Paine Charity Fund
- Assets
- $326.7k
- Revenue
- $18.5k
- Investments
- $304.7k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/1964
- Data as of
- 12/2022
- EIN
- 04-6013050
Organization Overview
Paine Charity Fund is located in Boston, MA. The organization was established in 1964. 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. Paine Charity Fund 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, Paine Charity Fund generated $18.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $36.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Paine Charity Fund has awarded 173 individual grants totaling $259,650. 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 |
|---|---|---|---|
Susan W Paine Trustee | 1 | $0 | |
Lisa N Mingolla Trustee | 1 | $0 | |
Daniel S Cheever Trustee | 1 | $0 | |
Deborah L Allinson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,677 |
| Dividends & Interest | $7,943 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,910 |
| Capital Gain Net Income | $8,910 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $836 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $11,823 |
| Contributions, gifts, grants paid | $24,850 |
| Total expenses and disbursements | $36,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,963 |
| 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 | $326,709 |
| 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, Paine Charity Fund has awarded $24,850 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON BALLET PURPOSE: GENERAL CHARITABLE PURPOSES | $2,500 |
BRATTLE FILM FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $500 |
HISTORY CAMBRIDGE PURPOSE: GENERAL CHARITABLE PURPOSES | $250 |
COTTING SCHOOL PURPOSE: GENERAL CHARITABLE PURPOSES | $500 |
FAMILY TO FAMILY PROJECT PURPOSE: GENERAL CHARITABLE PURPOSES | $500 |
GREAT DIXTER CHARITABLE TRUST PURPOSE: GENERAL CHARITABLE PURPOSES | $1,500 |