Citizens Charitable Foundation
- Assets
- $1.6m
- Revenue
- $187.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Johnston, RI
- Founding
- 06/2005
- Data as of
- 12/2021
- EIN
- 20-2302039
Organization Overview
Citizens Charitable Foundation is located in Johnston, 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. Citizens 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 12/2021, Citizens Charitable Foundation generated $187.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Wolffs Vice President | 11 | $0 | |
Barbara Cottam President | 15 | $0 | |
Kathleen O'donnell Board Member | 19 | $0 | |
Keri Santos Director Of Corporate Giving | 98 | $0 | |
Dan Astolfi Treasurer | 3 | $0 | |
Christine Grenier Secretary(non-Voting Member) | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $152,395 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,442 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,693 |
| Capital Gain Net Income | $13,691 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $871 |
| Total Revenue | $187,401 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,335 |
| Total operating and administrative expenses | $21,107 |
| Contributions, gifts, grants paid | $2,556,126 |
| Total expenses and disbursements | $2,577,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $459,628 |
| 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 | $1,106,834 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,566,462 |
| 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 Recieved
Over the last fiscal year, we have identified 1 grants that Citizens Charitable Foundation has recieved totaling $22,138.
| Awarding Organization | Amount |
|---|---|
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $22,138 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
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 |