Meredith E Drench Charitable Tr
- Assets
- $1.7m
- Revenue
- $78.2k
- Investments
- $1.6m
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 47-6372167
Organization Overview
Meredith E Drench Charitable Tr is located in Newburyport, MA. The organization was established in 0000.
For the year ending 12/2023, Meredith E Drench Charitable Tr generated $78.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $169.7k during the year ending 12/2023. While expenses have increased by 0.7% per year over the past 7 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 2017, Meredith E Drench Charitable Tr has awarded 55 individual grants totaling $887,218. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $78,203 |
| 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 | $78,203 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,932 |
| 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 | $0 |
| Total operating and administrative expenses | $50,489 |
| Contributions, gifts, grants paid | $119,211 |
| Total expenses and disbursements | $169,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,188 |
| 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 | $1,682,649 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Meredith E Drench Charitable Tr has awarded $119,211 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HADASSAH WIZO AMERICA PURPOSE: WELFARE PROJECTS | $25,305 |
PEF ENDOWMENT HADASSAH ACADEMIC COLLEGE PURPOSE: EDUCATION | $20,547 |
AMERICAN FRIENDS OF ALYN HOSPITAL PURPOSE: MEDICAL | $26,151 |
PINE STREET INN PURPOSE: SHELTER/FOOD | $15,721 |
TRUSTEES OF BU PURPOSE: EDUCATION | $9,997 |
HOPE HOSPICE RHODE ISLAND PURPOSE: MEDICAL | $5,382 |