William B Rice Aid Fund Inc
- Assets
- $813.3k
- Revenue
- $31.7k
- Investments
- $797.0k
- Employees
- 0
- Location
- Hudson, MA
- Founding
- 07/1948
- Data as of
- 12/2022
- EIN
- 04-6058104
Organization Overview
William B Rice Aid Fund Inc is located in Hudson, MA. The organization was established in 1948. 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. William B Rice Aid Fund 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, William B Rice Aid Fund Inc generated $31.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $35.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, William B Rice Aid Fund Inc has awarded 153 individual grants totaling $253,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AWARDS PAID TO RESIDENTS OF HUDSON MA PURSUING POST SECONDARY EDUCATION 1 AWARD OF 2000 AND 10 AWARDS OF 1OOO EACH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Sousa Trustee | 10 | $7,900 | |
Paul Sheehan President | 2 | $5,500 | |
Alfred Weaver Trustee | 2 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $753 |
| Dividends & Interest | $30,989 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,742 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,513 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $625 |
| Total operating and administrative expenses | $23,823 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $35,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,296 |
| Savings and temporary cash investments | $2,012 |
| 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 | $813,284 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $27,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $420 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,420 |
Grants Awarded
Over the last fiscal year, William B Rice Aid Fund Inc has awarded $28,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
M CUDDY PURPOSE: SCHOLARSHIP | $1,000 |
L GOSEK PURPOSE: SCHOLARSHIP | $1,000 |
C DEVLIN PURPOSE: SCHOLARSHIP | $1,000 |
C NUMEROUCY PURPOSE: SCHOLARSHIP | $1,000 |
A FALCONI PURPOSE: SCHOLARSHIP | $1,000 |
B FORTES PURPOSE: SCHOLARSHIP | $1,000 |