Danvers Rotary Club Charitable Endowment Trust
- Assets
- $421.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Peabody, MA
- Founding
- 07/1994
- Data as of
- 12/2023
- EIN
- 04-6659945
Organization Overview
Danvers Rotary Club Charitable Endowment Trust is located in Peabody, MA. The organization was established in 1994. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Danvers Rotary Club Charitable Endowment Trust 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, Danvers Rotary Club Charitable Endowment Trust generated $24.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $61.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT CHARITABLE, EDUCATIONAL, LITERARY OR SCIENTIFIC ORGANIZATIONS IN DANVERS, MASSACHUSETTS
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PLEDGED TO CONTRIBUTE $50,000 TO THE RENOVATIONS TO THE DANVERS COMMUNITY YMCA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Kilborn Chairperson | 1 | $0 | |
Daniel W Doherty Board Member | 1 | $0 | |
Neal Waldman Board Member | 1 | $0 | |
Jacqulyn Shamaugh Ex-Officio | 1 | $0 | |
Thomas Standring Board Member | 1 | $0 | |
Rich Vincent Ex-Officio | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $303 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12,690 |
| Gain or Loss | $11,275 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $24,268 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,377 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $35 |
| Total expenses | $61,225 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $421,822 |
| Other assets | $0 |
| Total assets | $421,822 |
| Total liabilities | $0 |
| Net assets or fund balances | $421,822 |
Grants Awarded
Over the last fiscal year, Danvers Rotary Club Charitable Endowment Trust has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF DANVERS MASSACHUSETTS PURPOSE: PICNIC PAVILION | $0 |