Thomas S Pierce Trust Fbo
- Assets
- $4.5m
- Revenue
- $67.8k
- Investments
- $4.1m
- Employees
- 0
- Location
- Middleborough, MA
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 04-2007122
Organization Overview
Thomas S Pierce Trust Fbo is located in Middleborough, MA. The organization was established in 2009. 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. Thomas S Pierce Trust Fbo 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, Thomas S Pierce Trust Fbo generated $67.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $581.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thomas S Pierce Trust Fbo has awarded 51 individual grants totaling $2,009,308. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDING TO THE TOWN OF MIDDLEBOROUGH AND IT'S DEPARTMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Morris Trustee | 3 | $0 | |
Caroline Lacroix Trustee | 3 | $0 | |
Robert Desrosiers Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,059 |
| Dividends & Interest | $193,044 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$137,787 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,469 |
| Total Revenue | $67,785 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,144 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $196 |
| Total operating and administrative expenses | $71,653 |
| Contributions, gifts, grants paid | $510,104 |
| Total expenses and disbursements | $581,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,991 |
| Savings and temporary cash investments | $301,882 |
| 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 | $29,285 |
| Other assets | $0 |
| Total assets | $4,498,515 |
| 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, Thomas S Pierce Trust Fbo has awarded $624,104 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MIDDLEBOROUGH PARK DEPARTMENT PURPOSE: PARK IMPROVEMENTS | $186,905 |
MIDDLEBOROUGH FIRE DEPARTMENT PURPOSE: COMMAND VEHICLE, DISPATCH CENTER UPGRADE, TRAINING, AIRBAGS AND RADIOS | $155,000 |
MIDDLEBOROUGH PUBLIC LIBRARY PURPOSE: SECURITY CAMERAS AND CAPITAL PROJECTS | $101,000 |
MIDDLEBOROUGH SCHOOL DEPARTMENT PURPOSE: DRIVEWAY IMPROVEMENTS, MOTIVATIONAL SPEAKER | $29,000 |
MIDDLEBOROUGH DEPARTMENT OF ECONOMIC DEVELOPMENT PURPOSE: HISTORIC BUILDING SURVEY | $20,000 |
SOULE HOMESTEAD EDUCATION CENTER INC PURPOSE: ROOF REPLACEMENT AND SIDEWALL PAINTING | $29,000 |