Mary C Jolly Trust Agreement
- Assets
- $292.9k
- Revenue
- $7.2k
- Investments
- $259.2k
- Employees
- 0
- Location
- Westerly, RI
- Founding
- 05/1995
- Data as of
- 12/2022
- EIN
- 05-0481805
Organization Overview
Mary C Jolly Trust Agreement is located in Westerly, RI. The organization was established in 1995. 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. Mary C Jolly Trust Agreement 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, Mary C Jolly Trust Agreement generated $7.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $21.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mary C Jolly Trust Agreement has awarded 52 individual grants totaling $108,103. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,137 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,961 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,675 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $5,943 |
| Contributions, gifts, grants paid | $15,815 |
| Total expenses and disbursements | $21,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,644 |
| 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 | $292,879 |
| 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, Mary C Jolly Trust Agreement has awarded $15,815 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF RHODE ISLAND PURPOSE: SCHOLARSHIPS | $536 |
PLYMOUTH STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $822 |
COMMUNITY COLLEGE OF RHODE ISLAND PURPOSE: SCHOLARSHIPS | $536 |
MEMORIAL & LIBRARY ASSOCIATION OF PURPOSE: OPERATIONS | $4,199 |
AMERICAN CANCER SOCIETY INC PURPOSE: OPERATIONS | $4,199 |
BRYANT UNIVERSITY PURPOSE: SCHOLARSHIP | $500 |