Pearle W & Martin M Silverstein Foundation
- Assets
- $911.3k
- Revenue
- $136.7k
- Investments
- $831.1k
- Employees
- 0
- Location
- Providence, RI
- Founding
- 05/1989
- Data as of
- 12/2021
- EIN
- 05-0442756
Organization Overview
Pearle W & Martin M Silverstein Foundation is located in Providence, RI. The organization was established in 1989. 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. Pearle W & Martin M Silverstein Foundation 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, Pearle W & Martin M Silverstein Foundation generated $136.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.3% each year . All expenses for the organization totaled $81.0k during the year ending 12/2021. While expenses have increased by 21.7% per year over the past 4 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $25,727 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,441 |
| Capital Gain Net Income | $109,441 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,490 |
| Total Revenue | $136,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,175 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $548 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,092 |
| Total operating and administrative expenses | $27,245 |
| Contributions, gifts, grants paid | $53,775 |
| Total expenses and disbursements | $81,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,213 |
| 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 | $519,192 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $911,307 |
| 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, Pearle W & Martin M Silverstein Foundation has awarded $53,775 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: GENERAL | $5,000 |
Providence, RI PURPOSE: RI INTERFAITH COALITION | $5,000 |
Providence, RI PURPOSE: 2020-2021 CAMPAIGN | $3,600 |
Providence, RI PURPOSE: GENERAL | $2,500 |
TEMPLE BETH-EL PURPOSE: GENERAL | $2,500 |
COMMUNITY LIBRARIES OF PROVIDENCE PURPOSE: GENERAL | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
William J & Lia G Poorvu Family Foundation Cambridge, MA | $120,261,343 | $11,453,242 |
Shapiro Foundation Needham, MA | $157,349,001 | $11,545,549 |
New Balance Foundation Boston, MA | $152,561,164 | $17,219,252 |
Dorot Foundation Providence, RI | $152,678,758 | $11,417,261 |
Linde Family Foundation Boston, MA | $189,813,343 | $18,266,253 |
Nancy Lurie Marks Family Foundation Wellesley, MA | $0 | $8,374,794 |
Abrams Foundation Inc Boston, MA | $0 | $18,931,017 |
James S Mcdonnell Family Foundation Inc Lincoln, MA | $112,136,511 | $18,539,492 |
The Childrens Investment Fund Foundation West Hartford, CT | $147,469,388 | $4,068,315 |
Highland Street Connection Newton, MA | $74,050,006 | $4,748,542 |
Leir Foundation Inc Ridgefield, CT | $108,810,861 | $16,743,415 |