Northern Bank & Trust Charitable Foundation Inc
- Assets
- $215.1k
- Revenue
- $552.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Woburn, MA
- Founding
- 02/2013
- Data as of
- 12/2023
- EIN
- 46-1606139
Organization Overview
Northern Bank & Trust Charitable Foundation Inc is located in Woburn, MA. The organization was established in 2013. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Northern Bank & Trust Charitable Foundation Inc 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, Northern Bank & Trust Charitable Foundation Inc generated $552.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $671.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Northern Bank & Trust Charitable Foundation Inc has awarded 111 individual grants totaling $1,980,582. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHERN BANK & TRUST CHARITABLE FOUNDATION AWARDS UP TO 10 SCHOLARSHIPS OF $5,000 OR LESS TO CANDIDATES WHO ARE ACCEPTED AS FULL-TIME STUDENTS IN A BACHELOR'S DEGREE PROGRAM AND WHO HAVE A PARENT OR LEGAL GUARDIAN EMPLOYED AS AN ACTIVE FIREFIGHTER OR POLICE OFFICER IN THE GEOGRAPHIC AREA SERVED BY THE FOUNDATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Elizabeth Mawn-Ferullo Director | 0.5 | $0 | |
Alicia J Mawn-Mahlau Director | 0.5 | $0 | |
James J Mawn President/director | 0.5 | $0 | |
Francis Kenney Treasurer/director | 0.5 | $0 | |
Michelle Arnold Clerk/director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $551,950 |
| Interest on Savings | $267 |
| 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 | $552,217 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $125 |
| Total operating and administrative expenses | $2,075 |
| Contributions, gifts, grants paid | $669,726 |
| Total expenses and disbursements | $671,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $215,061 |
| 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 | $215,061 |
| 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, Northern Bank & Trust Charitable Foundation Inc has awarded $669,726 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
BIRTHDAY WISHES PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
BOSTON COLLEGE PUBLIC INTEREST LAW FOUNDATION PURPOSE: THE HILLINGER FUND - PUBLIC INTEREST LEGACY FUND | $10,000 |
BIG BROTHERS BIG SISTERS OF CENTRAL MASSMETROWEST PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
BOYS & GIRLS CLUB OF GREATER BILLERICA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
BOYS & GIRLS CLUBS OF METROWEST PURPOSE: FINANCIAL EDUCATION PROGRAM FOR LOW-MODERATE INCOME STUDENTS IN MIDDLESEX COUNTY | $2,500 |
CHESTERBROOK COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $6,000 |