St Marys Bank Charitable Foundation
- Assets
- $3.8m
- Revenue
- $1.1m
- Investments
- $2.7m
- Employees
- 0
- Location
- Manchester, NH
- Founding
- Data as of
- 12/2022
- EIN
- 84-3254128
Organization Overview
St Marys Bank Charitable Foundation is located in Manchester, NH. 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 an independent organization and not affiliated with a larger national or regional group of organizations. St Marys 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 12/2022, St Marys Bank Charitable Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.9% each year.
Since 2021, St Marys Bank Charitable Foundation has awarded 46 individual grants totaling $345,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Covey Jr CEO (thru Dec. 2022) | 1 | $0 | |
Kevin Nihill CFO & Treasurer | 1 | $0 | |
Stephen J Grzywacz Chairman | 1 | $0 | |
Elizabeth Hitchcock Vice Chairman | 1 | $0 | |
Gina M Balkus Director | 1 | $0 | |
David H Bellman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $990,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $105,770 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,512 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,081,258 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $346 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,771 |
| Total operating and administrative expenses | $56,662 |
| Contributions, gifts, grants paid | $42,500 |
| Total expenses and disbursements | $99,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292 |
| Savings and temporary cash investments | $1,036,999 |
| 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 | $17,257 |
| Total assets | $3,769,043 |
| Accounts payable and accrued expenses | $2,000 |
| Grants payable | $230,000 |
| 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 | $232,000 |
Grants Awarded
Over the last fiscal year, St Marys Bank Charitable Foundation has awarded $215,000 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
NH COALITION PURPOSE: COMMUNITY SUPPORT | $10,000 |
MANCHESTER POLICE ATHLETIC LEAGUE PURPOSE: COMMUNITY SUPPORT | $5,000 |
CHILD ADVOCACY CENTER OF ROCKINGHAM COUNTY PURPOSE: COMMUNITY SUPPORT | $3,500 |
MANCHESTER COMMUNITY THEATRE PLAYERS PURPOSE: COMMUNITY SUPPORT | $3,000 |
ADULT LEARNING CENTER PURPOSE: COMMUNITY SUPPORT | $3,000 |
AIDAN CONNOLLY PURPOSE: SCHOLARSHIP | $1,000 |