Rcb Charitable Foundation Inc
- Assets
- $912.0k
- Revenue
- $95.7k
- Investments
- $887.7k
- Employees
- 0
- Location
- Reading, MA
- Founding
- 09/1999
- Data as of
- 04/2022
- 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 04/2022, Rcb Charitable Foundation Inc generated $95.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $146.5k during the year ending 04/2022. While expenses have increased by 2.2% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Rcb Charitable Foundation Inc has awarded 75 individual grants totaling $249,528. 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 | |
Paul Bolger Director | 1 | $0 | |
Sally Boemer Mason Director | 1 | $0 | |
Yvonne Garcia Director (start Feb 2022) | 1 | $0 | |
James J O'leary Director | 1 | $0 | |
James M Liston Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $41,778 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,114 |
| Capital Gain Net Income | $54,114 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$172 |
| Total Revenue | $95,733 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,352 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $186 |
| Total operating and administrative expenses | $20,510 |
| Contributions, gifts, grants paid | $126,010 |
| Total expenses and disbursements | $146,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,263 |
| Savings and temporary cash investments | $9,977 |
| 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 | $750,222 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $911,969 |
| 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 $126,010 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
BURBANK YMCA PURPOSE: SCOREBOARD - CAPITAL CAMPAIGN | $15,250 |
Lawrence, MA PURPOSE: $10,000 FINAL PLEDGE PAYMENT; $2,500 FOR 2 PLANTERS IN DOWNTOWN LAWRENCE | $12,500 |
LEADS INC PURPOSE: EVENT SPONSORSHIP | $10,000 |
STONEHAM THEATER CORPORATION DBA GREATER BOSTON STAGE COMPANY PURPOSE: GENERAL SUPPORT | $10,000 |
Winchester, MA PURPOSE: GRANITE BENCH IN MEMORY OF GENE LOUBIER | $7,500 |
Lawrence, MA PURPOSE: GENERAL SUPPORT | $7,500 |
Peer Organizations
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|---|---|---|
Braverhood Ltd Brooklyn, NY | $56,044,966 | $113,467,057 |
Coordinated Behavioral Care Inc New York, NY | $25,699,878 | $79,934,258 |
Success Academy Charter Schools Inc New York, NY | $162,966,057 | $99,368,525 |
Baker Hall Lackawanna, NY | $43,415,308 | $53,649,609 |
Tiegerman School Glen Cove, NY | $36,938,898 | $36,850,171 |
Proteus Fund Inc Amherst, MA | $47,115,132 | $46,264,432 |
Teach For All Inc New York, NY | $63,275,692 | $50,938,774 |
Lsny Bronx Corporation New York, NY | $9,256,880 | $24,578,698 |
Boston Plastic & Oral Surgery Foundation Inc Boston, MA | $28,248,674 | $23,739,730 |
El Education Inc New York, NY | $28,362,379 | $30,858,452 |
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |