Joseph C And Blanche Coutu Foundation
- Assets
- $499.3k
- Revenue
- $28.6k
- Investments
- $446.3k
- Employees
- 0
- Location
- Westerly, RI
- Founding
- 06/1993
- Data as of
- 03/2024
- EIN
- 05-6099414
Organization Overview
Joseph C And Blanche Coutu Foundation is located in Westerly, RI. The organization was established in 1993. 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. Joseph C And Blanche Coutu Foundation 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 03/2024, Joseph C And Blanche Coutu Foundation generated $28.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $65.7k during the year ending 03/2024. While expenses have increased by 6.3% per year over the past 8 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 2016, Joseph C And Blanche Coutu Foundation has awarded 39 individual grants totaling $237,700. 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 | $8,977 | |
James J Mcgair Co-Trustee | 1 | $8,976 | |
Janet Louise Tracey Committee Member | 1 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,170 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,433 |
| Capital Gain Net Income | $9,433 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,603 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,953 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $461 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,514 |
| Contributions, gifts, grants paid | $40,200 |
| Total expenses and disbursements | $65,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,006 |
| 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 | $499,257 |
| 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 C And Blanche Coutu Foundation has awarded $40,200 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SAINT TERESA SCHOOL PURPOSE: GENERAL | $9,000 |
BOYS AND GIRLS CLUB OF PAWTUCKET PURPOSE: OPERATIONS | $3,600 |
SAINT RAPHAEL ACADEMY PURPOSE: GENERAL SCHOOL PURPOSES | $18,000 |
CROSSROADS RHODE ISLAND PURPOSE: OPERATIONS | $3,600 |
MCAULEY CORPORATION PURPOSE: OPERATIONS | $3,600 |
PAWTUCKET SOUP KITCHEN PURPOSE: GENERAL | $2,400 |