Putnam Bank Foundation
- Assets
- $2.0m
- Revenue
- $56.3k
- Investments
- $2.0m
- Employees
- 0
- Location
- Putnam, CT
- Founding
- 04/2006
- Data as of
- 06/2023
- EIN
- 20-1716876
Organization Overview
Putnam Bank Foundation is located in Putnam, CT. The organization was established in 2006. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Putnam Bank 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 06/2023, Putnam Bank Foundation generated $56.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $56.7k during the year ending 06/2023. While expenses have increased by 1.9% per year over the past 7 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, Putnam Bank Foundation has awarded 169 individual grants totaling $673,885. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas A Borner President | 0 | $0 | |
Richard A Loomis VP & Treasur | 0 | $0 | |
Paul M Kelly Director | 0 | $0 | |
Jitendra Sinha Director | 0 | $0 | |
Charles H Puffer Director | 0 | $0 | |
Kyle F Borner Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $56,293 |
| 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 | $0 |
| Total Revenue | $56,293 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $409 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $552 |
| Total operating and administrative expenses | $1,761 |
| Contributions, gifts, grants paid | $54,986 |
| Total expenses and disbursements | $56,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,747 |
| Savings and temporary cash investments | $0 |
| 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 | $2,048,251 |
| 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, Putnam Bank Foundation has awarded $54,986 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
QVCC FOUNDATION INC PURPOSE: TACKLE THE TRAIL | $2,500 |
AMERICAN LEGION POST 13 PURPOSE: DONATION | $1,000 |
DANIELSON VETERANS COFEE HOUSE PURPOSE: DONATION | $500 |
JOLLY JOHN'S KEEP ON TRUCKIN FUND PURPOSE: DONATION | $5,000 |
DAILY BREAD FOOD PANTRY PURPOSE: DONATION | $1,000 |
HALE YMCA YOUTH & FAMILY CENTER PURPOSE: YOUTH ACTIVITY SPONSORSHIP | $5,250 |