Sincere Charitable Foundation Inc
- Assets
- $40.0k
- Revenue
- $100.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Framingham, MA
- Founding
- Data as of
- 12/2023
- EIN
- 92-0798870
Organization Overview
Sincere Charitable Foundation Inc is located in Framingham, MA. According to its NTEE Classification (T30) the organization is classified as: Public 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. Sincere 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, Sincere Charitable Foundation Inc generated $100.0k 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 (29.3%) each year. All expenses for the organization totaled $260.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Sincere Charitable Foundation Inc has awarded 20 individual grants totaling $260,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAKES CHARITABLE DISTRIBUTIONS TO OTHER QUALIFYING CHARITABLE ORGANIZATIONS.
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION, DIRECTLY SUPPORT, AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Ann Reiner President / Treasurer | 1 | $0 | |
Stephanie Beth Fader Secretary | 1 | $0 | |
Matthew Jay Douglas Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| 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 | $100,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $15 |
| Contributions, gifts, grants paid | $260,000 |
| Total expenses and disbursements | $260,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,971 |
| 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 | $0 |
| Total assets | $39,971 |
| 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, Sincere Charitable Foundation Inc has awarded $260,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BERKSHIRE BOUNTY INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
BREAKTIME UNITED INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
BOYS GIRLS CLUB OF METROWEST PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
CASA MYRNA VAZQUEZ INC PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
ELEVATE YOUTH INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
FAMILY PROMISE NORTH SHORE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |