Mary E Brock Trust Nect
- Assets
- $539.6k
- Revenue
- $47.6k
- Investments
- $519.4k
- Employees
- 0
- Location
- Johnston, RI
- Founding
- 09/1974
- Data as of
- 12/2021
- EIN
- 02-6030934
Organization Overview
Mary E Brock Trust Nect is located in Johnston, RI. The organization was established in 1974. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mary E Brock Trust Nect 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, Mary E Brock Trust Nect generated $47.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 36.0% each year . All expenses for the organization totaled $44.6k during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mary E Brock Trust Nect has awarded 52 individual grants totaling $118,148. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,812 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,775 |
| Capital Gain Net Income | $32,775 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,587 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,286 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,368 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $160 |
| Total operating and administrative expenses | $16,539 |
| Contributions, gifts, grants paid | $28,022 |
| Total expenses and disbursements | $44,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,224 |
| 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 | $519,394 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $539,618 |
| 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, Mary E Brock Trust Nect has awarded $28,022 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
PLEASANT STREET METHODIST CHURCH PURPOSE: UNRESTRICTED GIFT | $10,285 |
MEADERBORO COMMUNITY CHURCH PURPOSE: UNRESTRICTED GIFT | $5,146 |
ORDER OF THE EASTERN STAR OF NH PURPOSE: UNRESTRICTED GIFT | $3,080 |
SALEM PUBLIC LIBRARY PURPOSE: UNRESTRICTED GIFT | $2,053 |
BOSTON UNIVERSITY PURPOSE: SCHOLARSHIP | $1,286 |
ROCHESTER PUBLIC LIBRARY PURPOSE: UNRESTRICTED GIFT | $1,027 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hunt Street Fund Inc Needham, MA | $102,244,956 | $9,516,120 |
James L Vincent Foundation Boston, MA | $11,098,257 | $1,513,039 |
The Grossman Family Foundation Cos Cob, CT | $140,113,231 | $7,972,359 |
Rose Foundation Boston, MA | $41,865 | $2,354,068 |
Irene E And George A Davis Foundation Springfield, MA | $74,799,666 | $13,067,801 |
Mccall Foundation Inc Torrington, CT | $4,589,378 | $6,967,747 |
Chorus Inc Boston, MA | $2,341,319 | $7,400,301 |
New North Citizens Council Springfield, MA | $3,852,208 | $8,039,203 |
Leslie B Barrett Foundation Stamford, CT | $0 | $391,427 |
Shaich Family Foundation Brookline, MA | $82,077,495 | $6,635,871 |
Cardinal Brook Trust Boston, MA | $0 | $3,583,411 |
Azcat Foundation Greenwich, CT | $63,379,859 | $15,943,989 |