Colonial Federal Savings Bank Charitable Foundation Inc
- Assets
- $1.1m
- Revenue
- $478.0
- Investments
- $841.6k
- Employees
- 0
- Location
- Quincy, MA
- Founding
- Data as of
- 12/2023
- EIN
- 87-4406794
Organization Overview
Colonial Federal Savings Bank Charitable Foundation Inc is located in Quincy, MA. 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. Colonial Federal Savings Bank 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 12/2023, Colonial Federal Savings Bank Charitable Foundation Inc generated $478.0 in total revenue. All expenses for the organization totaled $61.3k during the year ending 12/2023.
Since 2022, Colonial Federal Savings Bank Charitable Foundation Inc has awarded 82 individual grants totaling $119,875. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mcfarland President/director | 1 | $0 | |
Susan Shea Treasurer/director | 1 | $0 | |
Joseph Shadduck As Of 812023 Secretary/director | 1 | $0 | |
Richard Meade Past Away Secretary/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $478 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $478 |
| 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 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,743 |
| Total operating and administrative expenses | $4,651 |
| Contributions, gifts, grants paid | $56,600 |
| Total expenses and disbursements | $61,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,513 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $138,833 |
| Total assets | $1,106,900 |
| 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, Colonial Federal Savings Bank Charitable Foundation Inc has awarded $56,600 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
BIZARBOTS ROBOTICS PURPOSE: EXEMPT PURPOSE | $1,000 |
CARITAS COMMUNITIES PURPOSE: EXEMPT PURPOSE | $5,000 |
CENTRAL MIDDLE SCHOOL PURPOSE: EXEMPT PURPOSE | $100 |
FRIENDS OF SUNSET POINT CAMP IN HULL PURPOSE: EXEMPT PURPOSE | $250 |
GERMANTOWN NEIGHBORHOOD FOOD PANTRY PURPOSE: EXEMPT PURPOSE | $2,000 |
HOLBROOK LITTLE LEAGUE PURPOSE: EXEMPT PURPOSE | $500 |