Oliver Killam Private Foundation Trust
- Assets
- $14.5m
- Revenue
- $1.1m
- Investments
- $14.1m
- Employees
- 0
- Location
- Salem, MA
- Founding
- 04/2005
- Data as of
- 12/2023
- EIN
- 05-0566794
Organization Overview
Oliver Killam Private Foundation Trust is located in Salem, MA. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Oliver Killam Private Foundation 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 12/2023, Oliver Killam Private Foundation Trust generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $519.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Oliver Killam Private Foundation Trust has awarded 234 individual grants totaling $1,830,625. 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.
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 |
|---|---|---|---|
Frank Muzio Trustee | 5 | $24,000 | |
Scott A Macallister Trustee | 5 | $24,000 | |
Cheryl Saltzman Trustee | 5 | $24,000 | |
Scott James Macallister Trustee | 5 | $24,000 | |
Amy Saltzman Trustee | 5 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $402,799 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $733,959 |
| Capital Gain Net Income | $733,959 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,136,758 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,704 |
| Total operating and administrative expenses | $230,504 |
| Contributions, gifts, grants paid | $288,848 |
| Total expenses and disbursements | $519,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $805 |
| Savings and temporary cash investments | $431,209 |
| 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 | $1,517,288 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,540,340 |
| Accounts payable and accrued expenses | $20,000 |
| 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 | $20,000 |
Grants Awarded
Over the last fiscal year, Oliver Killam Private Foundation Trust has awarded $288,848 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON COLLEGE FBO CAHILL WHITTIER PURPOSE: SCHOLARSHIP | $2,500 |
BOSTON COLLEGE FBO KATHERINE PALMER PURPOSE: SCHOLARSHIP | $3,750 |
BOSTON COLLEGE FBO MADELINE BOWDEN PURPOSE: SCHOLARSHIP | $2,500 |
BRIDGEWATER STATE FBO BRIDGET TRAVERS PURPOSE: SCHOLARSHIP | $3,750 |
BUCKNELL UNIVERSITY FBO MAE GENOVESE PURPOSE: SCHOLARSHIP | $4,000 |
COLGATE UNIVERSITY FBO CANNAN WHITTIER PURPOSE: SCHOLARSHIP | $3,000 |