Symes Family Charitable Foundation Inc
- Assets
- $2.1m
- Revenue
- $280.1k
- Investments
- $882.1k
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 11/2000
- Data as of
- 06/2021
- EIN
- 04-3494605
Organization Overview
Symes Family Charitable Foundation Inc is located in Beverly, MA. The organization was established in 2000. 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. Symes Family 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 06/2021, Symes Family Charitable Foundation Inc generated $280.1k 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 (14.3%) each year. All expenses for the organization totaled $382.2k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arica Symes-Elmer President | 2 | $0 | |
Weylin Symes VP | 2 | $0 | |
Landers Symes Treasurer Clerk | 2 | $0 | |
Denise Symes Director | 2 | $0 | |
Arica Symes-Elmer Director | 2 | $0 | |
Weylin Symes Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,299 |
| Net Rental Income | $175,666 |
| 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 | $280,063 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,121 |
| Depreciation | $43,438 |
| Occupancy | $33,539 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $457 |
| Total operating and administrative expenses | $91,324 |
| Contributions, gifts, grants paid | $290,872 |
| Total expenses and disbursements | $382,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,348 |
| Savings and temporary cash investments | $27,673 |
| 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 | $1,145,206 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,141,315 |
| 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 | $7,480 |
| Total liabilities | $7,480 |
Grants Awarded
Over the last fiscal year, Symes Family Charitable Foundation Inc has awarded $290,872 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER BOSTON STAGE COMPANY STONEHAM THEATRE CORP PURPOSE: TO CONTINUE THE NON PROFIT REGIONAL THEATRE EDUCATION AND PERFORMANCE OPPORTUNITIES FOR CHILDREN IN THEATRE | $190,872 |
BETH ISRAEL DEACONESS MEDICAL CENTER PURPOSE: TO DIRECTLY BENEFIT THE BETH ISARAEL DEACONESS MEDICAL CENTER. | $100,000 |