Emerson And Ruth Mccourt Charitable Tr Fbo Nhctc & Keene State
- Assets
- $1.4m
- Revenue
- $39.3k
- Investments
- $1.2m
- Employees
- 0
- Location
- Portsmouth, NH
- Founding
- 11/2011
- Data as of
- 12/2022
- EIN
- 26-6324388
Organization Overview
Emerson And Ruth Mccourt Charitable Tr Fbo Nhctc & Keene State is located in Portsmouth, NH. The organization was established in 2011. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Emerson And Ruth Mccourt Charitable Tr Fbo Nhctc & Keene State 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, Emerson And Ruth Mccourt Charitable Tr Fbo Nhctc & Keene State generated $39.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $71.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING TUITION ASSISTANCE FOR STUDENTS ATTENDING KEENE STATE COLLEGE AND GREAT BAY COMMUNITY COLLEGE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36 |
| Capital Gain Net Income | $36 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,878 |
| Total Revenue | $39,311 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $652 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,657 |
| Contributions, gifts, grants paid | $67,500 |
| Total expenses and disbursements | $71,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $259,893 |
| 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 | $131,403 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,439,903 |
| 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, Emerson And Ruth Mccourt Charitable Tr Fbo Nhctc & Keene State has awarded $67,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GREAT BAY COMMUNITY COLLEGE PURPOSE: SUPPORT COLLEGE EDUCATION THROUGH TUITION ASSISTANCE | $36,250 |
KEENE STATE COLLEGE PURPOSE: SUPPORT COLLEGE EDUCATION THROUGH TUITION ASSISTANCE | $31,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J Blair And Tena Frank Foundation Portland, ME | $25,306,261 | -$7,590,090 |
Precious Project Inc Lincoln, MA | $1,048,612 | $1,212,257 |
Corey C Griffin Charitable Foundation Framingham, MA | $13,543,276 | $5,178,493 |
Vecna Cares Charitable Tr Burlington, MA | $426,702 | $770,329 |
Emanuel & Pauline A Lerner Foundation Portland, ME | $0 | $332,272 |
Shalom Learning Inc Pittsfield, MA | $307,105 | $914,498 |
United Ways Of Vermont Essex Junction, VT | $137,916 | $916,882 |
Mildreds Dream Foundation Inc Boston, MA | $118,551 | $345,123 |
Summer Isle Foundation South Hamilton, MA | $10,911,658 | $2,836,638 |
Sensata Technologies Foundation Inc Attleboro, MA | $393,974 | $470,804 |
Family Philanthropic Foundation Boston, MA | $7,171,026 | $2,370,734 |
East Concord Medical Foundation Inc Boston, MA | $3,224,774 | $102,611 |