General Electric Company Empls Good Neighbor Fund Of The River Works
- Assets
- $91.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynn, MA
- Founding
- 10/1955
- Data as of
- 01/2024
- EIN
- 04-6112080
Organization Overview
General Electric Company Empls Good Neighbor Fund Of The River Works is located in Lynn, MA. The organization was established in 1955. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. General Electric Company Empls Good Neighbor Fund Of The River Works 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 01/2024, General Electric Company Empls Good Neighbor Fund Of The River Works generated $24.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $60.5k during the year ending 01/2024. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
GRANTS TO VARIOUS LOCAL CHARITIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Nahatis Chairperson | 1 | $0 | |
Charles Stavoe Treasurer | 1 | $0 | |
Janet Melanson Director | 1 | $0 | |
Thomas O'shea Director | 1 | $0 | |
Ralph Carbone Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,182 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $477 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $24,659 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $60,500 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $91,006 |
| Other assets | $0 |
| Total assets | $91,006 |
| Total liabilities | $0 |
| Net assets or fund balances | $91,006 |
Grants Awarded
Over the last fiscal year, General Electric Company Empls Good Neighbor Fund Of The River Works has awarded $154,833 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ST STEPHEN MINISTRY PURPOSE: CHARITABLE | $17,000 |
SALVATION ARMYITEM SANTA PURPOSE: CHARITABLE | $31,000 |
MERRIMACK VALLEY FOOD BANK INC PURPOSE: CHARITABLE | $10,000 |
PASS IT ON INC PURPOSE: CHARITABLE | $10,000 |
WINDRUSH FARM THERAPEUTICEQUITATION INC PURPOSE: CHARITABLE | $7,000 |
ESSEX COUNTY SUMMER DAY PROGRAM PURPOSE: CHARITABLE | $7,500 |