Joseph C And Blanche Coutu Foundation
- Assets
- $524.2k
- Revenue
- $109.5k
- Investments
- $416.3k
- Employees
- 0
- Location
- Westerly, RI
- Founding
- 06/1993
- Data as of
- 03/2022
- 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 03/2022, Joseph C And Blanche Coutu Foundation generated $109.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $68.7k during the year ending 03/2022. While expenses have increased by 9.3% per year over the past 6 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 27 individual grants totaling $157,300. 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 |
|---|---|---|---|
James J Mcgair Co-Trustee | 1 | $10,889 | |
The Washington Trust Company Trustee | 1 | $10,889 | |
Janet Louise Tracey Committee Member | 1 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,989 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $99,506 |
| Capital Gain Net Income | $99,506 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $109,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,778 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $24,908 |
| Contributions, gifts, grants paid | $43,800 |
| Total expenses and disbursements | $68,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $107,862 |
| 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 | $524,186 |
| 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 $43,800 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Pawtucket, RI PURPOSE: GENERAL SCHOOL PURPOSES | $21,600 |
SAINT TERESA SCHOOL PURPOSE: GENERAL | $9,000 |
Providence, RI PURPOSE: OPERATIONS | $3,600 |
Pawtucket, RI PURPOSE: OPERATIONS | $3,600 |
MCAULEY MINISTRIES PURPOSE: OPERATIONS | $3,600 |
Pawtucket, RI PURPOSE: GENERAL | $2,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
William J & Lia G Poorvu Family Foundation Cambridge, MA | $120,261,343 | $11,453,242 |
Shapiro Foundation Needham, MA | $157,349,001 | $11,545,549 |
New Balance Foundation Boston, MA | $152,561,164 | $17,219,252 |
Dorot Foundation Providence, RI | $152,678,758 | $11,417,261 |
Linde Family Foundation Boston, MA | $189,813,343 | $18,266,253 |
Nancy Lurie Marks Family Foundation Wellesley, MA | $0 | $8,374,794 |
Abrams Foundation Inc Boston, MA | $0 | $18,931,017 |
James S Mcdonnell Family Foundation Inc Lincoln, MA | $112,136,511 | $18,539,492 |
The Childrens Investment Fund Foundation West Hartford, CT | $147,469,388 | $4,068,315 |
Highland Street Connection Newton, MA | $74,050,006 | $4,748,542 |
Leir Foundation Inc Ridgefield, CT | $108,810,861 | $16,743,415 |