Fuller Trust Inc
- Assets
- $2.8m
- Revenue
- $101.0k
- Investments
- $2.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 11/1937
- Data as of
- 12/2022
- EIN
- 04-2104243
Organization Overview
Fuller Trust Inc is located in Boston, MA. The organization was established in 1937. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Fuller Trust 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 12/2022, Fuller Trust Inc generated $101.0k 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 (6.3%) each year. All expenses for the organization totaled $167.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LIVING ACCOMMODATIONS FOR THE INDIGENT ELDERLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas P Jalkut Co-Trustee | 3 | $20,000 | |
James R Degiacomo Co-Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nutter Mclennan & Fish Llp | 12/30/22 | $10,047 |
Nutter Mclennan & Fish Llp | 12/30/22 | $35,828 |
O'connor & Drew Pc | 12/30/22 | $6,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,661 |
| Dividends & Interest | $77,585 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,781 |
| Capital Gain Net Income | $4,781 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,027 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,817 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $58,952 |
| Contributions, gifts, grants paid | $108,297 |
| Total expenses and disbursements | $167,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $228,863 |
| 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 | $353,190 |
| Total assets | $2,832,966 |
| 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, Fuller Trust Inc has awarded $108,297 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MILTON FULLER HOUSING CORP PURPOSE: PROVIDE HOUSING AND RELATED SERVICES TO INDIGENT ELDERLY | $33,297 |
ROGERSON COMMUNITIES PURPOSE: PROVIDE HOUSING AND RELATED SERVICES TO SENIOR CITIZENS | $75,000 |