Pentucket Bank Charitable Foundation Inc
- Assets
- $3.5m
- Revenue
- $186.6k
- Investments
- $2.9m
- Employees
- 0
- Location
- Haverhill, MA
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 45-4083884
Organization Overview
Pentucket Bank Charitable Foundation Inc is located in Haverhill, MA. The organization was established in 2012. 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. Pentucket Bank 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 12/2023, Pentucket Bank Charitable Foundation Inc generated $186.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $346.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pentucket Bank Charitable Foundation Inc has awarded 224 individual grants totaling $1,955,152. 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 |
|---|---|---|---|
Timothy Schiavoni Clerk/director | 1 | $0 | |
Peter A Carbone Director | 1 | $0 | |
Leanne M Petrou Director | 1 | $0 | |
Karl Denu Treasurer/director | 1 | $0 | |
Jonathan Dowst President/director | 1 | $0 | |
Eric Landers Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33,644 |
| Dividends & Interest | $57,919 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $95,023 |
| Capital Gain Net Income | $95,023 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $186,586 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $519 |
| Total operating and administrative expenses | $47,327 |
| Contributions, gifts, grants paid | $298,890 |
| Total expenses and disbursements | $346,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,319 |
| Savings and temporary cash investments | $305,757 |
| 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 | $3,472,649 |
| 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 | $3,500 |
| Total liabilities | $3,500 |
Grants Awarded
Over the last fiscal year, Pentucket Bank Charitable Foundation Inc has awarded $643,890 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
ATKINSON HISTORICAL SOCIETY PURPOSE: EXEMPT PURPOSES | $1,000 |
BOYS & GIRLS CLUB OF GREATER HAVERHILL PURPOSE: EXEMPT PURPOSES | $7,000 |
BELLESINI PURPOSE: EXEMPT PURPOSES | $1,000 |
BOYS & GIRLS CLUB OF GREATER SALEM PURPOSE: EXEMPT PURPOSES | $6,000 |
COMMUNITY ACTION PURPOSE: EXEMPT PURPOSES | $3,000 |
COMMUNITY INROADS PURPOSE: EXEMPT PURPOSES | $2,500 |