Salem Female Charitable Society
- Assets
- $897.4k
- Revenue
- $103.5k
- Investments
- $801.0k
- Employees
- 0
- Location
- Marblehead, MA
- Founding
- 09/1942
- Data as of
- 04/2022
- 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 04/2022, Salem Female Charitable Society generated $103.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $62.1k during the year ending 04/2022. While expenses have increased by 2.5% per year over the past 3 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
2022
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 Secretary | 1 | $0 | |
Victoria Stevens 2nd Director | 1 | $0 | |
Elizabeth Taft Corresponding Secretary | 1 | $0 | |
Susan Poor Director | 1 | $0 | |
Jane Phillips Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,237 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,664 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,594 |
| Capital Gain Net Income | $73,594 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,128 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,567 |
| Contributions, gifts, grants paid | $48,506 |
| Total expenses and disbursements | $62,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,375 |
| Savings and temporary cash investments | $59,983 |
| 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 | $897,371 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philanthropy New York Inc New York, NY | $10,485,290 | $4,060,793 |
Grantmakers In The Arts Bronx, NY | $3,825,984 | $2,308,802 |
New England Health Care Emp Union & Ct Nursing Hm Traing & Upgd Fnd Hartford, CT | $1,960,905 | $2,104,080 |
Western New York Grantmakers Association Inc Syracuse, NY | $1,728,088 | $1,086,609 |
Trustee Of Brantwood Camp Peterborough, NH | $17,417,792 | $1,376,254 |
National Association Of Corporate Directors Boston, MA | $1,367,793 | $869,422 |
Massachusetts Charitable Mechanic Association Quincy, MA | $4,186,500 | $833,377 |
University Associates Philanthropic Foundation Inc New York, NY | $31,741 | $11,696 |
Long Island Networking Elite Inc Huntington, NY | $42,869 | $337,964 |
Association Of Fundraising Professionals New York, NY | $462,920 | $209,001 |
Saranac Lake Voluntary Health Association Inc Saranac Lake, NY | $2,884,234 | $339,547 |
Next Level Social Impact Partners Inc Sherborn, MA | $378,526 | $555,288 |