North Family Trust Robert Cummings Margaret Hogan
- Assets
- $818.7k
- Revenue
- $54.9k
- Investments
- $687.9k
- Employees
- 0
- Location
- Newport, RI
- Founding
- 05/1992
- Data as of
- 06/2022
- EIN
- 05-6091467
Organization Overview
North Family Trust Robert Cummings Margaret Hogan is located in Newport, RI. The organization was established in 1992. 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. North Family Trust Robert Cummings Margaret Hogan 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 06/2022, North Family Trust Robert Cummings Margaret Hogan generated $54.9k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $48.2k during the year ending 06/2022. While expenses have increased by 7.2% per year over the past 2 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret L Hogan Trustee | 2 | $0 | |
Louis G Murphy Jr Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,017 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,834 |
| Capital Gain Net Income | $27,834 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25 |
| Total Revenue | $54,876 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,265 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $165 |
| Total operating and administrative expenses | $6,255 |
| Contributions, gifts, grants paid | $41,976 |
| Total expenses and disbursements | $48,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $130,876 |
| 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 | $63,146 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $818,744 |
| 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, North Family Trust Robert Cummings Margaret Hogan has awarded $41,976 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF RHODE ISLAND PURPOSE: TO SUPPORT CHARITABLE ACTIVITIES | $8,000 |
NEWPORT MENTAL HEALTH CENTER PURPOSE: TO SUPPORT CHARITABLE ACTIVITIES | $2,500 |
NEWPORT PREVENTION COALITION PURPOSE: TO SUPPORT CHARITABLE ACTIVITIES | $2,000 |
JAMES L MAHER CENTER PURPOSE: TO SUPPORT SOCIAL SERVICES | $1,896 |
Middletown, RI PURPOSE: FUND AID FOR FAMILIES | $1,660 |
RHODY SQUASH PURPOSE: TO SUPPORT CHARITABLE ACTIVITIES | $1,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hunt Street Fund Inc Needham, MA | $102,244,956 | $9,516,120 |
James L Vincent Foundation Boston, MA | $11,098,257 | $1,513,039 |
The Grossman Family Foundation Cos Cob, CT | $140,113,231 | $7,972,359 |
Rose Foundation Boston, MA | $41,865 | $2,354,068 |
Irene E And George A Davis Foundation Springfield, MA | $74,799,666 | $13,067,801 |
Mccall Foundation Inc Torrington, CT | $4,589,378 | $6,967,747 |
Chorus Inc Boston, MA | $2,341,319 | $7,400,301 |
New North Citizens Council Springfield, MA | $3,852,208 | $8,039,203 |
Leslie B Barrett Foundation Stamford, CT | $0 | $391,427 |
Shaich Family Foundation Brookline, MA | $82,077,495 | $6,635,871 |
Cardinal Brook Trust Boston, MA | $0 | $3,583,411 |
Azcat Foundation Greenwich, CT | $63,379,859 | $15,943,989 |