Crosby Charitable Trust
- Assets
- $4.5m
- Revenue
- $347.8k
- Investments
- $4.2m
- Employees
- 0
- Location
- Norwich, NY
- Founding
- 12/2018
- Data as of
- 12/2021
- EIN
- 81-1669605
Organization Overview
Crosby Charitable Trust is located in Norwich, NY. The organization was established in 2018. 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. Crosby 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, Crosby Charitable Trust generated $347.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $382.8k during the year ending 12/2021. While expenses have increased by 2.1% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Hoy Co-Trustee | 1 | $12,391 | |
Thomas C Emerson ESQ Co-Trustee | 1 | $12,391 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $206,199 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $141,606 |
| Capital Gain Net Income | $141,606 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $347,805 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,782 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,319 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $42,806 |
| Contributions, gifts, grants paid | $340,000 |
| Total expenses and disbursements | $382,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $231,171 |
| 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 | $4,224,699 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,455,870 |
| 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, Crosby Charitable Trust has awarded $340,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ROXBURY CENTRAL SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT | $170,000 |
MARGARETVILLE CENTRAL SCHOOL PURPOSE: GENERAL SUPPORT | $170,000 |
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 |