Joseph W Martin Trust
- Assets
- $2.5m
- Revenue
- $228.2k
- Investments
- $2.4m
- Employees
- 0
- Location
- Warren, RI
- Founding
- 04/1941
- Data as of
- 05/2022
- EIN
- 05-6011809
Organization Overview
Joseph W Martin Trust is located in Warren, RI. The organization was established in 1941. 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. Joseph W Martin 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 05/2022, Joseph W Martin Trust generated $228.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $230.5k during the year ending 05/2022. While expenses have increased by 16.9% per year over the past 3 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 2020, Joseph W Martin Trust has awarded 12 individual grants totaling $131,646. 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 |
|---|---|---|---|
Bank Of America N A Agt For Fiduciary | 1 | $25,733 | |
Douglas Domina Trustee | 1 | $1,500 | |
Marc A Domina Trustee | 1 | $750 | |
Scott E Little Trustee | 1 | $750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $92,393 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $135,831 |
| Capital Gain Net Income | $135,831 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $228,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,733 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,711 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $196,799 |
| Total operating and administrative expenses | $228,493 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $230,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,344 |
| Savings and temporary cash investments | $1,979 |
| 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 | $2,466,254 |
| 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, Joseph W Martin Trust has awarded $2,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WOMEN'S RESOURCE CENTER PURPOSE: UNRESTRICTED GENERAL | $1,000 |
HOPE AND MAIN PURPOSE: UNRESTRICTED GENERAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Liberty Mutual Foundation Inc Boston, MA | $40,383,671 | $39,283,240 |
Mercer Family Foundation Waltham, MA | $54,165,721 | $38,341,516 |
Brooks Family Foundation Boston, MA | $0 | $26,552,695 |
Yawkey Foundation Ii Dedham, MA | $0 | $18,548,394 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Dalio Foundation Inc Westport, CT | $1,484,061,978 | $687,569,757 |
Seedlings Foundation Branford, CT | $139,526,871 | $5,281,922 |
Allen H & Selma W Berkman Charitable Trust Boston, MA | $738,750 | $104,320 |