Donald E Garrant Foundation Inc
- Assets
- $436.7k
- Revenue
- $45.0k
- Investments
- $381.4k
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 11/2001
- Data as of
- 12/2022
- EIN
- 04-3563155
Organization Overview
Donald E Garrant Foundation Inc is located in Wakefield, MA. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Donald E Garrant 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, Donald E Garrant Foundation Inc generated $45.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $14.9k during the year ending 12/2022. While expenses have increased by 11.8% per year over the past 6 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
CREDIT FOR LIFE FAIR:SPONSOR FOR EVENT AT LOCAL HIGH SCHOOLS FOR FINANCIAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Dibella President/director | 1 | $0 | |
Denise Carbone Treasurer/director | 1 | $0 | |
Scott C Garrant Director | 1 | $0 | |
Therese Jarmusik Director | 1 | $0 | |
Raichelle L Kallery Director | 1 | $0 | |
Suzanne M Lamoureux Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,293 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,499 |
| Capital Gain Net Income | $6,499 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,992 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $212 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $8,387 |
| Contributions, gifts, grants paid | $6,500 |
| Total expenses and disbursements | $14,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,916 |
| Savings and temporary cash investments | $15,399 |
| 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 | $436,736 |
| 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, Donald E Garrant Foundation Inc has awarded $23,835 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SI SE PUEDE INC PURPOSE: FINANCIAL LITERACY PROGRAM | $5,035 |
FITMONEY INC PURPOSE: FINANCIAL LITERACY PROGRAM | $3,750 |
LAWRENCE COMMUNITY WORKS PURPOSE: FINANCIAL LITERACY PROGRAM | $10,000 |
WAKEFIELD MEMORIAL HIGH SCHOOL PURPOSE: FINANCIAL LITERACY PROGRAM | $1,050 |
BOYS & GIRLS CLUBS OF STONEHAM & WAKEFIELD PURPOSE: FINANCIAL LITERACY PROGRAM | $4,000 |