Joseph W Martin Trust
- Assets
- $2.4m
- Revenue
- $124.4k
- Investments
- $2.4m
- Employees
- 0
- Location
- Warren, RI
- Founding
- 04/1941
- Data as of
- 05/2024
- 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 05/2024, Joseph W Martin Trust generated $124.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $128.9k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Joseph W Martin Trust has awarded 19 individual grants totaling $223,021. 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 |
|---|---|---|---|
Douglas Domina Trustee | 1 | $1,500 | |
Bank Of America N A Agt For Fiduciary | 1 | $24,861 | |
Marc A Domina Trustee | 1 | $1,000 | |
Scott E Little Trustee | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $56,203 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $67,556 |
| Capital Gain Net Income | $67,556 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $685 |
| Total Revenue | $124,444 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,361 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,376 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62,943 |
| Total operating and administrative expenses | $93,930 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $128,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,798 |
| Savings and temporary cash investments | $13,697 |
| 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 | $2,415,488 |
| 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 $35,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF WARREN-SOCIAL SERVICES PURPOSE: GENERAL CHARITABLE | $10,000 |
EAST BAY FOOD PANTRY PURPOSE: UNRESTRICTED GENERAL | $10,000 |
THRIVE OUTSIDE PURPOSE: UNRESTRICTED GENERAL | $15,000 |