Right Track Foundation Inc
- Assets
- $6.1m
- Revenue
- $131.9k
- Investments
- $5.9m
- Employees
- 0
- Location
- Manchester Center, VT
- Founding
- Data as of
- 06/2023
- 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 06/2023, Right Track Foundation Inc generated $131.9k in total revenue.
Since 2021, Right Track Foundation Inc has awarded 30 individual grants totaling $2,306,123. 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 |
|---|---|---|---|
William J Drunsic President | 4 | $0 | |
Stephen E Drunsic Treasurer | 0.5 | $0 | |
Linda B Drunsic Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $66,000 |
| Interest on Savings | $1,080 |
| Dividends & Interest | $114,276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$52,870 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,399 |
| Total Revenue | $131,885 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,641 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $77,687 |
| Total operating and administrative expenses | $88,781 |
| Contributions, gifts, grants paid | $718,735 |
| Total expenses and disbursements | $807,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $154,709 |
| 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 | $592,641 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,085,798 |
| 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 $718,735 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BURR AND BURTON ACADEMY PURPOSE: TO PROVIDE FUNDING FOR HIGH SCHOOL PROGRAMS IN MANCHESTER VERMONT. | $10,000 |
FUSION SOCCER INC PURPOSE: TO PROMOTE YOUTH SOCCER IN SOUTHERN VERMONT. | $27,000 |
KENYA DRYLANDS EDUCATION FUND PURPOSE: TO HELP IMPROVE STANDARDS OF EDUCATION IN VILLAGES IN DRYLANDS OF KENYA. | $327,500 |
NORTHSHIRE DAY SCHOOL PURPOSE: TO PROVIDE SUPPORT FOR DAY CARE FACILITY IN MANCHESTER VERMONT. | $25,000 |
TOWN OF MANCHESTER VERMONT PURPOSE: TO SUPPORT PUBLIC RECREATIONAL FACILITIES IN MANCHESTER VERMONT | $91,000 |
CASTLE ALPHA TAU FOUNDATION PURPOSE: PRESERVATION OF ARCHITECTUAL, HISTORIC AND CIVIC VALUE OF BUILDINGS IN TROY NY | $5,000 |