Alice J Reen Charitable Trust
- Assets
- $1.2m
- Revenue
- $274.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- Concord, NH
- Founding
- 04/1995
- Data as of
- 12/2021
- 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 12/2021, Alice J Reen Charitable Trust generated $274.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $105.9k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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 43 individual grants totaling $454,118. 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 |
|---|---|---|---|
Charter Trust Company Co-Trustee | 0 | $13,318 | |
Donald F Mason Co-Trustee | 0 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,461 |
| Dividends & Interest | $20,043 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $252,607 |
| Capital Gain Net Income | $252,607 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $274,111 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,318 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,235 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $283 |
| Total operating and administrative expenses | $21,521 |
| Contributions, gifts, grants paid | $84,382 |
| Total expenses and disbursements | $105,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $112,500 |
| 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 | $699,129 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,248,973 |
| 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 $84,382 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES NEW HAMPSHIRE PURPOSE: SUPPORT LOW INCOME FAMILIES & INDIV | $15,000 |
Concord, NH PURPOSE: NAVIGATION FORWARD FUND | $15,000 |
NH PUBLIC TELEVISION PURPOSE: WINDOWS TO THE WILD | $15,000 |
DANA FARBER CANCER INSTIT PURPOSE: SCHOOL LIASON PROGRAM | $13,000 |
Concord, NH PURPOSE: TUITION ASSISTANCE | $7,500 |
POPE MEMORIAL SPCA PURPOSE: A REEN EMERG STIPEND PROGRAM | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Springfield Rescue Mission Inc Springfield, MA | $3,518,136 | $17,540,773 |
Greg Hill Foundation Woburn, MA | $6,630,527 | $13,875,487 |
Caties Closet Inc Dracut, MA | $4,577,081 | $8,342,538 |
My Brothers Keeper Inc South Easton, MA | $7,204,366 | $7,147,768 |
Friendly House Inc Worcester, MA | $3,296,125 | $6,043,839 |
Survival Centers Inc North Amherst, MA | $5,185,676 | $3,479,204 |
Household Goods Inc Acton, MA | $5,119,123 | $3,641,820 |
Falmouth Service Center Inc Falmouth, MA | $6,325,276 | $3,036,715 |
Open Pantry Community Service Inc Springfield, MA | $2,755,020 | $2,428,699 |
Northampton Survival Center Inc Northampton, MA | $3,045,269 | $2,273,834 |
Health Care Without Walls Inc Wellesley, MA | $1,369,394 | $1,638,597 |
Loaves & Fishes Food Pantry Inc Ayer, MA | $3,913,029 | $1,872,575 |