Amherst Academy Trustees
- Assets
- $73.7k
- Revenue
- $4.5k
- Investments
- $72.1k
- Employees
- 0
- Location
- Amherst, MA
- Founding
- 06/1974
- Data as of
- 10/2023
- EIN
- 04-6057216
Organization Overview
Amherst Academy Trustees is located in Amherst, MA. The organization was established in 1974. 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. Amherst Academy Trustees 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 10/2023, Amherst Academy Trustees generated $4.5k 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 (14.8%) each year. All expenses for the organization totaled $3.5k during the year ending 10/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIVES AWARDS TO STUDENTS AND TEACHERS WHO EXCEL IN THE CLASSICAL LANGUAGES AT AMHERST PELHAM REGIONAL HIGH SCHOOL - APPROX 45 PEOPLE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Matthews President | 0.25 | $0 | |
Christopher Benfry Board Member | 0.1 | $0 | |
Federick Griffiths Secretary | 0.1 | $0 | |
Michael A Elliott Ex Officio | 0.1 | $0 | |
Ralph Tate Treasurer | 1 | $0 | |
Rebecca Sinos Board Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,292 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,180 |
| Capital Gain Net Income | $3,180 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $276 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $276 |
| Contributions, gifts, grants paid | $3,200 |
| Total expenses and disbursements | $3,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,615 |
| Savings and temporary cash investments | $0 |
| 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 | $73,726 |
| 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 |
Grants Awarded
Over the last fiscal year, Amherst Academy Trustees has awarded $3,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FACULTY APRHS PURPOSE: FACULTY TEACHING LATIN AT APRHS. | $1,000 |
STUDENTS APRHS PURPOSE: AWARDS TO STUDENTS STUDYING LATIN AT AMHERST PELHAM REGIONAL HIGH SCHOOL. | $2,200 |