Mgs And Rrs Charitable Trust
- Assets
- $2.1m
- Revenue
- $66.1k
- Investments
- $1.8m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/1987
- Data as of
- 12/2022
- EIN
- 22-2777614
Organization Overview
Mgs And Rrs Charitable Trust is located in Boston, MA. The organization was established in 1987. 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. Mgs And Rrs 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 12/2022, Mgs And Rrs Charitable Trust generated $66.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $117.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mgs And Rrs Charitable Trust has awarded 393 individual grants totaling $637,819. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS ONLY TO 501(C)(3)ORGANIZATIONSNO PROGRAMS OR GRANTS
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 |
|---|---|---|---|
Rosalie R Schorr Trustee | 0 | $0 | |
Eric D Schorr Trustee | 0 | $0 | |
Susan E Schorr Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,419 |
| Dividends & Interest | $15,023 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,638 |
| Capital Gain Net Income | $25,638 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,750 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,925 |
| Total operating and administrative expenses | $26,175 |
| Contributions, gifts, grants paid | $91,185 |
| Total expenses and disbursements | $117,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,498 |
| Savings and temporary cash investments | $4,810 |
| 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 | $2,100,063 |
| 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 | $71,627 |
| Total liabilities | $71,627 |
Grants Awarded
Over the last fiscal year, Mgs And Rrs Charitable Trust has awarded $91,185 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL PHILANTHROPIC TRUST PURPOSE: GENERAL | $5,000 |
NETWORK FOR GOOD - CULTIVATING COMMUNITY PURPOSE: GENERAL | $1,030 |
AMERICAN LIVER FOUNDATION PURPOSE: GENERAL | $250 |
THE PAN-MASS CHALLENGE PURPOSE: GENERAL | $513 |
BETH ISRAEL DEACONESS MEDICAL CENTER PURPOSE: GENERAL | $10,000 |
THE MUSEUM OF MODERN ARTS MEMBERSHIP PURPOSE: GENERAL | $65 |