Lyn & Margaret Comfort Charitable Foundation
- Assets
- $475.6k
- Revenue
- $51.4k
- Investments
- $464.8k
- Employees
- 0
- Location
- Newport, RI
- Founding
- 05/2005
- Data as of
- 06/2022
- EIN
- 20-1985235
Organization Overview
Lyn & Margaret Comfort Charitable Foundation is located in Newport, RI. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Lyn & Margaret Comfort Charitable 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 06/2022, Lyn & Margaret Comfort Charitable Foundation generated $51.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $35.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lyn & Margaret Comfort Charitable Foundation has awarded 172 individual grants totaling $218,751. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret D Comfort President | 0.4 | $0 | |
Lyn Comfort Treasurer/secretary | 0.4 | $0 | |
Emily Comfort Director | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,796 |
| Interest on Savings | $13 |
| Dividends & Interest | $12,746 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,864 |
| Capital Gain Net Income | $36,864 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,419 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $396 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,699 |
| Total operating and administrative expenses | $6,495 |
| Contributions, gifts, grants paid | $29,250 |
| Total expenses and disbursements | $35,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,785 |
| 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 | $475,570 |
| 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, Lyn & Margaret Comfort Charitable Foundation has awarded $29,250 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Newport, RI PURPOSE: EDUCATION | $15,000 |
WILLIAMS COLLEGE PURPOSE: EDUCATION | $2,250 |
Lander, WY PURPOSE: EDUCATION ANDLEADERSHIP | $1,000 |
ACLU FOUNDATION OF RI PURPOSE: EDUCATION | $1,000 |
Corvallis, OR PURPOSE: EDUCATION ANDLEADERSHIP | $1,000 |
MARTIN LUTHER KING CENTER PURPOSE: EDUCATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |
Fiduciary Charitable Foundation Boston, MA | $117,480,981 | $103,573,534 |
Salem Foundation Providence, RI | $36,287,179 | $36,691,105 |
Arbella Insurance Foundation Inc Boston, MA | $24,058,916 | $7,386,813 |
Gordon Family Foundation Boston, MA | $69,748,192 | $26,669,267 |
Rx Foundation Hadley, MA | $50,754,617 | $6,084,053 |
New England Patriots Charitable Foundation Inc Foxboro, MA | $3,485,294 | $4,177,476 |
Analog Devices Foundation Boston, MA | $30,375,749 | $1,239,762 |
Hastings Family Foundation Inc Boston, MA | $805,455 | $1,002,105 |
Avangrid Foundation Inc Orange, CT | $4,008,456 | $2,609,665 |
The@pitney Bowes Employee Involvement Fund Inc Stamford, CT | $705,026 | $2,000,866 |
Citizens Charitable Foundation Johnston, RI | $1,566,462 | $187,401 |