Carole C Remick Ne Hs Journalism Collaborative Charitable Fdn
- Assets
- $4.0m
- Revenue
- $114.8k
- Investments
- $3.8m
- Employees
- 0
- Location
- Marblehead, MA
- Founding
- 02/2013
- Data as of
- 12/2022
- EIN
- 45-5390140
Organization Overview
Carole C Remick Ne Hs Journalism Collaborative Charitable Fdn is located in Marblehead, MA. The organization was established in 2013. 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. Carole C Remick NE Hs Journalism Collaborative Charitable Fdn 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, Carole C Remick NE Hs Journalism Collaborative Charitable Fdn generated $114.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $383.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carole C Remick NE Hs Journalism Collaborative Charitable Fdn has awarded 30 individual grants totaling $1,514,129. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDED REGIS COLLEGE FOR THE ESTABLISHMENT OF JOURNALISM PROGRAM
FUNDED NEW ENGLAND HIGH SCHOOL JOURNALISM FOR JOURNALISM PROGRAM
FUNDED THE WILY NETWORK FOR THEIR MISSION TO SUPPORT HOMLESS STUDENTS
FUNDED 826 BOSTON TO SUPPORT THEIR WRITING AND PUBLISHING PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J Leonard Trustee | 3 | $13,091 | |
Mary Kaye Leonard Director | 15 | $32,013 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $114,826 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $116,472 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $114,826 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,104 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $92,997 |
| Printing and publications | $0 |
| Other expenses | $4,617 |
| Total operating and administrative expenses | $193,311 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $383,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,722 |
| 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 | $3,823,435 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,950,157 |
| 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, Carole C Remick Ne Hs Journalism Collaborative Charitable Fdn has awarded $190,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
REGIS COLLEGE PURPOSE: ESTABLISHJOURNALISM PROGRAM/CHAIR | $10,000 |
NEW ENGLAND HIGH SCHOOL JOURNALISM PURPOSE: RUN PROGRAMFOR HIGH SCHOOLSTUDENTS | $80,000 |
THE WILY NETWORK PURPOSE: SUPPORT SERVICESFOR HOMELESSSTUDENTS | $50,000 |
826 BOSTON PURPOSE: SERVES TRADITIONALLYUNDERSERVED STUDENTSWRITING PUBLISHING | $30,000 |
MARBLEHEAD CURRENT PURPOSE: TO PROVIDE OBJECTIVEFAIR AND FREE LOCALNEWS TO THE COMMUNITY | $5,000 |
BELIEVE IN BOOKS PURPOSE: PROVIDE CHILDREN WITH BOOKS TO EXPAND THEIR HORIZONSAND UNDERSTANDING | $5,000 |