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Also known as: FOUNDATION INC
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Everett Co-Operative Bank Charitable Foundation Inc. is a private corporation based in EVERETT, MA. The foundation received its IRS ruling in 2023. The principal officer is Carmela Vitale. It holds total assets of $4.1M. Annual income is reported at $5K. Total assets have decreased from $4.7M in 2022 to $3.7M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2022 to 2023. According to available records, Everett Co-Operative Bank Charitable Foundation Inc. has made 27 grants totaling $190K, with a median grant of $5K. Annual giving has grown from $25K in 2022 to $165K in 2023. Individual grants have ranged from $1K to $25K, with an average award of $7K. The foundation has supported 26 unique organizations. Grants have been distributed to organizations in Massachusetts and Connecticut. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Everett Co-Operative Bank Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 27 grants. Its grantmaking reaches organizations primarily in MA, CT.
Everett Co-Operative Bank Charitable Foundation Inc. has distributed a total of $190K across 27 grants. The median grant size is $5K, with an average of $7K. Individual grants have ranged from $1K to $25K.
Everett Co-Operative Bank Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Everett Co-Operative Bank Charitable Foundation Inc. is headquartered in EVERETT, MA. While based in MA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Alexander A Colarusso | SECRETARY/DIRECTOR | $0 | $0 | N/A |
| Carmela Vitale | VICE PRESIDENT/TREASURER/DIRECTOR | $0 | $0 | N/A |
| Richard J O'Neil Jr | PRESIDENT/DIRECTOR | $0 | $0 | N/A |
Total Giving
$174K
Total Assets
$3.7M
Fair Market Value
$3.7M
Net Worth
$3.7M
Grants Paid
$165K
Contributions
N/A
Net Investment Income
$7K
Distribution Amount
$192K
Total: $3.3M
Total Grants
27
Total Giving
$190K
Average Grant
$7K
Median Grant
$5K
Unique Recipients
26
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Friendly Sons Of St PatrickEXEMPT PURPOSE | New Bedford, MA | $3K | 2023 |
| Orange FoundationEXEMPT PURPOSE | Orange, CT | $1K | 2023 |
| E Club Of EverettEXEMPT PURPOSE | Everett, MA | $25K | 2023 |
| Northeast ArcEXEMPT PURPOSE | Danvers, MA | $13K | 2023 |
| Boys And Girls Club Of WoburnEXEMPT PURPOSE | Woburn, MA | $12K | 2023 |
| East Boston Community Development CorpEXEMPT PURPOSE | East Boston, MA | $10K | 2023 |
| The Food DriveEXEMPT PURPOSE | Melrose, MA | $10K | 2023 |
| Cops For Kids With CancerEXEMPT PURPOSE | Braintree, MA | $10K | 2023 |
| Council Of Social Conern IncEXEMPT PURPOSE | Woburn, MA | $10K | 2023 |
| Nupath IncEXEMPT PURPOSE | Woburn, MA | $10K | 2023 |
| Community ServingsEXEMPT PURPOSE | Jamaica Plain, MA | $10K | 2023 |
| Team ImpactEXEMPT PURPOSE | Quincy, MA | $5K | 2023 |
| Triangle IncEXEMPT PURPOSE | Malden, MA | $5K | 2023 |
| Think Of Michaelsee The GoodEXEMPT PURPOSE | Lynnfield, MA | $5K | 2023 |
| Think Of Michael IncEXEMPT PURPOSE | Lynnfield, MA | $5K | 2023 |
| Saint Anthony SchoolEXEMPT PURPOSE | Everett, MA | $5K | 2023 |
| Timothy Padulosky Memorial TrustEXEMPT PURPOSE | Woburn, MA | $5K | 2023 |
| Reid'S RideEXEMPT PURPOSE | Danvers, MA | $5K | 2023 |
| Joint Committee For Children'S HealthcareEXEMPT PURPOSE | Everett, MA | $5K | 2023 |
| Arts For Everett IncEXEMPT PURPOSE | Everett, MA | $3K | 2023 |
| Mystic Valley YmcaEXEMPT PURPOSE | Malden, MA | $3K | 2023 |
| Tanner Ta Ta FoundationEXEMPT PURPOSE | Woburn, MA | $3K | 2023 |
| Jewish Big Brother Big SisterEXEMPT PURPOSE | Waltham, MA | $2K | 2023 |
| One Leaf CorpEXEMPT PURPOSE | Worcester, MA | $1K | 2023 |
| Lynnfield Rotary Charitable FundEXEMPT PURPOSE | Lynnfield, MA | $1K | 2023 |
| St Jude'S Children'S HospitalCHARITYH | Newton, MA | $10K | 2022 |