Emerson And Ruth Mccourt Charitable Tr Fbo Nhctc & Keene State
- Assets
- $1.4m
- Revenue
- $34.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Portsmouth, NH
- Founding
- 11/2011
- Data as of
- 12/2023
- EIN
- 26-6324388
Organization Overview
Emerson And Ruth Mccourt Charitable Tr Fbo Nhctc & Keene State is located in Portsmouth, NH. The organization was established in 2011. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Emerson And Ruth Mccourt Charitable Tr Fbo Nhctc & Keene State 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, Emerson And Ruth Mccourt Charitable Tr Fbo Nhctc & Keene State generated $34.7k 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 (8.6%) each year. All expenses for the organization totaled $69.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING TUITION ASSISTANCE FOR STUDENTS ATTENDING KEENE STATE COLLEGE AND GREAT BAY COMMUNITY COLLEGE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,915 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,818 |
| Total Revenue | $34,733 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,598 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $117 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,356 |
| Contributions, gifts, grants paid | $62,500 |
| Total expenses and disbursements | $69,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $303,247 |
| 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 | $131,152 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,404,780 |
| 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, Emerson And Ruth Mccourt Charitable Tr Fbo Nhctc & Keene State has awarded $62,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GREAT BAY COMMUNITY COLLEGE PURPOSE: SUPPORT COLLEGE EDUCATION THROUGH TUITION ASSISTANCE | $33,750 |
KEENE STATE COLLEGE PURPOSE: SUPPORT COLLEGE EDUCATION THROUGH TUITION ASSISTANCE | $28,750 |