Dearie Family Charitable Trust
- Assets
- $3.1m
- Revenue
- $496.2k
- Investments
- $2.9m
- Employees
- 0
- Location
- East Hampton, NY
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 47-5255236
Organization Overview
Dearie Family Charitable Trust is located in East Hampton, NY. The organization was established in 2017. 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. Dearie Family Charitable Trust 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 12/2021, Dearie Family Charitable Trust generated $496.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 55.9% each year . All expenses for the organization totaled $382.6k during the year ending 12/2021. While expenses have increased by 11.4% per year over the past 3 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 2020, Dearie Family Charitable Trust has awarded 111 individual grants totaling $980,980. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn M Troost Trustee | 2 | $12,500 | |
Brett Gilbert Trustee | 2 | $12,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,421 |
| Dividends & Interest | $45,119 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $441,630 |
| Capital Gain Net Income | $441,630 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $496,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,493 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $101,144 |
| Contributions, gifts, grants paid | $281,500 |
| Total expenses and disbursements | $382,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270 |
| Savings and temporary cash investments | $195,334 |
| 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 | $3,095,262 |
| 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, Dearie Family Charitable Trust has awarded $281,500 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD DOG FOUNDATION INC PURPOSE: TO EASE HUMAN SUFFERING AND PROMOTE RECOVERY FROM TRAUMA AND STRESS USING ANIMAL-ASSISTED THERAPY SERVICES THAT ARE RECOGNIZED AS AMONG THE MOST INNOVATIVE AND RELIABLE IN THE UNITED STATES. | $30,000 |
Erlanger, KY PURPOSE: EMPOWERING VETERANS TO LEAD HIGH-QUALITY LIVES WITH RESPECT AND DIGNITY | $15,000 |
New York, NY PURPOSE: TO OPERATE AN INSTITUES FOR VETERINARY EDUCATON AND SPECIALTY CARE, CLINICAL RESEARCH AND CHARITY FOR ANIMALS AT ITS VETERINARY MEDICAL FACILITY LOCATED IN NEW YORK CITY | $10,000 |
East Hampton, NY PURPOSE: TO PROVIDE A RICH EARLY LEARNING EXPERIENCE TO MORE THAN 100 CHILDREN EVERY DAY. | $10,000 |
HOMES FOR OUR TROOPS INC PURPOSE: TO BUILT AND DONATES SPECIALLT ADAPTED CUSTOM HIMES NATIONWIDE FOR MODE SEVERLY INJURED POST 9/11 VETERANS. | $10,000 |
LONG ISLAND GAY & LESBIAN YOUTH INC PURPOSE: EDUCATION, ADVOCACY AND SOCIAL SUPPORT OF LONG ISLAND AND ITS SURROUNDING AREAS GAY AND LESBIAN YOUTH. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comic Relief Inc New York, NY | $28,941,799 | $35,831,552 |
Anabaptist Foundation Lewisburg, PA | $47,495,861 | $36,276,504 |
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Givinga Foundation Inc Wellesley, MA | $2,876,364 | $15,849,424 |
Justgive Inc Weston, CT | $5,012,575 | $11,301,311 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |