Milford Chamber Of Commerce Trust Fund
- Assets
- $203.0k
- Revenue
- $59.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Milford, CT
- Founding
- 08/1982
- Data as of
- 12/2022
- EIN
- 06-1053993
Organization Overview
Milford Chamber Of Commerce Trust Fund is located in Milford, CT. The organization was established in 1982. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milford Chamber Of Commerce Trust Fund 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 12/2022, Milford Chamber Of Commerce Trust Fund generated $59.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $73.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Milford Chamber Of Commerce Trust Fund has awarded 174 individual grants totaling $168,250. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS BENEFITTING TWENTY THREE HIGH SCHOOL STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher B Carveth Board Member | 0 | $0 | |
Dewey Forbes Board Member | 0 | $0 | |
Vincent Averaimo Board Member | 0 | $0 | |
Harriet Haggerty Board Member | 0 | $0 | |
Davis A Slossberg Board Member | 0 | $0 | |
Scott Moulton Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,500 |
| Interest on Savings | $109 |
| Dividends & Interest | $298 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39,329 |
| Total Revenue | $59,236 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,807 |
| Total operating and administrative expenses | $51,607 |
| Contributions, gifts, grants paid | $22,000 |
| Total expenses and disbursements | $73,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,123 |
| Savings and temporary cash investments | $199,854 |
| 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 | $202,977 |
| 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, Milford Chamber Of Commerce Trust Fund has awarded $14,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BRIANNA BUCCITTI PURPOSE: SCHOLARSHIP | $500 |
EMILY BERARD PURPOSE: SCHOLARSHIP | $500 |
JORDAN KONLIAN PURPOSE: SCHOLARSHIP | $500 |
CARELYS ALVARADO PURPOSE: SCHOLARSHIP | $1,000 |
ARDARSH SENTHILNATHAN PURPOSE: SCHOLARSHIP | $1,000 |
OLIVIA FRANZMAN PURPOSE: SCHOLARSHIP | $500 |