Torrice Family Charitable Trust
- Assets
- $287.0k
- Revenue
- $109.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Gloucester, MA
- Founding
- 11/2017
- Data as of
- 12/2022
- EIN
- 81-4728438
Organization Overview
Torrice Family Charitable Trust is located in Gloucester, MA. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public 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. Torrice 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 12/2022, Torrice Family Charitable Trust generated $109.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $94.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Torrice Family Charitable Trust has awarded 80 individual grants totaling $112,400. 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 |
|---|---|---|---|
Stephen G Torrice Trustee | 0 | $0 | |
Susan T Franson Trustee | 0 | $0 | |
Elizabeth A Donaghey Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $104,003 |
| Interest on Savings | $30 |
| Dividends & Interest | $4,590 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $921 |
| Capital Gain Net Income | $921 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $109,544 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $69 |
| Total operating and administrative expenses | $837 |
| Contributions, gifts, grants paid | $93,300 |
| Total expenses and disbursements | $94,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,491 |
| Savings and temporary cash investments | $181,530 |
| 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 | $287,021 |
| 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, Torrice Family Charitable Trust has awarded $93,300 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
JOSEPH BRIERE FOUNDATION PURPOSE: CANCER RESEARCH | $300 |
PAN-MASS CHALLENGE PURPOSE: CANCER RESEARCH | $500 |
FISHER HOUSE BOSTON PURPOSE: SUPPORTING VETERANS | $5,000 |
CONNORS KINDNESS PROJECT PURPOSE: KINDNESS KITS FOR HOSPITALS | $2,000 |
MAY INSTITUTE CHARITY PURPOSE: ALS RESEARCH | $500 |
ST JUDES CHILDREN'S RESEARCH HOSPITAL PURPOSE: CANCER RESEARCH | $1,000 |