Rae Family Charitable Foundation Tr First Financial Trust N A Ttee
- Assets
- $1.0m
- Revenue
- $21.5k
- Investments
- $559.3k
- Employees
- 0
- Location
- Winthrop, MA
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-7385312
Organization Overview
Rae Family Charitable Foundation Tr First Financial Trust N A Ttee is located in Winthrop, 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. Rae Family Charitable Foundation Tr First Financial Trust N A Ttee 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 12/2022, Rae Family Charitable Foundation Tr First Financial Trust N A Ttee generated $21.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $88.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rae Family Charitable Foundation Tr First Financial Trust N A Ttee has awarded 68 individual grants totaling $451,558. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,035 |
| Capital Gain Net Income | $8,035 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,526 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,180 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $62 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $260 |
| Total operating and administrative expenses | $39,952 |
| Contributions, gifts, grants paid | $48,275 |
| Total expenses and disbursements | $88,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $488,837 |
| 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 | $323,729 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,048,138 |
| 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, Rae Family Charitable Foundation Tr First Financial Trust N A Ttee has awarded $48,275 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
EPIPHANY SCHOOL PURPOSE: DISCRETION OF ORGANIZATION | $15,000 |
NOTRE DAME EDUCATION CENTER PURPOSE: DISCRETION OF ORGANIZATION | $5,000 |
PHILANTHROPY MASSACHUSETTS PURPOSE: DISCRETION OF ORGANIZATION | $775 |
PINE STREET INN PURPOSE: DISCRETION OF ORGANIZATION | $7,000 |
SOUTH BOSTON NEIGHBORHOOD HOUSE PURPOSE: DISCRETION OF ORGANIZATION | $8,000 |
TRINITY BOSTON CONNECTS PURPOSE: DISCRETION OF ORGANIZATION | $12,500 |