Everett Co-Operative Bank Charitable Foundation Inc
- Assets
- $3.7m
- Revenue
- $7.3k
- Investments
- $3.3m
- Employees
- 0
- Location
- Everett, MA
- Founding
- Data as of
- 12/2023
- EIN
- 88-3453777
Organization Overview
Everett Co-Operative Bank Charitable Foundation Inc is located in Everett, MA. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Everett Co-Operative Bank 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 12/2023, Everett Co-Operative Bank Charitable Foundation Inc generated $7.3k in total revenue. All expenses for the organization totaled $173.7k during the year ending 12/2023.
Since 2022, Everett Co-Operative Bank Charitable Foundation Inc has awarded 27 individual grants totaling $190,249. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard J O'neil Jr President/director | 1 | $0 | |
Carmela Vitale Vice President/treasurer/director | 1 | $0 | |
Alexander A Colarusso Secretary/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,340 |
| 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 | $7,340 |
| 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 | $953 |
| Total operating and administrative expenses | $8,498 |
| Contributions, gifts, grants paid | $165,249 |
| Total expenses and disbursements | $173,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,794 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,674,394 |
| 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, Everett Co-Operative Bank Charitable Foundation Inc has awarded $165,249 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS FOR EVERETT INC PURPOSE: EXEMPT PURPOSE | $2,500 |
BOYS AND GIRLS CLUB OF WOBURN PURPOSE: EXEMPT PURPOSE | $12,000 |
COMMUNITY SERVINGS PURPOSE: EXEMPT PURPOSE | $10,000 |
COPS FOR KIDS WITH CANCER PURPOSE: EXEMPT PURPOSE | $10,000 |
COUNCIL OF SOCIAL CONERN INC PURPOSE: EXEMPT PURPOSE | $10,000 |
E CLUB OF EVERETT PURPOSE: EXEMPT PURPOSE | $25,000 |