East Boston Saving Bank Charitable Foundation Inc
- Assets
- $14.0m
- Revenue
- $557.0k
- Investments
- $13.9m
- Employees
- 0
- Location
- Rockland, MA
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 04-3406328
Organization Overview
East Boston Saving Bank Charitable Foundation Inc is located in Rockland, MA. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. East Boston Saving Bank Charitable Foundation 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 12/2021, East Boston Saving Bank Charitable Foundation Inc generated $557.0k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $702.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, East Boston Saving Bank Charitable Foundation Inc has awarded 749 individual grants totaling $3,034,675. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Previte Magoon Director | 1 | $500 | |
Ruth A Sheets-Wilson Director | 1 | $500 | |
Peter F Scolaro Director | 1 | $500 | |
Alexandra Antonino Treasurer | 1 | $0 | |
Margaret Mccarthy Director | 1 | $0 | |
Gerald Nadeau Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $242,638 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $314,237 |
| Capital Gain Net Income | $383,377 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $164 |
| Total Revenue | $557,039 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,774 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $230 |
| Total operating and administrative expenses | $16,504 |
| Contributions, gifts, grants paid | $685,450 |
| Total expenses and disbursements | $701,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,052 |
| Savings and temporary cash investments | $0 |
| 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 | $13,975,996 |
| 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, East Boston Saving Bank Charitable Foundation Inc has awarded $685,450 in support to 150 organizations.
| Grant Recipient | Amount |
|---|---|
CODMAN ACADEMY PURPOSE: EXEMPT PURPOSES | $10,000 |
FOUND IN TRANSLATION INC PURPOSE: EXEMPT PURPOSES | $10,000 |
Brookline, MA PURPOSE: EXEMPT PURPOSES | $10,000 |
FAMILY CONTINUITY PURPOSE: EXEMPT PURPOSES | $10,000 |
Jamaica Plain, MA PURPOSE: EXEMPT PURPOSES | $10,000 |
East Boston, MA PURPOSE: EXEMPT PURPOSES | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that East Boston Saving Bank Charitable Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Hamilton Company Charitable Foundation Allston, MA PURPOSE: GENERAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |