The Charlesmead Foundation Inc
- Assets
- $18.7m
- Revenue
- $890.7k
- Investments
- $18.1m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 08/1988
- Data as of
- 12/2022
- EIN
- 52-1550204
Organization Overview
The Charlesmead Foundation Inc is located in Providence, RI. The organization was established in 1988. 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. Charlesmead 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 12/2022, Charlesmead Foundation Inc generated $890.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Charlesmead Foundation Inc has awarded 144 individual grants totaling $3,828,260. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Deering President | 2 | $0 | |
John Warren Trustee | 1 | $0 | |
Maron Deering Trustee | 1 | $0 | |
Spencer Deering Trustee | 1 | $0 | |
Hather Crosby Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scs Capital | 12/30/21 | $187,500 |
Matheys Lane Capital Management Lp | 12/30/21 | $62,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $339,134 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $238,188 |
| Capital Gain Net Income | $238,188 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $313,369 |
| Total Revenue | $890,691 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,649 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $285,209 |
| Total operating and administrative expenses | $495,358 |
| Contributions, gifts, grants paid | $940,000 |
| Total expenses and disbursements | $1,435,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $130,452 |
| 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 | $14,817,166 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $482,540 |
| Total assets | $18,726,410 |
| 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, The Charlesmead Foundation Inc has awarded $940,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
BALTIMORE OUTREACH SERVICES PURPOSE: TRUSTEE DESIGNATION | $500 |
ATTIC YOUTH CENTER PURPOSE: TRUSTEE DESIGNATION | $40,000 |
BALTIMORE SCHOOL FOR THE ARTS PURPOSE: TRUSTEE DESIGNATION | $5,000 |
BALTIMORE SYMPHONY ORCHESTRA PURPOSE: GENERAL SUPPORT | $5,000 |
BARRINGTON PUBLIC LIBRARY PURPOSE: TRUSTEE DESIGNATION | $2,250 |
BALTIMORE SYMPHONY ORCHESTRA PURPOSE: TRUSTEE DESIGNATION | $2,000 |