Worcester Railers Hc Charitable Foundation Inc
- Assets
- $54.2k
- Revenue
- $151.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 04/2016
- Data as of
- 12/2021
- EIN
- 81-1645767
Organization Overview
Worcester Railers Hc Charitable Foundation Inc is located in Beverly, MA. The organization was established in 2016. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Worcester Railers Hc Charitable Foundation Inc 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 12/2021, Worcester Railers Hc Charitable Foundation Inc generated $151.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $159.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Worcester Railers Hc Charitable Foundation Inc has awarded 199 individual grants totaling $1,154,300. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKATE TO SUCCESS: YOUTH SKATING/HOCKEY SERVING OVER 2,500 WORCESTER 4TH GRADERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clifford L Rucker Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $151,240 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $151,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $2,100 |
| Travel, conferences, and meetings | $21,144 |
| Printing and publications | $0 |
| Other expenses | $96 |
| Total operating and administrative expenses | $26,140 |
| Contributions, gifts, grants paid | $132,950 |
| Total expenses and disbursements | $159,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,186 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,000 |
| 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 | $54,186 |
| Accounts payable and accrued expenses | $46,244 |
| 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 | $46,244 |
Grants Awarded
Over the last fiscal year, Worcester Railers Hc Charitable Foundation Inc has awarded $132,950 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Worcester, MA PURPOSE: EXPLORER EXPRESS | $30,000 |
UNITED WAY OF CENTRAL MA PURPOSE: GENERAL | $25,000 |
SUMMIT ACADEMY INC PURPOSE: GENERAL | $20,000 |
TEMPLE EMMANUEL SINAI PURPOSE: JEWISH TEMPLE | $20,000 |
Worcester, MA PURPOSE: SPONSOR FOR COMMON OVAL | $15,000 |
THE SHINE INITIATIVE PURPOSE: CHILDHOOD MENTAL ILLNESS AWARENESS | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Worcester Railers Hc Charitable Foundation Inc has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Worcester Business Development Corporation Worcester, MA PURPOSE: HOCKEY SCHOLARSHIP | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comic Relief Inc New York, NY | $28,941,799 | $35,831,552 |
Givinga Foundation Inc Wellesley, MA | $2,876,364 | $15,849,424 |
Justgive Inc Weston, CT | $5,012,575 | $11,301,311 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meringoff Family Foundation Inc New York, NY | $455,360 | $3,000,005 |