Alice J Reen Charitable Trust
- Assets
- $1.2m
- Revenue
- $109.3k
- Investments
- $1.2m
- Employees
- 0
- Location
- Concord, NH
- Founding
- 04/1995
- Data as of
- 12/2023
- EIN
- 22-6652480
Organization Overview
Alice J Reen Charitable Trust is located in Concord, NH. The organization was established in 1995. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alice J Reen 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 12/2023, Alice J Reen Charitable Trust generated $109.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $100.9k during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Alice J Reen Charitable Trust has awarded 57 individual grants totaling $614,107. 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 |
|---|---|---|---|
Donald F Mason Co-Trustee | 0 | $6,000 | |
Bar Harbor Wealth Management Co-Trustee | 0 | $12,299 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,656 |
| Dividends & Interest | $37,281 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $67,412 |
| Capital Gain Net Income | $67,412 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,960 |
| Total Revenue | $109,309 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,299 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $110 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81 |
| Total operating and administrative expenses | $19,265 |
| Contributions, gifts, grants paid | $81,615 |
| Total expenses and disbursements | $100,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,107 |
| 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 | $728,716 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,215,200 |
| 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, Alice J Reen Charitable Trust has awarded $81,615 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DANA FARBER CANCER INSTIT PURPOSE: SCHOOL LIASON PROGRAM | $15,000 |
POPE MEMORIAL SPCA PURPOSE: A REEN EMERG STIPEND PROGRAM | $10,000 |
CONCORD MUSIC COMMUNITY SCHOOL PURPOSE: TUITION ASSISTANCE | $4,000 |
POPE MEMORIAL SPCA PURPOSE: ANESTEHSIA MACHINE | $4,800 |
NH PUBLIC TELEVISION PURPOSE: WINDOWS TO THE WILD | $15,000 |
CONCORD PUBLIC LIBRARY PURPOSE: BOOKSHELVES AND CHARGING STATIONS | $4,715 |