Philmoney Trust
- Assets
- $519.5k
- Revenue
- $505.4k
- Investments
- $453.8k
- Employees
- 0
- Location
- Providence, RI
- Founding
- Data as of
- 12/2022
- EIN
- 85-2964927
Organization Overview
Philmoney Trust is located in Providence, RI. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Philmoney 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, Philmoney Trust generated $505.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 35.9% each year . All expenses for the organization totaled $427.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Philmoney Trust has awarded 30 individual grants totaling $793,500. 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 |
|---|---|---|---|
Frank Mauran IV Trustee | 0 | $0 | |
Elizabeth Rollins Mauran Trustee | 0 | $0 | |
Robert Gaumont Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $307,269 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,324 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $187,855 |
| Capital Gain Net Income | $561,420 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $505,448 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,411 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,213 |
| Contributions, gifts, grants paid | $414,000 |
| Total expenses and disbursements | $427,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,667 |
| Savings and temporary cash investments | $0 |
| 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 | $453,819 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $519,486 |
| 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, Philmoney Trust has awarded $414,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BUILDING BRIDGES PROVIDENCE PURPOSE: CHARITY | $5,000 |
CROSSROADS RHODE ISLAND PURPOSE: CHARITY | $41,500 |
MILE OF HISTORY ASSC PURPOSE: CHARITY | $17,000 |
HOLT-ELWELL MEMORIAL FOUNDATION PURPOSE: CHARITY | $50,000 |
MT VERNON LADIES' ASSOCIATION PURPOSE: CHARITY | $60,000 |
PROVIDENCE PRESERVATION SOCIETY PURPOSE: CHARITY | $1,000 |