Merrimack County Savings Bank Foundation
- Assets
- $954.9k
- Revenue
- $49.4k
- Investments
- $933.5k
- Employees
- 0
- Location
- Concord, NH
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 04-3370159
Organization Overview
Merrimack County Savings Bank Foundation is located in Concord, NH. The organization was established in 1997. 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. Merrimack County Savings Bank Foundation 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, Merrimack County Savings Bank Foundation generated $49.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $80.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Brown Trustee | 0.1 | $0 | |
Jeffrey Kipperman Trustee | 0.1 | $0 | |
Linda Lorden Secretary/tr | 0.1 | $0 | |
Kelli D'amore Trustee | 0.1 | $0 | |
Elyssa Alfieri Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,727 |
| Dividends & Interest | $14,123 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,541 |
| Capital Gain Net Income | $26,541 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,391 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,492 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $16,309 |
| Contributions, gifts, grants paid | $64,485 |
| Total expenses and disbursements | $80,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,372 |
| 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 | $954,892 |
| 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, Merrimack County Savings Bank Foundation has awarded $64,485 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Manchester, NH PURPOSE: TO SUPPORT A DROP-IN CENTER AND SERV | $5,000 |
Nashua, NH PURPOSE: FUNDS WILL BE USED TO PROVIDE HOMELE | $5,000 |
CONCORD DENTAL SEALANT COALITION PURPOSE: TO PROVIDE ORAL HEALTH EDUCATION, CO | $4,000 |
Nashua, NH PURPOSE: TO SUPPORT STEM PROGRAMMING FOR MEMB | $3,850 |
GIRLS INC OF NEW HAMPSHIRE PURPOSE: TO FUND RESEARCH-BASED PREVENTION PR | $3,500 |
OVERCOMERS REFUGEE SERVICES PURPOSE: FUND THE COST OF MONTHLY MEETINGS TO | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
William J & Lia G Poorvu Family Foundation Cambridge, MA | $120,261,343 | $11,453,242 |
Shapiro Foundation Needham, MA | $157,349,001 | $11,545,549 |
New Balance Foundation Boston, MA | $152,561,164 | $17,219,252 |
Linde Family Foundation Boston, MA | $189,813,343 | $18,266,253 |
Nancy Lurie Marks Family Foundation Wellesley, MA | $0 | $8,374,794 |
Abrams Foundation Inc Boston, MA | $0 | $18,931,017 |
James S Mcdonnell Family Foundation Inc Lincoln, MA | $112,136,511 | $18,539,492 |
Highland Street Connection Newton, MA | $74,050,006 | $4,748,542 |
High Meadows Fund Inc Middlebury, VT | $79,370 | $3,916,817 |
Mooney-Reed Charitable Foundation Tr Concord, MA | $125,988,887 | $19,894,387 |
Rauch Foundation Inc Woodstock, VT | $0 | $7,676,886 |