Peoplesbank Charitable Foundation Inc
- Assets
- $0.0
- Revenue
- $4.0m
- Investments
- $6.5m
- Employees
- 0
- Location
- Holyoke, MA
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 82-0954751
Organization Overview
Peoplesbank Charitable Foundation Inc is located in Holyoke, MA. The organization was established in 2017. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Peoplesbank Charitable 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 12/2021, Peoplesbank Charitable Foundation Inc generated $4.0m in total revenue. All expenses for the organization totaled $381.5k during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 4 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 2018, Peoplesbank Charitable Foundation Inc has awarded 100 individual grants totaling $1,676,730. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Senecal President/ceo/chairman | 1 | $0 | |
Brian Canina Treasurer/clerk/director | 1 | $0 | |
Hayes Murray SVP Finance | 1 | $0 | |
Aleda Demaria Director | 1 | $0 | |
Amy Roberts Director | 1 | $0 | |
Matthew Bannister Cro | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wolf & Company Pc | 12/30/19 | $3,500 |
Merill Lynch | 12/30/19 | $22,752 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,576,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $200,122 |
| Profit on Inventory Sales | $0 |
| Other Income | $485 |
| Total Revenue | $4,006,810 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $81,466 |
| Contributions, gifts, grants paid | $300,000 |
| Total expenses and disbursements | $381,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $675,902 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Peoplesbank Charitable Foundation Inc has awarded $570,000 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB WESTFIELD PURPOSE: EXEMPT PURPOSE | $20,000 |
FOOD BANK OF WESTERN MASS PURPOSE: EXEMPT PURPOSE | $50,000 |
SPRINGFIELD LIBRARY FOUNDATION PURPOSE: EXEMPT PURPOSE | $10,000 |
CARE CENTER OF HOLYOKE PURPOSE: EXEMPT PURPOSE | $10,000 |
EDUCARE SPRINGFIELD PURPOSE: EXEMPT PURPOSE | $10,000 |
FRIENDS OF SOUTH HADLEY SENIOR CENTER PURPOSE: EXEMPT PURPOSE | $30,000 |