Lyn & Margaret Comfort Charitable Foundation
- Assets
- $425.4k
- Revenue
- $15.7k
- Investments
- $415.8k
- Employees
- 0
- Location
- Newport, RI
- Founding
- 05/2005
- Data as of
- 06/2024
- EIN
- 20-1985235
Organization Overview
Lyn & Margaret Comfort Charitable Foundation is located in Newport, RI. The organization was established in 2005. 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. Lyn & Margaret Comfort Charitable 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 06/2024, Lyn & Margaret Comfort Charitable Foundation generated $15.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $44.1k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lyn & Margaret Comfort Charitable Foundation has awarded 216 individual grants totaling $288,751. 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 |
|---|---|---|---|
Lyn Comfort Treasurer/secretary | 0.4 | $0 | |
Margaret D Comfort President | 0.4 | $0 | |
Emily Comfort Director | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,350 |
| Interest on Savings | $492 |
| Dividends & Interest | $13,868 |
| 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 | $15,710 |
| 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 | $3,997 |
| Total operating and administrative expenses | $5,347 |
| Contributions, gifts, grants paid | $38,750 |
| Total expenses and disbursements | $44,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,589 |
| 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 | $425,369 |
| 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, Lyn & Margaret Comfort Charitable Foundation has awarded $38,750 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FOUNDATION FOR THE BLIND PURPOSE: TO EXPANDPOSSIBILITIES FORPEOPLE WITH VISION LOSS | $250 |
AQUIDNECK LAND TRUST PURPOSE: CONSERVATION ANDMANAGEMENT | $500 |
POTTER LEAGUE FOR ANIMALS PURPOSE: ANIMAL PROTECTIONAND WELFARE | $500 |
SEAMAN'S CHURCH INSTITUTE PURPOSE: WELL-BEING OFSEAFARERS | $500 |
COLLEGE OF CHARLESTON SAILING PURPOSE: EDUCATION | $500 |
SAIL TO PREVAIL PURPOSE: SUPPORTS SAILINGWITHDISABILITIES | $500 |