Newburyport Howard Benevolent Society
- Assets
- $2.9m
- Revenue
- $163.6k
- Investments
- $2.3m
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 10/1971
- Data as of
- 09/2023
- EIN
- 04-6041304
Organization Overview
Newburyport Howard Benevolent Society is located in Newburyport, MA. The organization was established in 1971. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Newburyport Howard Benevolent Society 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 09/2023, Newburyport Howard Benevolent Society generated $163.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $149.3k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Newburyport Howard Benevolent Society has awarded 61 individual grants totaling $647,681. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENTS MADE DIRECTLY FOR INDIVIDUALS 39223.00
PETTENGILL HOUSE 9952.00
OUR NEIGHBORS TABLE 8250.00
FIRST PARISH CHURCH 8250.00
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Gould President | 2 | $6,000 | |
Peter Demaranville Director | 1 | $3,600 | |
Ralph Johnson Treasurer | 2 | $6,000 | |
William Mcclellan Director | 1 | $3,600 | |
Nancy Taylor Secretary | 1 | $6,000 | |
Thomas Howard Director | 1 | $3,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,899 |
| Dividends & Interest | $144,372 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,326 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $163,597 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,213 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,244 |
| Total operating and administrative expenses | $57,406 |
| Contributions, gifts, grants paid | $91,924 |
| Total expenses and disbursements | $149,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,824 |
| Savings and temporary cash investments | $451,965 |
| 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 | $2,916,876 |
| 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, Newburyport Howard Benevolent Society has awarded $91,924 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NEWBURYPORT CITIZENS PURPOSE: INDIVIDUAL'S SUPPORT | $39,222 |
PETTENGILL HOUSE PURPOSE: AID LOCAL POOR CITIZENS | $9,952 |
NEIGHBOR'S TABLE PURPOSE: FEED THE POOR | $8,250 |
COMMUNITY ACTION & SERVICES PURPOSE: AID AND EDUCATION FOR CHILDREN | $8,250 |
SALVATION ARMY PURPOSE: ASSISTANCE OF THE POOR | $8,250 |
ELDER SERVICES PURPOSE: ASSITANCE TO THE ELDERLY | $8,250 |