Centreville Savings Bank Charitable Foundation
- Assets
- $24.8m
- Revenue
- $988.7k
- Investments
- $23.9m
- Employees
- 0
- Location
- West Warwick, RI
- Founding
- 08/2008
- Data as of
- 12/2023
- EIN
- 51-0673508
Organization Overview
Centreville Savings Bank Charitable Foundation is located in West Warwick, RI. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Centreville Savings Bank Charitable Foundation 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, Centreville Savings Bank Charitable Foundation generated $988.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Centreville Savings Bank Charitable Foundation has awarded 469 individual grants totaling $7,656,878. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Horvat President/ceo | 1 | $0 | |
Robert Jason Kulak Director/controller | 1 | $0 | |
Jocelyn Nacci Director | 1 | $0 | |
Mark Noble Director | 1 | $0 | |
Jhonny Leyva Director | 1 | $0 | |
Eve Veliz Moran Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $106,894 |
| Dividends & Interest | $470,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $410,090 |
| Capital Gain Net Income | $410,090 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,257 |
| Total Revenue | $988,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $125,993 |
| Contributions, gifts, grants paid | $1,275,410 |
| Total expenses and disbursements | $1,401,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,567 |
| Savings and temporary cash investments | $936,084 |
| 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 | $24,836,567 |
| 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, Centreville Savings Bank Charitable Foundation has awarded $1,515,009 in support to 120 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG VOICES PURPOSE: EXEMPT PURPOSE | $15,994 |
YMCA OF SMITHFIELD PURPOSE: EXEMPT PURPOSE | $5,000 |
YMCA OF GREATER PROVIDENCE PURPOSE: EXEMPT PURPOSE | $50,000 |
YEAR UP INC PURPOSE: EXEMPT PURPOSE | $10,000 |
WOMEN'S RESOURCE CENTER PURPOSE: EXEMPT PURPOSE | $2,500 |
WINDHAM-TOLLAND 4-H CAMP PURPOSE: EXEMPT PURPOSE | $2,500 |