1638 Fund Charitable Tr
- Assets
- $1.2m
- Revenue
- $70.5k
- Investments
- $1.1m
- Employees
- 0
- Location
- Brookline, MA
- Founding
- 11/2016
- Data as of
- 12/2021
- EIN
- 81-6882714
Organization Overview
1638 Fund Charitable Tr is located in Brookline, MA. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public 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. 1638 Fund 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 12/2021, 1638 Fund Charitable Tr generated $70.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (39.3%) each year. All expenses for the organization totaled $108.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT TOWN OF PLYMOUNT MA TO MAINTAIN AND SERVICE GUERNSEY CANNON CONTRIBUTED IN 2020 FOR 400TH ANNIVERSARY CELEBRATION
FINANCIAL SUPPORT TO ASSIST IN MAINTENANCE OF MILITARY MUSEUM LOCATED AT FANIEUL HALL IN DOWNTOWN BOSTON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph A Milano Chairman | 0 | $0 | |
Brian S Kane Treasurer | 0 | $0 | |
Jerome V Sweeney II Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $46,750 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,799 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $51,868 |
| Net ST Capital Gain | $51,868 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,207 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $206 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,333 |
| Contributions, gifts, grants paid | $82,357 |
| Total expenses and disbursements | $108,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,382 |
| 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 | $1,101,151 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,220,533 |
| 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, 1638 Fund Charitable Tr has awarded $142,357 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF PLYMOUTH MASS PURPOSE: 400 TH ANNIVERSARY CANNON | $82,357 |
ANCIENT & HONORABLE MILITARY MUSEUM PURPOSE: OPERATION MAINTENANCE OF MUSEUM | $60,000 |