Amity Charitable Trust Fund
- Assets
- $3.1m
- Revenue
- $381.9k
- Investments
- $0.0
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 11/1964
- Data as of
- 12/2023
- EIN
- 06-6070867
Organization Overview
Amity Charitable Trust Fund is located in New Haven, CT. The organization was established in 1964. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amity Charitable 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 12/2023, Amity Charitable Trust Fund generated $381.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $219.7k during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE AMITY CHARITABLE TRUST FUND'S MISSION IS TO AWARD SCHOLARSHIPS TO COLLEGE STUDENTS AND TO DISBURSE FUNDS TO VARIOUS COMMUNITY AND CIVIC ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED - ENCOURAGES & ENABLES STUDENTS TO BEGIN THEIR COLLEGE EDUCATION
WORTHY PROJECTS - GRANTS MADE TO VARIOUS COMMUNITY CHARITABLE AND CIVIC ORGANIZATIONS IN FURTHERANCE OF THEIR EXEMPT ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Iannone Trustee | Trustee | 2 | $0 |
Pascal Panza Trustee | Trustee | 2 | $0 |
Robert Piscitelli President/treasurer | OfficerTrustee | 2 | $0 |
Prisco Panza Vice President | OfficerTrustee | 2 | $0 |
Joseph Palmucci Trustee | Trustee | 2 | $0 |
Thomas Ciesco Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,662 |
| Total Program Service Revenue | $0 |
| Investment income | $64,794 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $157,831 |
| Net Income from Fundraising Events | $79,604 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $381,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,481 |
| Grants and other assistance to domestic individuals. | $110,659 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $360 |
| Fees for services: Accounting | $14,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,856 |
| Fees for services: Other | $6,240 |
| Advertising and promotion | $0 |
| Office expenses | $7,232 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,098 |
| All other expenses | $6,637 |
| Total functional expenses | $219,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,985 |
| Savings and temporary cash investments | $249,612 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,827,113 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,100,710 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $430,993 |
| Net assets with donor restrictions | $2,669,717 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,100,710 |
Grants Awarded
Over the last fiscal year, Amity Charitable Trust Fund has awarded $13,785 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RONALD MCDONALD HOUSE PURPOSE: TO SUPPORT THE PUBLIC CHARITY. | $6,285 |
BENHAVEN PURPOSE: SUPPORT OPERATIONS | $7,500 |