George A Dascomb Charitable Exempt Trust
- Assets
- $4.0m
- Revenue
- $281.0k
- Investments
- $3.9m
- Employees
- 0
- Location
- Bellows Falls, VT
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 03-6005799
Organization Overview
George A Dascomb Charitable Exempt Trust is located in Bellows Falls, VT. The organization was established in 1999. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. George A Dascomb Charitable Exempt Trust 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, George A Dascomb Charitable Exempt Trust generated $281.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $156.5k during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 7 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 2015, George A Dascomb Charitable Exempt Trust has awarded 62 individual grants totaling $342,424. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF CHARITABLE ORGANIZATIONS IN THE WESTMINSTER TOWNSHIP OR SURROUNDING AREA WHICH BENEFIT THE CITIZENS OF WESTMINSTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg A Dascomb Director-Tru | 10 | $7,200 | |
Michael A Lisai Director-Tru | 10 | $7,200 | |
Kathleen Lisai Director-Tru | 15 | $7,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $139,151 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $141,881 |
| Capital Gain Net Income | $85,560 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $281,032 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,518 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,177 |
| Total operating and administrative expenses | $47,517 |
| Contributions, gifts, grants paid | $109,000 |
| Total expenses and disbursements | $156,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,956 |
| Savings and temporary cash investments | $775 |
| Net Accounts receivable | $2,567 |
| 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 | $10,668 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,962,878 |
| Accounts payable and accrued expenses | $2,955 |
| 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 | $2,955 |
Grants Awarded
Over the last fiscal year, George A Dascomb Charitable Exempt Trust has awarded $109,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
WESTMINSTER EAST PARISH PURPOSE: BUILDING REPAIRS & ELEVATOR | $63,500 |
WESTMINSTER CONGREGATIONAL CHURCH PURPOSE: PAINTING THE CHURCH | $15,000 |
SO EAST VT COMMUNITY ACTI PURPOSE: FUND DRIVE-OPERATIONS | $13,000 |
WESTMINSTER HISTORICAL SOCIETY PURPOSE: OPERATING FUNDS | $8,100 |
Westminster, VT PURPOSE: FUND DRIVE-SENIOR CARE | $4,000 |
WESTMINSTER GAZETTE PURPOSE: HISTORY/REPORTS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Medical Research Foundation Needham, MA | $9,824,950 | $46,333,953 |
Hope For Youth Inc Amityville, NY | $10,865,800 | $14,335,992 |
Lauren And Lee Fixel Family Foundation Inc New York, NY | $40,185,371 | $21,974,777 |
Joy In Childhood Foundation Inc Canton, MA | $7,582,989 | $8,931,292 |
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Mccance Foundation Tr North Scituate, MA | $91,930,926 | $3,999,038 |
Childrens Dyslexia Centers Inc Lexington, MA | $70,604,540 | $15,265,584 |
Hampton Classic Horse Show Inc Bridgehampton, NY | $1,702,497 | $4,948,481 |
Peggy Mcgrath Rockefeller Foundation New York, NY | $16,278,993 | $1,905,197 |
Loring Wolcott & Coolidge Charitable Tr - I Boston, MA | $103,000 | $4,276,644 |