Heritagesalem Five Charitable Foundatio
- Assets
- $769.7k
- Revenue
- $29.7k
- Investments
- $706.3k
- Employees
- 0
- Location
- Salem, MA
- Founding
- Data as of
- 12/2018
- EIN
- 20-4325572
Organization Overview
Heritagesalem Five Charitable Foundatio is located in Salem, MA.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
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 |
|---|---|---|---|
Kenneth S Klipper Treasurer | 1 | $0 | |
Meghan H Needham Clerk | 1 | $0 | |
Daniel E Clasby Director | 1 | $0 | |
Donald S Glass President/director | 1 | $0 | |
William J Lundregan III Director | 1 | $0 | |
A Carmen Marciano Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,004 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,658 |
| Capital Gain Net Income | $9,658 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,662 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,535 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $8,524 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $88,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,130 |
| Savings and temporary cash investments | $57,871 |
| 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 | $1,359 |
| Total assets | $769,689 |
| 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, Heritagesalem Five Charitable Foundatio has awarded $80,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
MERRY MIXERS PURPOSE: EXEMPT PURPOSE | $5,000 |
LA VIDA INC PURPOSE: EXEMPT PURPOSE | $5,000 |
CITIZENS INC PURPOSE: EXEMPT PURPOSE | $5,000 |
THE FOOD PROJECT PURPOSE: EXEMPT PURPOSE | $5,000 |
RAW ART WORKS PURPOSE: EXEMPT PURPOSE | $5,000 |
BOYS & GIRLS CLUB OF GREATER SALEM PURPOSE: EXEMPT PURPOSE | $5,000 |
View Grant Profile