Thomston Savings Bank Foundation Inc
- Assets
- $9.8m
- Revenue
- $878.6k
- Investments
- $9.8m
- Employees
- 0
- Location
- Thomaston, CT
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 06-1483909
Organization Overview
Thomston Savings Bank Foundation Inc is located in Thomaston, CT. The organization was established in 1998. 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. Thomston Savings Bank Foundation Inc 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, Thomston Savings Bank Foundation Inc generated $878.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $671.7k during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 3 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 2020, Thomston Savings Bank Foundation Inc has awarded 645 individual grants totaling $1,958,131. 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 |
|---|---|---|---|
Stephen Lewis President & Trustee | 1 | $0 | |
Rosemary Briglia Secretary | 1 | $0 | |
Rebekah Stokes Treasurer | 1 | $0 | |
James Kaniewski Trustee | 0 | $0 | |
Mark Divenere Trustee | 0 | $0 | |
David Carlson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $165,000 |
| Interest on Savings | $8 |
| Dividends & Interest | $192,685 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $520,859 |
| Capital Gain Net Income | $520,859 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $878,552 |
| 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 | $8,826 |
| Printing and publications | $0 |
| Other expenses | $842 |
| Total operating and administrative expenses | $20,368 |
| Contributions, gifts, grants paid | $651,359 |
| Total expenses and disbursements | $671,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,129 |
| Savings and temporary cash investments | $39,345 |
| 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 | $9,764,046 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,829,520 |
| 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, Thomston Savings Bank Foundation Inc has awarded $651,359 in support to 243 organizations.
| Grant Recipient | Amount |
|---|---|
BRISTOL HOSPITAL FOUNDATION PURPOSE: TO IMPROVE OUR ABILITY TO CARE FOR PATIENTS AND IN ORDER TO MEET PLANNED FUTURE DEMANDS, WE ARE PLANNING AN EXPANSION AND RENOVATION OF THE EXISTING EMERGENCY CENTER, WHICH HAS APPROXIMATELY 40,000 VISITS PER YEAR. THE NEW AND IMPROVED EMERGENCY CENTER WILL CONSIST OF THE FOLLOWING:2 TRAUMA BAYS9 STANDARD EXAM ROOMS5 ROOMS DEDICATED TO PEDIATRIC PATIENTS2 PATIENT ISOLATION EXAM ROOMS4 VERTICAL TREATMENT STATIONS1 CARDIOLOGY TRIAGE ROOM8 URGENT CARE POSITIONS (5 PRIVATE)10-11 BEHAVIORAL HEALTH EXAM ROOMSSTAFF BREAK ROOMOFFICES | $30,000 |
Waterbury, CT PURPOSE: TO PROVIDE FUNDING IN SUPPORT OF THE CLUB'S AFTER-SCHOOL PROGRAMING. | $25,000 |
ST MARYS HOSPITAL FOUNDATION INC PURPOSE: SAINT MARYS HOSPITAL CONTINUES TO TURN IDEAS INTO ACTION-BRINGING POWERFUL CONCEPTS TOGETHER WHICH PROVIDE SOLUTIONS TO THE FRAGMENTED HEALTHCARE EXPERIENCED BY SO MANY. THE TOGETHER EFFECT CAMPAIGN INCLUDES THE NEW MS CENTER AND EMERGENCY DEPARTMENT PROJECTS. SAINT MARYS HOSPITAL BUILDS UPON ITS CENTURY-LONG COMMITMENT AS A PILLAR OF CARE IN THIS COMMUNITY AND FURTHERS THE UNIFIED GOAL OF SAINT MARYS AND TRINITY HEALTH TO BE STATE-OF-THE-ART PROVIDERS FOR THIS COMMUNITYS MOST VITAL CARE NEEDS. WE THANK THE THOMASTON SAVINGS BANK FOUNDATION FOR THEIR $100,000 COMMITMENT TO THE CAMPAIGN. | $20,000 |
Stamford, CT PURPOSE: WBDC REQUESTS $15,000 FROM THE THOMASTON SAVINGS BANK FOUNDATION TO SUPPORT OF THE EXPANSION OF THE SMALL BUSINESS EQUITY MATCHING GRANT FUNDING POOL FOR WOMEN-OWNED AND MINORITY-OWNED SMALL BUSINESSES IN NEED OF WORKING CAPITAL. THIS PROGRAM WILL BETTER SERVE THE NEEDS OF BUSINESSES WHO HAVE STRUGGLED TO SECURE COVID-19 RELIEF ASSISTANCE THROUGH FEDERAL PROGRAMS, STATE LOAN PROGRAMS, OR PRIVATE SOURCES OF CAPITAL. YOUR CONTRIBUTION WILL HELP TO PROVIDE GRANTS OF UP TO $10,000 TO COVER OPERATING EXPENSES OR IMPLEMENT NEW BUSINESS STRATEGIES THAT WILL ENABLE THEM TO WEATHER FINANCIAL STRUGGLES. | $15,000 |
WARNER THEATRE PURPOSE: OPERATIONAL SUPPORT PART 2 | $12,500 |
ECG ACQUISITION LLC (EMILY'S CATERING GROUP) PURPOSE: TO PROVIDE SUPPORT COMMUNITY KITCHEN INITIATIVE | $11,795 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |