Taunton-South Shore Foundation Inc
- Assets
- $1.7m
- Revenue
- $178.8k
- Investments
- $1.7m
- Employees
- 0
- Location
- Shrewsbury, MA
- Founding
- 02/1966
- Data as of
- 12/2023
- EIN
- 04-6040591
Organization Overview
Taunton-South Shore Foundation Inc is located in Shrewsbury, MA. The organization was established in 1966. 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. Taunton-South Shore 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 12/2023, Taunton-South Shore Foundation Inc generated $178.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $121.2k during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 8 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.
Since 2014, Taunton-South Shore Foundation Inc has awarded 118 individual grants totaling $667,150. 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 |
|---|---|---|---|
Rosa Hallowell Trustee | 1 | $0 | |
Charles Daly Treasurer | 1 | $10,000 | |
Rebecca More Trustee | 1 | $0 | |
Charles Weeks President | 1 | $0 | |
Mark B Stein Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $33,245 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $144,580 |
| Capital Gain Net Income | $144,580 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,001 |
| Total Revenue | $178,833 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,727 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $635 |
| Total operating and administrative expenses | $35,207 |
| Contributions, gifts, grants paid | $86,000 |
| Total expenses and disbursements | $121,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,043 |
| Savings and temporary cash investments | $44,545 |
| 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 | $95,262 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,730,062 |
| Accounts payable and accrued expenses | $5,580 |
| 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 | $10,230 |
| Total liabilities | $15,810 |
Grants Awarded
Over the last fiscal year, Taunton-South Shore Foundation Inc has awarded $86,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS GIRLS CLUB OF METRO SOUTH PURPOSE: CONTRIBUTION TO GENERAL FUND | $60,000 |
OLD COLONY HISTORICAL SOCIETY PURPOSE: CONTRIBUTION TO GENERAL FUND | $11,000 |
WEEKS MEDICAL CENTER PURPOSE: CONTRIBUTION TO TRANSITIONAL MEDICAL STAFF HOUSING | $15,000 |