Somerled Charitable Foundation
- Assets
- $195.1k
- Revenue
- $112.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Duxbury, MA
- Founding
- 12/2005
- Data as of
- 10/2023
- EIN
- 20-3771709
Organization Overview
Somerled Charitable Foundation is located in Duxbury, MA. The organization was established in 2005. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somerled 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 10/2023, Somerled Charitable Foundation generated $112.2k 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 (7.9%) each year. All expenses for the organization totaled $222.0k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Somerled Charitable Foundation has awarded 272 individual grants totaling $789,995. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRINCE JEN - RENEWED UNDERLYING RIGHTS & OPTION THRU 6 30 2025; TABLE READING 11 7 22; DESIGN TEAM MEETINGS PREP FOR OLNEY RESIDENCY; REPAIR REPLACE ITEMS IN STORAGE DURING PANDEMIC; 1 WEEK RESIDENCY AT OLNEY THEATRE.
MUSEUM OF BROKEN RELATIONSHIPS - TABLE READINGS 2 21 23; DRAMATURGY SESSIONS 6 11-14; CONVERSATIONS WITH REGIONAL THEATERS - WE ARE OPTIMISTIC THERE WILL BE A PRESENTATION AT A BOSTON REGIONAL 2Q2024.
THISTLEDOWN ARTS - CREATION OF A UK REGISTERED CHARITY TO EXTEND AND EXPAND THE WORK SOMERLED DOES IN DEVELOPING NEW THEATRICAL WORKS AND SUPPORTING THE ARTISTS WHO CREATE THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy L Macdonald Trustee | 40 | $0 | |
Robert L Macdonald Trustee | 10 | $0 | |
Sarah L Macdonald Trustee | 1 | $0 | |
Ryan Scott Evans Artistic Director | 30 | $54,329 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,626 |
| Interest on Savings | $974 |
| Dividends & Interest | $10,265 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $309 |
| Other Income | $0 |
| Total Revenue | $112,174 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $54,329 |
| Pension plans, employee benefits | $4,513 |
| Interest | $0 |
| Taxes | $192 |
| Depreciation | $0 |
| Occupancy | $410 |
| Travel, conferences, and meetings | $10,579 |
| Printing and publications | $0 |
| Other expenses | $109,084 |
| Total operating and administrative expenses | $222,009 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $222,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,823 |
| Savings and temporary cash investments | $185,268 |
| Net Accounts receivable | $7 |
| 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 | $195,098 |
| Accounts payable and accrued expenses | -$1,832 |
| 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 | -$1,832 |
Grants Awarded
Over the last fiscal year, Somerled Charitable Foundation has awarded $384,948 in support to 172 organizations.
| Grant Recipient | Amount |
|---|---|
AARON A ALCARAZ PURPOSE: COVID-19 RELIEF CHARITABLE GIFT | $2,000 |
ADAM LAIRD PURPOSE: COVID-19 RELIEF CHARITABLE GIFT | $6,000 |
ALAN D WIGGINS PURPOSE: COVID-19 RELIEF CHARITABLE GIFT | $2,000 |
ALAN SCHMUCKLER PURPOSE: COVID-19 RELIEF CHARITABLE GIFT | $2,000 |
ANDREW G CHENG PURPOSE: COVID-19 RELIEF CHARITABLE GIFT | $2,000 |
ANN M OLIVER PURPOSE: COVID-19 RELIEF CHARITABLE GIFT | $2,000 |