Iva & Jerome Preston Char Tr 1932
- Assets
- $609.4k
- Revenue
- $97.6k
- Investments
- $579.2k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/1963
- Data as of
- 06/2023
- EIN
- 04-6108371
Organization Overview
Iva & Jerome Preston Char Tr 1932 is located in Boston, MA. The organization was established in 1963. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Iva & Jerome Preston Char Tr 1932 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 06/2023, Iva & Jerome Preston Char Tr 1932 generated $97.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $64.5k during the year ending 06/2023. While expenses have increased by 2.8% 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 2016, Iva & Jerome Preston Char Tr 1932 has awarded 98 individual grants totaling $371,501. 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 |
|---|---|---|---|
Ellen B Cutler Trustee | 0.5 | $0 | |
Richard M Preston Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,678 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,914 |
| Capital Gain Net Income | $70,914 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $97,592 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,357 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $14,513 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $64,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,189 |
| 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 | $257,707 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $609,375 |
| 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, Iva & Jerome Preston Char Tr 1932 has awarded $50,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DIGDEEP RIGHT TO WATER PROJECT PURPOSE: SUPPORT OF CLEAN WATER PROJECTS | $7,500 |
FREEDOM READS PURPOSE: GENERAL PURPOSES | $4,000 |
JOHN HOPKINS CENTER FOR AMERICAN INDIAN HEALTH PURPOSE: GENERAL PURPOSES | $13,500 |
LAKOTA WALDORF SCHOOL PURPOSE: GENERAL PURPOSES | $5,500 |
NATIONAL NETWORK OF ABORTION FUNDS PURPOSE: GENERAL PURPOSES | $10,000 |
PRISON BOOK PROGRAM CO LUCY PARSONS BOOKSTORE PURPOSE: FOR BOOKS AND SHIPPING COSTS | $2,000 |