Charitable Tr Under Article Vii Of The Vivian J Palmieri Tr
- Assets
- $5.6m
- Revenue
- $567.2k
- Investments
- $3.2m
- Employees
- 0
- Location
- Jamestown, RI
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 47-6612483
Organization Overview
Charitable Tr Under Article Vii Of The Vivian J Palmieri Tr is located in Jamestown, RI. The organization was established in 2017. 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. Charitable Tr Under Article Vii Of The Vivian J Palmieri Tr 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, Charitable Tr Under Article Vii Of The Vivian J Palmieri Tr generated $567.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $635.4k during the year ending 12/2022. While expenses have increased by 12.9% 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 2016, Charitable Tr Under Article Vii Of The Vivian J Palmieri Tr has awarded 95 individual grants totaling $2,402,444. 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 |
|---|---|---|---|
Lelia D Palmieri Co-Trustee | 1 | $20,000 | |
John A Murphy Co-Trustee | 1 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,189 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $524,976 |
| Capital Gain Net Income | $524,976 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $567,165 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,664 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $92,317 |
| Contributions, gifts, grants paid | $543,057 |
| Total expenses and disbursements | $635,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,359,546 |
| 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 | $3,245,515 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,605,061 |
| 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, Charitable Tr Under Article Vii Of The Vivian J Palmieri Tr has awarded $543,057 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
PRESERVATION SOCIETY OF NEWPORT COUNTY PURPOSE: ROSECLIFF ROSE GARDEN | $150,000 |
SOUTH COUNTY HEALTH PURPOSE: UNRESTRICTED GIFT | $25,000 |
AUDUBON SOCIETY OF RHODE ISLAND PURPOSE: PROTECTING AND PROMOTING | $25,000 |
NARRAGANSETT HISTORICAL SOCIETY PURPOSE: UPKEEP AND MAINTENANCE OF | $25,000 |
ROSE ISLAND LIGHTHOUSE FOUNDATION PURPOSE: PROTECTING AND PROMOTING | $20,000 |
JAMESTOWN FIRE DEPARTMENT PURPOSE: UPDATE OF EXISTING JFD ROSE | $5,000 |