Mary Dexter Chafee Fund
- Assets
- $2.1m
- Revenue
- $33.7k
- Investments
- $2.0m
- Employees
- 0
- Location
- Little Compton, RI
- Founding
- 10/1940
- Data as of
- 12/2022
- EIN
- 05-6006295
Organization Overview
Mary Dexter Chafee Fund is located in Little Compton, RI. The organization was established in 1940. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mary Dexter Chafee Fund 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 12/2022, Mary Dexter Chafee Fund generated $33.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $184.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mary Dexter Chafee Fund has awarded 228 individual grants totaling $1,006,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDS ARE FOR RELIGIOUS, CHARITABLE, LITERARY, AND EDUCATIONAL PURPOSES AS WELL AS FOR THE PREVENTION OF CRUELTY TO CHILDREN AND ANIMALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra Reynolds President | 2 | $0 | |
Mark Chafee Treasurer | 2 | $0 | |
Arthur Lee Secretary | 2 | $0 | |
Helen Lee Director | 2 | $0 | |
Elizabeth Oettinger Director | 2 | $0 | |
Coastline Agent | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $56,490 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$24,475 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,653 |
| Total Revenue | $33,668 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,245 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,057 |
| Total operating and administrative expenses | $34,865 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $184,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $82,626 |
| 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 | $31,331 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,126,466 |
| 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, Mary Dexter Chafee Fund has awarded $150,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
134 COLLABORATIVE PURPOSE: OPERATIONS | $2,500 |
BEAUTIFUL DAY PURPOSE: OPERATIONS | $8,000 |
BETTER LIVES RI PURPOSE: OPERATIONS | $5,000 |
BOYSF AND GIRLS CLUB OF PROVIDENCE PURPOSE: OPERATIONS | $9,000 |
CAMP SUREFIRE FOUNDATION PURPOSE: OPERATIONS | $3,000 |
CHILDREN'S FRIEND PURPOSE: OPERATIONS | $2,500 |