Margaret M Collins Charitable Tr
- Assets
- $2.5m
- Revenue
- $293.2k
- Investments
- $2.2m
- Employees
- 0
- Location
- Methuen, MA
- Founding
- 08/2003
- Data as of
- 12/2022
- EIN
- 51-6542774
Organization Overview
Margaret M Collins Charitable Tr is located in Methuen, MA. The organization was established in 2003. 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 the central organization for a national or regional group of organizations. Margaret M Collins Charitable 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, Margaret M Collins Charitable Tr generated $293.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.3% each year . All expenses for the organization totaled $185.6k during the year ending 12/2022. While expenses have increased by 9.8% per year over the past 4 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 2019, Margaret M Collins Charitable Tr has awarded 59 individual grants totaling $488,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,054 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $258,121 |
| Capital Gain Net Income | $258,121 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $293,175 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,553 |
| Total operating and administrative expenses | $32,553 |
| Contributions, gifts, grants paid | $153,000 |
| Total expenses and disbursements | $185,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $314,547 |
| 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 | $862,909 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,476,059 |
| 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, Margaret M Collins Charitable Tr has awarded $153,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BREAD AND ROSES PURPOSE: POOR | $15,000 |
CHILDRENS HOSPITAL PURPOSE: CHILDREN THAT ARE ILL | $15,000 |
KAPADIA EDUCATION FOUNDATION PURPOSE: EDUCATION | $5,000 |
LAWRENCE HISTORY CENTER PURPOSE: EDUCATION | $10,000 |
LAZARUS HOUSE PURPOSE: CHARITABLE/POOR | $15,000 |
MASS GENERAL HOSPITAL PURPOSE: CHARITABLE | $5,000 |