Copley Square Charitable Tr
- Assets
- $2.8m
- Revenue
- $378.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, RI
- Founding
- 03/1993
- Data as of
- 12/2021
- EIN
- 04-6710799
Organization Overview
Copley Square Charitable Tr is located in Newport, RI. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Copley Square Charitable Tr 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 12/2021, Copley Square Charitable Tr generated $378.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $142.7k during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GENERATION OF INVESTMENT INCOME IN SUPPORT OF THE FRIENDS OF COPLEY SQUARE, INC. A 501(C)(3) ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLD, MANAGE, AND EXPEND FUNDS FOR THE MAINTENANCE OF COPLEY SQUARE, BOSTON, MA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crosby Frank Trustee | Trustee | 2 | $0 |
Donahue Dan Trustee | Trustee | 2 | $0 |
Manizer-Cohen Megan Trustee | Trustee | 2 | $0 |
Osgood Chris Trustee | Trustee | 2 | $0 |
Brickley Nancy Trustee | Trustee | 2 | $0 |
Cook Christopher Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $48,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $330,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $378,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $125,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,700 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $142,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,807,400 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,807,400 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,807,400 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,807,400 |
Grants Awarded
Over the last fiscal year, Copley Square Charitable Tr has awarded $160,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF BOSTON PURPOSE: Memorial Design | $100,000 |
Boston, MA PURPOSE: Operations | $60,000 |
Endowment Analysis
| Beg. Balance | $2,653,500 |
| Earnings | $279,900 |
| Admin Expense | $1,000 |
| Grants | $125,000 |
| Ending Balance | $2,807,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Actblue Civics Inc Somerville, MA | $9,393,713 | $97,519,174 |
Dana-Farber Inc Boston, MA | $2,427,985,539 | $197,856,829 |
Benhaven Inc North Haven, CT | $15,268,980 | $23,482,851 |
Technical Assistance Collaborative Inc Boston, MA | $7,617,476 | $12,320,567 |
Hart United Inc North Haven, CT | $3,744,334 | $8,818,103 |
Harrow Corporation Cambridge, MA | $149,449,226 | $7,488,293 |
March Inc Of Manchester C/O Robert F Gorman Manchester, CT | $2,238,128 | $7,972,954 |
Compass Working Capital Inc Boston, MA | $7,231,995 | $7,536,157 |
St Marys Center For Women And Children Dorchester, MA | $17,216,628 | $6,009,920 |
Nexus Inc Woburn, MA | $3,178,879 | $5,374,987 |
Elizabeth Freeman Center Inc Pittsfield, MA | $1,785,847 | $4,169,842 |
Semcoa Inc New Bedford, MA | $4,008,939 | $3,889,678 |