Forman Family Charitable Trust
- Assets
- $891.5k
- Revenue
- $77.3k
- Investments
- $785.6k
- Employees
- 0
- Location
- Providence, RI
- Founding
- 09/1985
- Data as of
- 12/2021
- EIN
- 05-6069697
Organization Overview
Forman Family Charitable Trust is located in Providence, RI. The organization was established in 1985. 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. Forman Family 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, Forman Family Charitable Trust generated $77.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $67.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Forman Family Charitable Trust has awarded 342 individual grants totaling $494,572. 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 |
|---|---|---|---|
Audrey Robbins Trustee | 1 | $0 | |
Roger Forman Trustee | 0.25 | $0 | |
Adam Chase Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,128 |
| Interest on Savings | $9 |
| Dividends & Interest | $23,483 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,723 |
| Capital Gain Net Income | $52,723 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,343 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $283 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52 |
| Total operating and administrative expenses | $14,021 |
| Contributions, gifts, grants paid | $53,327 |
| Total expenses and disbursements | $67,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $105,575 |
| 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 | $284,054 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $306 |
| Total assets | $891,514 |
| 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, Forman Family Charitable Trust has awarded $53,327 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: HEALTH | $9,000 |
New York, NY PURPOSE: RELIGIOUS | $5,000 |
Providence, RI PURPOSE: SOCIAL | $5,000 |
Wellesley, MA PURPOSE: RELIGIOUS | $4,000 |
RI COMM FOOD BANK PURPOSE: SOCIAL SERVICES | $2,500 |
SPORTSMENS TENNIS CLUB PURPOSE: SOCIAL | $2,000 |
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 |