Linda K Marino Charitable Trust
- Assets
- $297.6k
- Revenue
- $8.3k
- Investments
- $297.6k
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 20-7286250
Organization Overview
Linda K Marino Charitable Trust is located in Waltham, MA. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Linda K Marino Charitable Trust 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 12/2023, Linda K Marino Charitable Trust generated $8.3k 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 (13.8%) each year. All expenses for the organization totaled $181.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Linda K Marino Charitable Trust has awarded 23 individual grants totaling $210,843. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda K Marino Trustee | 5 | $14,100 | |
Roger M Marino Trustee | 0 | $0 | |
Philip Seidl Trustee | 5 | $14,100 | |
Melanie E Callahan Trustee | 5 | $14,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,335 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,652 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,356 |
| Capital Gain Net Income | $3,356 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,343 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,300 |
| Other employee salaries and wages | $14,100 |
| Pension plans, employee benefits | $94,206 |
| Interest | $5,390 |
| Taxes | $5,798 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,395 |
| Total operating and administrative expenses | $169,489 |
| Contributions, gifts, grants paid | $12,093 |
| Total expenses and disbursements | $181,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $297,623 |
| 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 | $173,701 |
| Total liabilities | $173,701 |
Grants Awarded
Over the last fiscal year, Linda K Marino Charitable Trust has awarded $12,093 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: TO SUPPORT RESEARCH | $10,000 |
SAVE ONE SOUL ANIMAL RESCUE PURPOSE: TO SUPPORT THE COMMUNITY | $1,000 |
TWLOHA INC PURPOSE: TO SUPPORT THE COMMUNITY | $1,093 |