Ipswich Shellfish Foundation Inc
- Assets
- $83.8k
- Revenue
- $3.5k
- Investments
- $81.3k
- Employees
- 0
- Location
- Ipswich, MA
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 04-3412318
Organization Overview
Ipswich Shellfish Foundation Inc is located in Ipswich, MA. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Ipswich Shellfish 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 12/2022, Ipswich Shellfish Foundation Inc generated $3.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $5.9k during the year ending 12/2022. While expenses have increased by 5.4% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chrissi Pappas President/director | 0 | $0 | |
Alexander Pappas Treasurer/clerk/director | 0 | $0 | |
Peter J Mandragouras Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,190 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,323 |
| Capital Gain Net Income | $2,323 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,513 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $535 |
| Total operating and administrative expenses | $660 |
| Contributions, gifts, grants paid | $5,250 |
| Total expenses and disbursements | $5,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,560 |
| 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 | $83,815 |
| 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, Ipswich Shellfish Foundation Inc has awarded $5,250 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
HEATHER N SNOOK PURPOSE: TO FINANCE TUITION AND/OR EDUCATIONAL EXPENSES. | $525 |
ANDREW DASKOSKI PURPOSE: TO FINANCE TUITION AND/OR EDUCATIONAL EXPENSES. | $525 |
CHRISTINE N KUSNIRAK PURPOSE: TO FINANCE TUITION AND/OR EDUCATIONAL EXPENSES. | $525 |
JULIA SAXONIS PURPOSE: TO FINANCE TUITION AND/OR EDUCATIONAL EXPENSES. | $525 |
KILEY SAXONIS PURPOSE: TO FINANCE TUITION AND/OR EDUCATIONAL EXPENSES. | $525 |
JESSIE KILBURN PURPOSE: TO FINANCE TUITION AND/OR EDUCATIONAL EXPENSES. | $525 |