Franchi-Hershoff Family Charitable Foundation
- Assets
- $45.7k
- Revenue
- $20.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Norwell, MA
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 45-6659007
Organization Overview
Franchi-Hershoff Family Charitable Foundation is located in Norwell, MA. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Franchi-Hershoff Family Charitable 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 12/2022, Franchi-Hershoff Family Charitable Foundation generated $20.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $15.1k during the year ending 12/2022. While expenses have increased by 19.0% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT ENVIRPNMENTAL PRESERVATION ORGANIZATION.
TO SUPPORT HIGH SCHOOL PARENT TEACHER ORGANIZATION.
TO SUPPORT ENVIRPNMENTAL PRESERVATION ORGANIZATION.
TO SUPPORT SERVING IMMIGRANTS, REFUGEES AND ASYLEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Hershoff Trustee | 0 | $0 | |
Jean M Franchi Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $87 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Total Revenue | $20,087 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,086 |
| Contributions, gifts, grants paid | $14,020 |
| Total expenses and disbursements | $15,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,725 |
| Savings and temporary cash investments | $0 |
| 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 | $45,725 |
| 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, Franchi-Hershoff Family Charitable Foundation has awarded $14,020 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CASTLE PRESERVATION SOCIETY PURPOSE: ENVIRONMENTAL PRESERVATION | $250 |
DANA FARBER CANCER INSTITUTE PURPOSE: SUPPORT CANCER RESEARCH | $100 |
HENRI TERMEER FOUNDATION PURPOSE: SUPPORT HEALTHCARE INNOVATION | $1,500 |
INTERNATIONAL INSTITUTE OF NE PURPOSE: SUPPORT REFUGEES AND IMMIGRANTS | $1,500 |
FRIENDS OF NORWELL COA PURPOSE: SUPPORT FOR ELDERLY | $250 |
LAKE WINNIPESAUKEE ASSOCIATION PURPOSE: ENVIRONMENTAL PRESERVATION | $1,500 |