Somerled Charitable Foundation
- Assets
- $305.1k
- Revenue
- $1.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Duxbury, MA
- Founding
- 12/2005
- Data as of
- 10/2022
- EIN
- 20-3771709
Organization Overview
Somerled Charitable Foundation is located in Duxbury, MA. The organization was established in 2005. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somerled 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 10/2022, Somerled Charitable Foundation generated $1.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (49.4%) each year. All expenses for the organization totaled $154.6k during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Somerled Charitable Foundation has awarded 272 individual grants totaling $789,995. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THISTLEDOWN ARTS - WORKING WITH UK SOLICITOR AND US FOUNDATION ATTORNEY TO FORM A UK-REGISTERED AFFILIATE.
PRINCE JEN - SCRIPT & SCORE REVISIONS CONTINUED; DRAMATURGY SESSION HELD WITH WRITERS AND CREATIVE TEAM IN FEBRUARY 2022; ADDITIONAL FEES PAID TO WRITERS TO RE-WORK THE SHOW FOR A SMALLER CAST. PREPARATIONS MADE FOR TABLE READING OF NEW SCRIPT IN EARLY FY2022.
MUSEUM OF BROKEN RELATIONSHIPS - ROYALTIES PAID TO AUTHORS OF THIS MUSICAL SOMERLED COMMISSIONED AS THEY CONTINUE TO REVISE. FY2022 THERE WILL BE A TABLE READING OF NEW DRAFT AND WE WILL BEGIN ACTIVELY SEEKING DEVELOPMENTAL PRODUCTION OPPORTUNITIES.
UNNAMED DRAMATICAL WORK - FEE PAID TO AUTHOR TO RESEARCH A TOPIC FOR POSSIBLE DEVELOPMENT INTO A PLAY OR MUSICAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert L Macdonald Trustee | 10 | $0 | |
Wendy L Macdonald Trustee | 40 | $0 | |
Sarah L Macdonald Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,576 |
| Dividends & Interest | $19 |
| 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 | $255 |
| Other Income | $0 |
| Total Revenue | $1,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $50,000 |
| Pension plans, employee benefits | $4,281 |
| Interest | $0 |
| Taxes | $3,906 |
| Depreciation | $0 |
| Occupancy | $349 |
| Travel, conferences, and meetings | $3,033 |
| Printing and publications | $0 |
| Other expenses | $31,246 |
| Total operating and administrative expenses | $153,558 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $154,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,897 |
| Savings and temporary cash investments | $277,230 |
| Net Accounts receivable | $7 |
| 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 | $2,000 |
| 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 | $305,134 |
| Accounts payable and accrued expenses | -$3,866 |
| 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 | -$3,866 |
Grants Awarded
Over the last fiscal year, Somerled Charitable Foundation has awarded $384,948 in support to 172 organizations.
| Grant Recipient | Amount |
|---|---|
DAVID M GARDOS PURPOSE: COVID-19 RELIEF CHARITABLE GIFT | $6,000 |
ADAM LAIRD PURPOSE: COVID-19 RELIEF CHARITABLE GIFT | $6,000 |
KATRINA R ELLIOTT PURPOSE: COVID-19 RELIEF CHARITABLE GIFT | $6,000 |
WILSON CHIN PURPOSE: COVID-19 RELIEF CHARITABLE GIFT | $6,000 |
WILSON CHIN PURPOSE: COVID-19 RELIEF CHARITABLE GIFT | $6,000 |
HALLE KILMAN PURPOSE: COVID-19 RELIEF CHARITABLE GIFT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Academy Of Music Inc Brooklyn, NY | $168,013,887 | $29,572,079 |
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
New Haven Center For Performing Arts Inc Waterbury, CT | $12,801,705 | $9,109,828 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |
Stadium Theatre Foundation Woonsocket, RI | $8,192,971 | $3,878,181 |
As 220 Providence, RI | $18,007,342 | $2,188,031 |
Rosies Theater Kids Inc New York, NY | $7,813,636 | $2,330,340 |
Patchogue Village Center For The Performing Arts Inc Patchogue, NY | $1,959,065 | $2,916,141 |