Herb Chambers Charitable Foundation Inc
- Assets
- $20.4m
- Revenue
- $306.8k
- Investments
- $20.3m
- Employees
- 0
- Location
- Glastonbury, CT
- Founding
- 10/2012
- Data as of
- 12/2022
- EIN
- 45-4069504
Organization Overview
Herb Chambers Charitable Foundation Inc is located in Glastonbury, CT. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herb Chambers Charitable Foundation Inc 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, Herb Chambers Charitable Foundation Inc generated $306.8k 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 (8.0%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Herb Chambers Charitable Foundation Inc has awarded 314 individual grants totaling $7,481,839. 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 |
|---|---|---|---|
Herbert G Chambers President And Treasurer | 1 | $0 | |
James A Duchesneau Secretary | 1 | $0 | |
George H Chambers Director | 1 | $0 | |
Melissa Steffy Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,818 |
| Dividends & Interest | $304,983 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $306,801 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,121 |
| Total operating and administrative expenses | $45,621 |
| Contributions, gifts, grants paid | $1,946,439 |
| Total expenses and disbursements | $1,992,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,773 |
| 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 | $20,429,844 |
| Accounts payable and accrued expenses | $7,500 |
| 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 | $7,500 |
Grants Awarded
Over the last fiscal year, Herb Chambers Charitable Foundation Inc has awarded $1,946,439 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
AMEGO INC PURPOSE: GENERAL OPERATIONS | $1,000 |
ANIMAL RESCUE LEAGUE OF BOSTON PURPOSE: GENERAL OPERATIONS | $10,000 |
BHS INNOVATION FUND PURPOSE: GENERAL OPERATIONS | $5,000 |
BOSTON CHILDRENS HOSPITAL PURPOSE: GENERAL OPERATIONS | $5,000 |
BOSTON SYMPHONY ORCHESTRA PURPOSE: GENERAL OPERATIONS | $6,000 |
BRIDGE OVER TROUBLED WATERS PURPOSE: GENERAL OPERATIONS | $25,276 |