Mascoma Savings Bank Foundation
- Assets
- $6.4m
- Revenue
- $516.9k
- Investments
- $6.2m
- Employees
- 0
- Location
- Lebanon, NH
- Founding
- 08/1987
- Data as of
- 12/2022
- EIN
- 22-2816632
Organization Overview
Mascoma Savings Bank Foundation is located in Lebanon, NH. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mascoma Savings 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 12/2022, Mascoma Savings Bank Foundation generated $516.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $498.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mascoma Savings Bank Foundation has awarded 150 individual grants totaling $1,366,365. 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 |
|---|---|---|---|
Gretchen Cherington Trustee | 1 | $0 | |
Edward Kerrigan Trustee Until April 2022 | 1 | $0 | |
Gary Gray Trustee | 1 | $0 | |
Merritt Patridge Trustee | 1 | $0 | |
Deirdre Goodrich Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $373,489 |
| Interest on Savings | $10 |
| Dividends & Interest | $142,032 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69 |
| Capital Gain Net Income | $69 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,286 |
| Total Revenue | $516,886 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $631 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,684 |
| Total operating and administrative expenses | $61,970 |
| Contributions, gifts, grants paid | $436,365 |
| Total expenses and disbursements | $498,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,686 |
| Savings and temporary cash investments | $158,812 |
| 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 | $6,137,003 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,414,862 |
| 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, Mascoma Savings Bank Foundation has awarded $436,365 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
CCBA PURPOSE: INDOOR POOL | $15,000 |
CHILDREN'S LITERACY FOUNDATION PURPOSE: NEW CHILDREN'S LITERACY FOUNDATION HEADQUARTERS | $10,000 |
BETHLEHEM REIMAGINED INC PURPOSE: DOWNTOWN BETHLEHEM REVITALIZATION | $8,500 |
COVER HOME REPAIR PURPOSE: BUILDING RENEWAL PROJECT | $20,000 |
CRAFTSTUDIES PURPOSE: BUILDING RENOVATION | $5,000 |
DAVID'S HOUSE PURPOSE: HVAC UPGRADE | $14,865 |