Claremont Savings Bank Foundation
- Assets
- $1.2m
- Revenue
- $250.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Claremont, NH
- Founding
- 03/2003
- Data as of
- 06/2022
- EIN
- 33-1014741
Organization Overview
Claremont Savings Bank Foundation is located in Claremont, NH. The organization was established in 2003. 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. Claremont Savings Bank Foundation 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 06/2022, Claremont Savings Bank Foundation generated $250.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 47.2% each year . All expenses for the organization totaled $102.4k during the year ending 06/2022. While expenses have increased by 1.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Claremont Savings Bank Foundation has awarded 423 individual grants totaling $634,349. 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
N/A.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andre Lafreniere Trustee | 0.5 | $0 | |
Lynn Smith Trustee | 0.5 | $0 | |
Kathy Hubert Trustee | 0.5 | $0 | |
Brian Boardman Trustee | 0.5 | $0 | |
Heather Minkler Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $193,345 |
| Interest on Savings | $23 |
| Dividends & Interest | $34,230 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,117 |
| Capital Gain Net Income | $23,117 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $250,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $352 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,145 |
| Total operating and administrative expenses | $2,397 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $102,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$3 |
| Savings and temporary cash investments | $28,318 |
| 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 | $1,158,733 |
| 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, Claremont Savings Bank Foundation has awarded $100,000 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
REMIX COFFEE BAR & SOCIAL CLUB PURPOSE: UPGRADE SOME OF THEIR AUDIO/VISUAL EQUIPMENT | $5,000 |
THE FORT AT NO 4 PURPOSE: PLACE FIVE INTERACTIVE (HANDS FREE) KIOSKS (TABLETS) ABOUT THE MUSEUM ALONG WITH QR CODED SIGNAGE TO ENGAGE MUSEUM VISITORS | $5,000 |
Claremont, NH PURPOSE: FUNDING FOR NEW DISHWASHER AND PROVIDE SANITATION REQUIREMENTS TO ITS PROGRAM | $3,500 |
NEW ENGLAND HEALING SPORTS ASSOCIATION PURPOSE: FUNDS TO PURCHASE TWO DIFFERENT BEACH WHEELCHAIRS TO USE FOR ADAPTIVE PADDLING PROGRAMS | $3,382 |
Claremont, NH PURPOSE: SURFACE SEAL COAT COVERING AND STRIPING/GRAPHICS OF PARKING LOT | $3,000 |
Claremont, NH PURPOSE: EXPAND SERVICES TO A NEW AND LARGER DIAPER BANK | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold Alfond Foundation Portland, ME | $813,380,857 | $317,083,832 |
Liberty Mutual Foundation Inc Boston, MA | $40,383,671 | $39,283,240 |
One Tree Planted Inc Shelburne, VT | $46,452,599 | $64,092,797 |
Mercer Family Foundation Waltham, MA | $54,165,721 | $38,341,516 |
Brooks Family Foundation Boston, MA | $0 | $26,552,695 |
Yawkey Foundation Ii Dedham, MA | $0 | $18,548,394 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Allen H & Selma W Berkman Charitable Trust Boston, MA | $738,750 | $104,320 |
Hausman Family Charitable Trust Boston, MA | $21,872,992 | $4,694,416 |
George I Alden Trust Worcester, MA | $212,050,748 | $45,527,501 |