Trustees Of Sears And Other Funds
- Assets
- $3.4m
- Revenue
- $266.9k
- Investments
- $3.2m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/1928
- Data as of
- 12/2021
- EIN
- 04-6040032
Organization Overview
Trustees Of Sears And Other Funds is located in Boston, MA. The organization was established in 1928. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Trustees Of Sears And Other Funds 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 12/2021, Trustees Of Sears And Other Funds generated $266.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $146.3k during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 6 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 2016, Trustees Of Sears And Other Funds has awarded 60 individual grants totaling $717,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDS ARE MADE TO VARIOUS IRC SECTION 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam C Rutledge President | 2 | $0 | |
Deborah L Smith Trustee | 2 | $0 | |
Sarah T Boehs Clerk | 2 | $0 | |
Peter S Gregory Trustee | 2 | $0 | |
Rev Thomas B Kennedy Trustee | 2 | $0 | |
Gregory Gullickson Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,125 |
| Dividends & Interest | $54,642 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $205,130 |
| Capital Gain Net Income | $205,130 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $266,897 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $8,250 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,351 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $509 |
| Total operating and administrative expenses | $19,310 |
| Contributions, gifts, grants paid | $127,000 |
| Total expenses and disbursements | $146,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $200,212 |
| 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 | $868,075 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,407,796 |
| 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 | $15,898 |
| Total liabilities | $15,898 |
Grants Awarded
Over the last fiscal year, Trustees Of Sears And Other Funds has awarded $127,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ST STEPHEN'S EPISCOPAL CHURCH YOUTH PROGRAMS PURPOSE: GENERAL CHARITABLE PURPOSES | $20,000 |
ST STEPHEN'S MEMORIAL EPISCOPAL CHURCH PURPOSE: GENERAL CHARITABLE PURPOSES | $17,500 |
Lexington, MA PURPOSE: GENERAL CHARITABLE PURPOSES | $14,500 |
Lawrence, MA PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
AMAZING GRACE OF CAPE COD INC PURPOSE: GENERAL CHARITABLE PURPOSESGENERAL CHARITABLE PURPOSES | $10,000 |
ST JOHN'S EPISCOPAL CHURCH PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold Grinspoon Foundation Agawam, MA | $968,665,027 | $58,159,410 |
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |