Citizens Charitable Foundation
- Assets
- $1.3m
- Revenue
- $2.2m
- Investments
- $908.5k
- Employees
- 0
- Location
- Johnston, RI
- Founding
- 06/2005
- Data as of
- 12/2023
- EIN
- 20-2302039
Organization Overview
Citizens Charitable Foundation is located in Johnston, 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. Citizens 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 12/2023, Citizens Charitable Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.0% each year . All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Citizens Charitable Foundation has awarded 3,208 individual grants totaling $4,211,088. 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 |
|---|---|---|---|
Michelle Hecht President | 0.03 | $0 | |
Denise Wolffs Vice President | 0.19 | $0 | |
Keri Santos Director Of Corp Giving | 0.98 | $0 | |
Chris Grenier Secretary | 1.03 | $0 | |
Dan Astolfi Treasurer | 0.09 | $0 | |
Gary Ashjian Assistant Sectretary | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,141,608 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,803 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,875 |
| Capital Gain Net Income | $19,804 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28 |
| Total Revenue | $2,195,314 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $621 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,208 |
| Total operating and administrative expenses | $14,797 |
| Contributions, gifts, grants paid | $1,996,192 |
| Total expenses and disbursements | $2,010,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,357 |
| 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 | $1,338,872 |
| 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, Citizens Charitable Foundation has awarded $2,015,224 in support to 1,629 organizations.
| Grant Recipient | Amount |
|---|---|
11 DAY POWER PLAY INC PURPOSE: MATCHING GIFTS | $1,000 |
1N10 INC PURPOSE: MATCHING GIFTS | $65 |
261 FEARLESS INC PURPOSE: MATCHING GIFTS | $250 |
24 FOUNDATION INC PURPOSE: MATCHING GIFTS | $204 |
4 PAWS 1 HEART PURPOSE: MATCHING GIFTS | $400 |
4 PAWS DOG RESCUE PURPOSE: MATCHING GIFTS | $70 |