Ashaway Charitable Trust
- Assets
- $1.2m
- Revenue
- $217.4k
- Investments
- $1.2m
- Employees
- 0
- Location
- Westerly, RI
- Founding
- 07/1952
- Data as of
- 12/2021
- EIN
- 05-6003255
Organization Overview
Ashaway Charitable Trust is located in Westerly, RI. The organization was established in 1952. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Ashaway 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 12/2021, Ashaway Charitable Trust generated $217.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $83.5k during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 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 2015, Ashaway Charitable Trust has awarded 266 individual grants totaling $534,100. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Washington Trust Company Trustee | 1 | $12,126 | |
Pamela Crandall Officer | 1 | $0 | |
Steven Crandall Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,473 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $177,911 |
| Capital Gain Net Income | $177,911 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $217,384 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,126 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,701 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $14,977 |
| Contributions, gifts, grants paid | $68,500 |
| Total expenses and disbursements | $83,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,336 |
| 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 | $1,195,463 |
| 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, Ashaway Charitable Trust has awarded $68,500 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
Hope Valley, RI PURPOSE: OPERATIONAL | $15,000 |
Providence, RI PURPOSE: OPERATIONS | $5,000 |
WARM SHELTER PURPOSE: GENERAL | $5,000 |
Westerly, RI PURPOSE: OPERATIONS | $5,000 |
Westerly, RI PURPOSE: OPERATIONS | $4,000 |
Westerly, RI PURPOSE: OPERATIONS | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hunt Street Fund Inc Needham, MA | $102,244,956 | $9,516,120 |
James L Vincent Foundation Boston, MA | $11,098,257 | $1,513,039 |
The Grossman Family Foundation Cos Cob, CT | $140,113,231 | $7,972,359 |
Rose Foundation Boston, MA | $41,865 | $2,354,068 |
Irene E And George A Davis Foundation Springfield, MA | $74,799,666 | $13,067,801 |
Mccall Foundation Inc Torrington, CT | $4,589,378 | $6,967,747 |
Chorus Inc Boston, MA | $2,341,319 | $7,400,301 |
New North Citizens Council Springfield, MA | $3,852,208 | $8,039,203 |
Leslie B Barrett Foundation Stamford, CT | $0 | $391,427 |
Shaich Family Foundation Brookline, MA | $82,077,495 | $6,635,871 |
Cardinal Brook Trust Boston, MA | $0 | $3,583,411 |
Azcat Foundation Greenwich, CT | $63,379,859 | $15,943,989 |