Claremont Savings Bank Foundation
- Assets
- $976.3k
- Revenue
- $68.6k
- Investments
- $962.5k
- Employees
- 0
- Location
- Claremont, NH
- Founding
- 03/2003
- Data as of
- 06/2024
- EIN
- 33-1014741
Organization Overview
Claremont Savings Bank Foundation is located in Claremont, NH. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Claremont 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 06/2024, Claremont Savings Bank Foundation generated $68.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $118.4k during the year ending 06/2024. While expenses have increased by 2.7% per year over the past 9 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 2015, Claremont Savings Bank Foundation has awarded 622 individual grants totaling $979,349. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andre Lafreniere Trustee | 0.5 | $0 | |
Lynn Smith Trustee | 0.5 | $0 | |
Heather Minkler Trustee | 0.5 | $0 | |
Kathy Hubert Trustee | 0.5 | $0 | |
Sera Gray Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33 |
| Dividends & Interest | $38,959 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,600 |
| Capital Gain Net Income | $29,600 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $68,592 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,075 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,346 |
| Total operating and administrative expenses | $3,421 |
| Contributions, gifts, grants paid | $115,000 |
| Total expenses and disbursements | $118,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,802 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $976,314 |
| 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, Claremont Savings Bank Foundation has awarded $115,000 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
BABY STEPS FAMILY ASSISTANCE PURPOSE: TO FULFILL AND SUPPLY THE GAPS AND IMMEDIATE NEEDS OF THE COMMUNITY THROUGH OUR RESOURCE CENTER WHO ARE HOMELESS OR OF NO/INCOME/LOW-INCOME INDIVIDUALS AND FAMILIES HERE IN THE COMMUNITY. | $1,500 |
BLACK RIVER INNOVATION CAMPUS PURPOSE: THESE PROGRAMS WILL DOVETAIL INTO EXPANDED ROBOTICS AND XR (EXTENDED REALITY, AUGMENTED REALITY, AND VIRTUAL REALITY) AFTERSCHOOL CLUBS, WITH CURRICULUM SUPPORT AND A RESOURCE LIBRARY THAT WILL BE AVAILABLE TO COMMUNITY PARTNERS AND EDUCATORS. | $4,550 |
CAREERS CLIC PURPOSE: CAREERS CLIC OFFERS THE CONTINUUM OF CAREER DEVELOPMENT FOR K-12 STUDENTS IN NEW HAMPSHIRE AND VERMONT. SUPPORTS A NEW MULTI-YEAR INITIATIVE, ACCESS FOR ALL, TO REACH MORE SCHOOLS IN OUR REGION AND WILL SERVE APPROXIMATELY 300 UPPER VALLEY STUDENTS. | $1,000 |
CARTER COMMUNITY BUILDING ASSOCIATION PURPOSE: THE CCBA PROVIDES A FREE YOUTH- DROP-IN CENTER FOR LOCAL KIDS DURING AFTER SCHOOL HOURS, VACATION DAYS, AND SUMMER. | $2,500 |
CATHOLIC CHARITIES NEW HAMPSHIRE DBA NEW HAMPSHIRE FOOD BANK PURPOSE: PROVIDE HUNGER RELIEF FOR CHILDREN IN CLAREMONT SAVINGS BANK FOUNDATIONS COMMUNITY REINVESTMENT ACT (CRA) BRANCH/BANKING AREA. | $2,500 |
CHARLESTOWN AREA PTA PURPOSE: TO INSTALL A "BUDDY BENCH". THE BUDDY BENCH WILL BE INSTALLED BY COMMUNITY MEMBERS, PARENTS, GRANDPARENTS, AND CHILDREN IN THE CHARLESTOWN AREA. THE BENCH WILL PROVIDE CHILDREN WITH AN OPPORTUNITY TO BECOME ENGAGED AND INTERACT WITH EACH OTHER. IT GIVES THEM A PLACE TO RECOGNIZE A FRIEND IN NEED, AS WELL AS PROVIDES A SPACE FOR SOMEONE IN NEED TO SEEK HELP. | $1,300 |