Jewett City Savings Bank Foundation Inc
- Assets
- $2.2m
- Revenue
- $604.6k
- Investments
- $2.1m
- Employees
- 0
- Location
- Jewett City, CT
- Founding
- 10/2003
- Data as of
- 12/2021
- EIN
- 13-4242396
Organization Overview
Jewett City Savings Bank Foundation Inc is located in Jewett City, CT. The organization was established in 2003. 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. Jewett City Savings Bank Foundation Inc 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, Jewett City Savings Bank Foundation Inc generated $604.6k in total revenue. All expenses for the organization totaled $69.3k during the year ending 12/2021.
Since 2019, Jewett City Savings Bank Foundation Inc has awarded 191 individual grants totaling $220,700. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Mcdonald Treasurer | 1 | $0 | |
Philip E Tetreault Director | 1 | $0 | |
Michael Alberts President/director | 1 | $0 | |
Brian A Andstrom Director | 1 | $0 | |
Robert James Thevenet Director | 1 | $0 | |
Louis J Demicco Chairman/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $511,117 |
| Interest on Savings | $7,342 |
| Dividends & Interest | $27,795 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,320 |
| Capital Gain Net Income | $58,320 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $604,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $130 |
| Total operating and administrative expenses | $330 |
| Contributions, gifts, grants paid | $68,995 |
| Total expenses and disbursements | $69,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,268 |
| Savings and temporary cash investments | $47,661 |
| 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 | $794,442 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $25,365 |
| Total assets | $2,180,647 |
| Accounts payable and accrued expenses | $82,634 |
| 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 | $82,634 |
Grants Awarded
Over the last fiscal year, Jewett City Savings Bank Foundation Inc has awarded $70,050 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
Norwich, CT PURPOSE: EXEMPT PURPOSES | $5,000 |
SAINT MARY FOOD PANTRY PURPOSE: EXEMPT PURPOSES | $3,000 |
FRIENDS OF ASSISI FOOD PANTRY PURPOSE: EXEMPT PURPOSES | $3,000 |
PROJECT PIN FOOD PANTRY PURPOSE: EXEMPT PURPOSES | $2,500 |
SLATER LIBRARY AND FANNING ANNEX PURPOSE: EXEMPT PURPOSES | $2,500 |
Westerly, RI PURPOSE: EXEMPT PURPOSES | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tr Ua 06162003 New York, NY | $24,153,189 | $17,543,623 |
Price Family Foundation Inc New York, NY | $4,922,654 | $6,599,359 |
Hunt Street Fund Inc Needham, MA | $102,244,956 | $9,516,120 |
Virginia B Toulmin Charitable Foundation Iii 20-102080246164 New York, NY | $0 | $3,507,979 |
Margaret A Nagel Tr Uw Art 2 Jericho, NY | $960,283 | $58,879 |
James L Vincent Foundation Boston, MA | $11,098,257 | $1,513,039 |
Lavelle Fund For The Blind Inc New York, NY | $163,250,000 | $53,286,253 |
Robert F & Mary P Hastings Foundation Inc East Amherst, NY | $201,145 | $300,300 |
Chesed Foundation Of America New York, NY | $261,423,843 | $7,176,271 |
Belvedere Charitable Foundation New York, NY | $6,000,444 | $12,756,802 |
The Grossman Family Foundation Cos Cob, CT | $140,113,231 | $7,972,359 |
The Gaudio Family Foundation New York, NY | $177,823,591 | $24,738,830 |