Somerset Club Charitable Trust
- Assets
- $254.7k
- Revenue
- $53.1k
- Investments
- $236.0k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/1964
- Data as of
- 03/2022
- EIN
- 04-6112332
Organization Overview
Somerset Club Charitable Trust is located in Boston, MA. The organization was established in 1964. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somerset Club Charitable Trust 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 03/2022, Somerset Club Charitable Trust generated $53.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 39.4% each year . All expenses for the organization totaled $17.5k during the year ending 03/2022. While expenses have increased by 20.5% per year over the past 5 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
RELIEF TO EIGHT INDIVIDUALS WHO HAD RENDERED SERVICE TO THE CLUB. SEE PART XIV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Stanhope Rowe Treasurer | 0.1 | $0 | |
Stephen J Pellegrino Secretary | 0.1 | $0 | |
Richard D Batchelder Jr President | 0.5 | $0 | |
Brent E Shay Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,750 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,486 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,875 |
| Capital Gain Net Income | $5,875 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,111 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $246 |
| Total operating and administrative expenses | $2,203 |
| Contributions, gifts, grants paid | $15,250 |
| Total expenses and disbursements | $17,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,663 |
| 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 | $236,017 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $254,680 |
| Accounts payable and accrued expenses | $26,718 |
| 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 | $26,718 |
Grants Awarded
Over the last fiscal year, Somerset Club Charitable Trust has awarded $15,250 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
RYAN JEFFERSON PURPOSE: FINANCIAL SUPPORT | $7,000 |
ANN NEWELL PURPOSE: FINANCIAL SUPPORT | $2,000 |
MICHAEL CAMPBELL PURPOSE: FINANCIAL SUPPORT | $1,500 |
ALBA ARANGO VIDAL PURPOSE: FINANCIAL SUPPORT | $1,500 |
DAVID JACKSON PURPOSE: FINANCIAL SUPPORT | $1,500 |
ENRICO SEVERE PURPOSE: FINANCIAL SUPPORT | $750 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Somerset Club Charitable Trust has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Doran Family Foundation Boston, MA PURPOSE: GENERAL OPERATING PURPOSE | $5,000 |
Richard K Lubin Family Foundation Boston, MA PURPOSE: TO PROVIDE SUPPORT FOR THE NEEDS OF THE ORGANIZATION. | $1,000 |
Robert Winthrop Ii Foundation Of Athens Ga 100200 Athens, GA PURPOSE: CONTRIBUTION FOR GENERAL SUPPORT | $500 |
Robert Winthrop Ii Foundation Of Athens Ga 100200 Athens, GA PURPOSE: CONTRIBUTION FOR GENERAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Randalls Island Park Alliance Inc New York, NY | $13,239,437 | $9,404,674 |
Tr Park Place Corp Hartford, CT | $326,580 | $4,534,377 |
Army West Point Athletic Association Inc West Point, NY | $11,945,742 | $9,719,506 |
Westchester Parks Foundation Inc Mount Kisco, NY | $3,736,356 | $3,829,268 |
Green Mountain Club Inc Waterbury Center, VT | $15,141,741 | $4,420,217 |
National Rowing Foundation Inc Melrose, MA | $8,809,391 | $2,225,088 |
Mary A Cunningham Trust Milton, MA | $13,931,409 | $2,252,431 |
United States Sailing Foundaton Bristol, RI | $2,170,181 | $586,414 |
Untermyer Gardens Conservancy Yonkers, NY | $2,212,891 | $1,837,409 |
Camp Dudley Foundation Inc Westport, NY | $16,516,671 | $1,683,317 |
Beaverdale Memorial Park Inc New Haven, CT | $1,525,229 | $1,030,865 |
Van Cortlandt Park Alliance Inc Bronx, NY | $375,569 | $748,770 |