Roberts Charitable Foundation Tr 2003
- Assets
- $22.4m
- Revenue
- $782.9k
- Investments
- $22.0m
- Employees
- 0
- Location
- Westerly, RI
- Founding
- 12/2005
- Data as of
- 12/2023
- EIN
- 22-6948512
Organization Overview
Roberts Charitable Foundation Tr 2003 is located in Westerly, RI. The organization was established in 2005. 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. Roberts Charitable Foundation Tr 2003 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, Roberts Charitable Foundation Tr 2003 generated $782.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Roberts Charitable Foundation Tr 2003 has awarded 76 individual grants totaling $6,875,141. 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 |
|---|---|---|---|
Grant G Simmons III Trustee | 3 | $0 | |
Robert C Murray Trustee | 3 | $0 | |
Carl A Contiguglia Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,961 |
| Dividends & Interest | $573,914 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $203,550 |
| Capital Gain Net Income | $203,550 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,454 |
| Total Revenue | $782,879 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,095 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $181,822 |
| Total operating and administrative expenses | $207,541 |
| Contributions, gifts, grants paid | $894,157 |
| Total expenses and disbursements | $1,101,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $434,320 |
| 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 | $21,967,443 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,401,763 |
| 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, Roberts Charitable Foundation Tr 2003 has awarded $894,157 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CHORUS OF WESTERLY PURPOSE: PROGRAMS | $40,000 |
OCEAN COMMUNITY YMCA PURPOSE: CAPITAL PROJECT, SCHOLARSHIPS | $58,000 |
LITERACY VOLUNTEERS OF WASHINGTON COUNTY PURPOSE: PROGRAMS | $15,000 |
ONE BAY STREET CENTER INC PURPOSE: CAPITAL PROJECT | $66,857 |
STAND UP FOR ANIMALS PURPOSE: SHELTER OPERATIONS | $5,000 |
THE COLONIAL THEATRE PURPOSE: INTERNSHIPS | $20,000 |