Mary Dana Wells Charitable Trust
- Assets
- $4.6m
- Revenue
- $226.5k
- Investments
- $4.6m
- Employees
- 0
- Location
- Johnston, RI
- Founding
- 03/1993
- Data as of
- 03/2024
- EIN
- 22-6597671
Organization Overview
Mary Dana Wells Charitable Trust is located in Johnston, RI. The organization was established in 1993. 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. Mary Dana Wells 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 03/2024, Mary Dana Wells Charitable Trust generated $226.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $343.9k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mary Dana Wells Charitable Trust has awarded 25 individual grants totaling $1,420,142. 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 | $144,770 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,732 |
| Capital Gain Net Income | $81,732 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $226,502 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,243 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,883 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $67,627 |
| Contributions, gifts, grants paid | $276,287 |
| Total expenses and disbursements | $343,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$42,638 |
| Savings and temporary cash investments | $5,142 |
| 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 | $4,631,907 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,594,411 |
| 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, Mary Dana Wells Charitable Trust has awarded $276,287 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TRUSTEES OF BOSTON UNIVERSITY PURPOSE: UNRESTRICTED GIFT | $55,257 |
THE CHILDREN'S MEDICAL CENTER PURPOSE: UNRESTRICTED GIFT | $41,443 |
HARVARD UNIVERSITY - MEDICAL SCHOOL PURPOSE: UNRESTRICTED GIFT | $55,257 |
CONNECTICUT LANDMARKS PURPOSE: UNRESTRICTED GIFT | $27,629 |
MASSACHUSETTS EYE & EAR INFIRMARY PURPOSE: UNRESTRICTED GIFT | $96,701 |