |
| Savings and temporary cash investments | $5,216 |
| 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 | $492,997 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $105 |
| Total assets | $929,128 |
| 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, Rcb Charitable Foundation Inc has awarded $64,743 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AGESPAN (FKA ELDER SERVICES MERRIMACK VALLEY) PURPOSE: FUNDRAISING SUPPORT | $1,000 |
ANDOVER SENIOR COMMUNITY FRIENDS PURPOSE: GENERAL SUPPORT | $500 |
BREAD & ROSES INC PURPOSE: GENERAL SUPPORT | $900 |
CITIZENS INN INC PURPOSE: STABILITY SPONSOR | $1,000 |
DANA FARBER CANCER INSTITUTE INC PURPOSE: HORSESHOE/JIMMY FUND GOLF TOURNAMENT | $250 |
ECONOMIC DEVELOPMENT & INDUSTRIAL CORPORATION OF LYNN PURPOSE: VETERAN'S FISHING DERBY | $500 |