Canton Association Of Business & Industry Charitable Fund Inc is located in Canton, MA. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Canton Association Of Business & Industry Charitable Fund 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 12/2022, Canton Association Of Business & Industry Charitable Fund Inc generated $25.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $53.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION FUNDED COLLEGE SCHOLARSHIPS FOR FOUR HIGH SCHOOL STUDENTS IN CANTON, MA. THE ORGANIZATION ALSO MADE GRANTS TO THE CANTON FIRE DEPARTMENT, CANTON POLICE DEPAETMENT, CANTON ALLIANCE AGAINST SUBSTANCE ABUSE, CANTON FOOD PANTRY, THE REVERE AND SONS CANTON HERITAGE FESTIVAL, THE ST. VINCENT DEPAUL SOCIETY, THE CLARKE SCHOOL FOR HEARING AND SPEECH, AND THE MASSACHUSETTS HOSPITAL SCHOOL FOUNDATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joshua Cohen President | 2 | $0 | |
Stephen P Costello Treasurer | 2 | $0 | |
Stephen Cesso Clerk | 2 | $0 | |
Gene Manning Director | 2 | $0 | |
Howard Goldman Director | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $27 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $25,170 |
Other Revenue | $0 |
Total Revenue | $25,197 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $1,134 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $0 |
Total expenses | $53,534 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $54,338 |
Other assets | $0 |
Total assets | $54,338 |
Total liabilities | $1,115 |
Net assets or fund balances | $53,223 |