Right Track Foundation Inc
- Assets
- $6.8m
- Revenue
- $814.2k
- Investments
- $6.4m
- Employees
- 0
- Location
- Manchester Center, VT
- Founding
- Data as of
- 06/2022
- EIN
- 83-3243459
Organization Overview
Right Track Foundation Inc is located in Manchester Center, VT. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Right Track 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 06/2022, Right Track Foundation Inc generated $814.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Right Track Foundation Inc has awarded 17 individual grants totaling $1,587,388. 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 |
|---|---|---|---|
Linda B Drunsic Secretary | 0.5 | $0 | |
William J Drunsic President | 4 | $0 | |
Stephen E Drunsic Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33 |
| Dividends & Interest | $111,427 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $702,537 |
| Capital Gain Net Income | $702,537 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $222 |
| Total Revenue | $814,219 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,722 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $89,067 |
| Total operating and administrative expenses | $118,427 |
| Contributions, gifts, grants paid | $1,113,173 |
| Total expenses and disbursements | $1,231,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $325,212 |
| 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 | $6,761,429 |
| 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, Right Track Foundation Inc has awarded $1,113,173 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Manchester Village, VT PURPOSE: TO HELP IMPROVE STANDARDS OF EDUCATION IN VILLAGES IN DRYLANDS OF KENYA. | $350,746 |
NORTHSHIRE COMMUNITY CENTER INC PURPOSE: DEVELOPMENT OF COMMUNITY RECREATIONAL CENTER IN MANCHESTER VERMONT. | $349,000 |
Oceanside, CA PURPOSE: TO SUPPORT A GIRLS SHELTER LOCATED IN NAIROBY, KENYA. | $125,000 |
Cumming, GA PURPOSE: TO ASSIST VETERANS IN LONG TERM RECOVERY. | $110,000 |
Manchester Center, VT PURPOSE: TO PROVIDE SUPPORT FOR DAY CARE FACILITY IN MANCHESTER VERMONT. | $83,177 |
FUSION SOCCER INC PURPOSE: TO PROMOTE YOUTH SOCCER IN SOUTHERN VERMONT. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |
Allen H & Selma W Berkman Charitable Trust Boston, MA | $738,750 | $104,320 |