The Toffey Family Charitable
- Assets
- $8.2m
- Revenue
- $331.7k
- Investments
- $3.0m
- Employees
- 0
- Location
- Kennebunk, ME
- Founding
- 09/1991
- Data as of
- 06/2024
- EIN
- 13-6955166
Organization Overview
The Toffey Family Charitable is located in Kennebunk, ME. The organization was established in 1991. 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. Toffey Family Charitable 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 06/2024, Toffey Family Charitable generated $331.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (39.7%) each year. All expenses for the organization totaled $617.3k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Toffey Family Charitable has awarded 207 individual grants totaling $3,363,751. 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 |
|---|---|---|---|
H James Toffey Trustee | 0.5 | $0 | |
James W Toffey Trustee | 1 | $0 | |
Debora Toffey Puckette Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $237 |
| Dividends & Interest | $331,501 |
| 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 | -$19 |
| Total Revenue | $331,719 |
| 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 | $140 |
| Total operating and administrative expenses | $1,640 |
| Contributions, gifts, grants paid | $615,635 |
| Total expenses and disbursements | $617,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,087 |
| Savings and temporary cash investments | $5,074,736 |
| 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 | $1,183,015 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,194,644 |
| 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, The Toffey Family Charitable has awarded $615,635 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL PURPOSES | $5,000 |
CLEVELAND CLINIC INDIAN RIVER PURPOSE: GENERAL PURPOSES | $25,000 |
DARTMOUTH ATHLETIC SPONSORS PURPOSE: GENERAL PURPOSES | $300 |
DARTMOUTH COLLEGE FUND PURPOSE: GENERAL PURPOSES | $2,500 |
DARTMOUTH REVIEW PURPOSE: GENERAL PURPOSES | $1,700 |
FRIENDS OF DARTMOUTH ROWING PURPOSE: GENERAL PURPOSES | $2,500 |