Salem Female Charitable Society
- Assets
- $890.7k
- Revenue
- $77.8k
- Investments
- $788.7k
- Employees
- 0
- Location
- Marblehead, MA
- Founding
- 09/1942
- Data as of
- 04/2024
- EIN
- 04-6014190
Organization Overview
Salem Female Charitable Society is located in Marblehead, MA. The organization was established in 1942. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, 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. Salem Female Charitable Society 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, Salem Female Charitable Society generated $77.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $68.6k during the year ending 04/2024. While expenses have increased by 3.5% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS ARE USED FOR AIDING AND MAKING GRANTS TO AGED AND INDIGENT WOMEN IN SALEM, MA AND VICINITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Shaughnessy Treasurer | 2 | $0 | |
Adeline Lutts Cabot Director | 1 | $0 | |
Elizabeth Taft Director | 1 | $0 | |
Susan Poor Recording Secretary | 1 | $0 | |
Jane Phillips Director | 1 | $0 | |
Rebecca Putnam Corresponding Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,484 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,561 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,787 |
| Capital Gain Net Income | $50,787 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,832 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $157 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $882 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,773 |
| Contributions, gifts, grants paid | $55,782 |
| Total expenses and disbursements | $68,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,009 |
| Savings and temporary cash investments | $53,937 |
| 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 | $890,681 |
| 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 |