Putnam Free School Ttees
- Assets
- $1.6m
- Revenue
- $107.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 11/1934
- Data as of
- 10/2024
- EIN
- 04-6040535
Organization Overview
Putnam Free School Ttees is located in Newburyport, MA. The organization was established in 1934. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Putnam Free School Ttees 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 10/2024, Putnam Free School Ttees generated $107.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $125.2k during the year ending 10/2024. While expenses have increased by 2.3% per year over the past 8 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 2023, Putnam Free School Ttees has awarded 31 individual grants totaling $200,085. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GRANTS SCHOLARSHIPS TO QUALIFIED STUDENTS IN THE NEWBURYPORT AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | 0 | $0 | |
Name Not Listed President | 20 | $500 | |
Name Not Listed Trustee | 0 | $0 | |
Name Not Listed Trustee | 10 | $250 | |
Name Not Listed Trustee | 0 | $0 | |
Name Not Listed Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $132 |
| Dividends & Interest | $46,558 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $59,845 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,177 |
| Total Revenue | $107,712 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $187 |
| Taxes | $577 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $705 |
| Total operating and administrative expenses | $25,176 |
| Contributions, gifts, grants paid | $99,990 |
| Total expenses and disbursements | $125,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $76,164 |
| 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 | $6,554 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $240,748 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,641,211 |
| Accounts payable and accrued expenses | $6,550 |
| 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 | $4,798 |
| Total liabilities | $11,348 |
Grants Awarded
Over the last fiscal year, Putnam Free School Ttees has awarded $99,990 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CLIFTON JUDSON PURPOSE: SCHOLARSHIP | $10,605 |
GRACE O'MALLEY PURPOSE: SCHOLARSHIP | $4,040 |
KYLE REGNIER PURPOSE: SCHOLARSHIP | $8,585 |
ELLA CADIEUX PURPOSE: SCHOLARSHIP | $7,070 |
HOPE O'MALLEY PURPOSE: SCHOLARSHIP | $4,545 |
AVA SNYDER PURPOSE: SCHOLARSHIP | $14,140 |