Marlborough Savings Charitable Foundation
- Assets
- $0.0
- Revenue
- $99.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Marlborough, MA
- Founding
- 12/2012
- Data as of
- 12/2020
- EIN
- 45-1800194
Organization Overview
Marlborough Savings Charitable Foundation is located in Marlborough, MA. The organization was established in 2012. 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.
For the year ending 12/2020, Marlborough Savings Charitable Foundation generated $99.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $60.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marlborough Savings Charitable Foundation has awarded 66 individual grants totaling $380,529. 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 |
|---|---|---|---|
Paul Musgrove Treasurer And Director | 1 | $0 | |
Ellen W Dorian President And Director | 1 | $0 | |
Walter J Dwyer IV Director | 1 | $0 | |
Diane King Clerk | 1 | $0 | |
Christopher Berglund Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $28,185 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,921 |
| Capital Gain Net Income | $70,921 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $99,120 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $898 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $391 |
| Total operating and administrative expenses | $10,748 |
| Contributions, gifts, grants paid | $49,640 |
| Total expenses and disbursements | $60,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Marlborough Savings Charitable Foundation has awarded $49,640 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
FRESH START FURNITURE - NOW I LAY ME DOWN TO SLEEP PROGRAM PURPOSE: PROVIDE BEDS FOR CHILDREN IN NEED. | $1,000 |
COMMONWEALTH GREEN LOW-INCOME HOUSING COALITIONWORCESTER COMMON GROUND PURPOSE: SUPPORT OVERWORKED HOMELESS SHELTERS AND LOW-INCOMEHOUSING AGENCIES IN ACCESSING TOOLS TO REDUCE UTILITY COSTS. | $1,500 |
RISE ABOVE FOUNDATION - FOSTER YOUTH PROGRAM PURPOSE: ACTIVITIES FOR METROWEST AND CENTRAL MA YOUTH IN FOSTER CARE | $1,000 |
CA FARLEY HOME AND SCHOOL ASSOC INC PURPOSE: OUTSIDE LEARNING SPACE PROJECT | $500 |
INDIAN HILL MUSIC PURPOSE: CAPITAL CAMPAIGN FOR INDIAN HILL MUSIC | $10,000 |
QUINSIGAMOND COMMUNITY COLLEGE FOUNDATION PURPOSE: STUDENT EMERGENCY FUND FOR STUDENTS IN NEED. | $2,500 |