Helen A Nigro Foundation
- Assets
- $818.9k
- Revenue
- $27.7k
- Investments
- $787.0k
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 07/2003
- Data as of
- 12/2023
- EIN
- 30-6052351
Organization Overview
Helen A Nigro Foundation is located in Newburyport, MA. The organization was established in 2003. 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. Helen A Nigro 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 12/2023, Helen A Nigro Foundation generated $27.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $67.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Helen A Nigro Foundation has awarded 66 individual grants totaling $247,075. 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 |
|---|---|---|---|
Janice C Nigro Trustee/director | 0 | $0 | |
Eugene A Nigro Director | 0 | $0 | |
Carol Lucyniak Director | 0 | $0 | |
Jean Marie Nigro Director | 0 | $0 | |
Eleanor N Merrill Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,807 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,912 |
| Capital Gain Net Income | $5,912 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,719 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,219 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,629 |
| Total operating and administrative expenses | $18,973 |
| Contributions, gifts, grants paid | $48,000 |
| Total expenses and disbursements | $66,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,914 |
| 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 | $589,017 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $818,864 |
| 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, Helen A Nigro Foundation has awarded $48,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD SHEPARD FOOD BANK PURPOSE: UNRESTRICTED CONTRIBUTION | $5,500 |
HADWEN PARK CONGREGATIONAL CHURCH PURPOSE: UNRESTRICTED CONTRIBUTION | $7,000 |
MISSION OF DEEDS PURPOSE: UNRESTRICTED CONTRIBUTION | $10,000 |
MIDDLESEX CONCERT BAND PURPOSE: UNRESTRICTED CONTRIBUTION | $2,000 |
QUANNAPOWITT PLAYERS PURPOSE: UNRESTRICTED CONTRIBUTION | $1,000 |
READING FOOD PANTRY PURPOSE: UNRESTRICTED CONTRIBUTION | $7,500 |