Sarah W Rollins Charitable Tr
- Assets
- $2.4m
- Revenue
- $251.0k
- Investments
- $2.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/2007
- Data as of
- 02/2024
- EIN
- 20-6798439
Organization Overview
Sarah W Rollins Charitable Tr is located in Boston, MA. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Sarah W Rollins Charitable Tr 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 02/2024, Sarah W Rollins Charitable Tr generated $251.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $227.4k during the year ending 02/2024. While expenses have increased by 4.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sarah W Rollins Charitable Tr has awarded 46 individual grants totaling $901,000. 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 |
|---|---|---|---|
Cambridge Trust Company Co-Trustee | 1 | $7,753 | |
Lawrence Cohen ESQ Co-Trustee | 1 | $7,753 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $80,274 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $170,732 |
| Capital Gain Net Income | $170,732 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $251,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,506 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,111 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,809 |
| Total operating and administrative expenses | $57,437 |
| Contributions, gifts, grants paid | $170,000 |
| Total expenses and disbursements | $227,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,120 |
| Savings and temporary cash investments | $41,578 |
| 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 | $34,587 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,376,186 |
| 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, Sarah W Rollins Charitable Tr has awarded $170,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDER TWILIGHT ACADEMY PURPOSE: GENERAL | $10,000 |
MILTON FOOD PANTRY PURPOSE: GENERAL | $10,000 |
YOUNG MAN WITH A PLAN PURPOSE: GENERAL | $20,000 |
AMERICAN INDIAN COLLEGE FUND PURPOSE: GENERAL | $10,000 |
BREAKTHROUGH GREATER BOSTON PURPOSE: GENERAL | $20,000 |
SILVERLINING MENTORING PURPOSE: GENERAL OPERATING | $20,000 |