Scotto Laporte Charitable Foundation
- Assets
- $669.0k
- Revenue
- $62.9k
- Investments
- $448.3k
- Employees
- 0
- Location
- Boston, MA
- Founding
- Data as of
- 12/2023
- EIN
- 87-6404123
Organization Overview
Scotto Laporte Charitable Foundation is located in Boston, MA. 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. Scotto Laporte Charitable Foundation 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, Scotto Laporte Charitable Foundation generated $62.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (59.5%) each year. All expenses for the organization totaled $34.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Scotto Jr Trustee | 1 | $0 | |
Ann Laporte Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,950 |
| Interest on Savings | $10,627 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,340 |
| Capital Gain Net Income | $50,340 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $497 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,447 |
| Contributions, gifts, grants paid | $31,520 |
| Total expenses and disbursements | $33,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $220,701 |
| 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 | $668,991 |
| 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, Scotto Laporte Charitable Foundation has awarded $31,520 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
LAKES REGION FOOD PANTRY PURPOSE: GENERAL OPERATING SUPPORT | $120 |
LAKES REGION CONSERVATION TRUST PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
INTERLAKES COMMUNITY CAREGIVER PURPOSE: GENERAL OPERATING SUPPORT | $500 |
LOON PRESERVATION COMMITTEE PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
SQUAM LAKES CONSERVATION SOCIETY PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
MARINE TOYS FOR TOTS FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |