The Cooperative Charitable Trust
- Assets
- $1.1m
- Revenue
- $29.6k
- Investments
- $1.1m
- Employees
- 0
- Location
- Watertown, MA
- Founding
- 04/1986
- Data as of
- 08/2023
- EIN
- 22-2672819
Organization Overview
The Cooperative Charitable Trust is located in Watertown, MA. The organization was established in 1986. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Cooperative Charitable Trust 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 08/2023, Cooperative Charitable Trust generated $29.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $62.1k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cooperative Charitable Trust has awarded 31 individual grants totaling $186,022. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert L Giel Trustee | 3 | $0 | |
Sue-Ellen Hershman-Tcherepnin Trustee | 3 | $0 | |
Margaret A Lund Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,959 |
| Dividends & Interest | $25,689 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $43,492 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,648 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $220 |
| Total operating and administrative expenses | $255 |
| Contributions, gifts, grants paid | $61,872 |
| Total expenses and disbursements | $62,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,279 |
| 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 | $1,092,801 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,110,080 |
| 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 Cooperative Charitable Trust has awarded $59,158 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
FORUM EXPENSES PURPOSE: FORUM EXPENSESTO ENOURAGE EMPLOYEEOWNED BUSINESSES | $43,158 |
EMPL0YEE OWNERSHIP EXPANSION PURPOSE: FOCUS ON EXPANDINGEMPLOYEEOWNERSHIP | $5,000 |
VERMONT EMPLOYEE OWNERSHIP CTR PURPOSE: PROMOTE AND FOSTER EMPLOYEEOWNED BUSINESSES | $6,000 |