Unibank Charitable Foundation Inc
- Assets
- $3.2m
- Revenue
- $983.7k
- Investments
- $2.9m
- Employees
- 0
- Location
- Whitinsville, MA
- Founding
- Data as of
- 12/2022
- EIN
- 83-2917209
Organization Overview
Unibank Charitable Foundation Inc is located in Whitinsville, MA. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Unibank 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 12/2022, Unibank Charitable Foundation Inc generated $983.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 58.0% each year .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy P Wickstrom President | 1 | $0 | |
John A Armstrong Director | 1 | $0 | |
John T Andreoli Director | 1 | $0 | |
Michael J Kroll Clerk | 1 | $0 | |
Nobo Sircar Treasurer | 1 | $0 | |
Robert A Bernstein Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,008,020 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,412 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$69,759 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $983,673 |
| 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 | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,667 |
| Total operating and administrative expenses | $34,839 |
| Contributions, gifts, grants paid | $95,339 |
| Total expenses and disbursements | $130,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,086 |
| 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 | $2,923,359 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,211,445 |
| 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, Unibank Charitable Foundation Inc has awarded $95,339 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OUR LADY OF THE VALLEY PURPOSE: COMMUNITY SUPPORT | $25,000 |
CHILDREN'S HAVEN INC PURPOSE: COMMUNITY SUPPORT | $20,000 |
WHITIN COMMUNITY CENTER PURPOSE: COMMUNITY SUPPORT | $40,339 |
DOUGLAS HISTORICAL SOCIETY INC PURPOSE: COMMUNITY SUPPORT | $10,000 |