EIN 87-6910148

Twin Lights Beverages Scholarship Trust

Name: Twin Lights Beverages Scholarship Trust financials for 2024
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(3)

Num. employees

City

Gloucester

State

Massachusetts

Year formed

2022

Most recent tax filings

2024-06-01

NTEE code, primary

T20: Private Foundations

Description

The Twin Lights Beverages Scholarship Trust is a private foundation located in Gloucester, MA that awards scholarships to high school graduates of Gloucester MA and Rockport MA.

Also known as...

John W Salisbury Ttee

Total revenues

$1,089,614

2024

Total expenses

$215,829

2024

Total assets

$2,595,572

2024

Num. employees

2024

Program areas at Twin Lights Beverages Scholarship Trust

Scholarships awarded to gloucester ma and rockport ma high school graduates

Personnel at Twin Lights Beverages Scholarship Trust

Name	Title	Compensation	Date of data
John Salisbury	Trustee	$0	2024-10-24

Financials for Twin Lights Beverages Scholarship Trust

Revenues	FYE 06/2024	FYE 06/2023	% Change
Total grants, contributions, etc.	$1,000,000	$1,700,000	-41.2%
Investment income and dividends	$75,555	$25,107	200.9%
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$14,059	$0	999%
Gross sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$1,089,614	$1,725,107	-36.8%

Form 990s for Twin Lights Beverages Scholarship Trust

Fiscal year ending	Date received by IRS	Form	PDF link
2024-06	2024-10-24	990PF	View PDF
2023-06	2023-11-07	990PF	View PDF

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Data update history

January 18, 2024

Posted financials

Added Form 990PF for fiscal year 2023

January 10, 2024

Updated personnel

Identified 2 new personnel

December 27, 2023

Used new vendors

Identified 1 new vendor, including

Nonprofit Types

Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities

Issues

Education

Characteristics

Provides grantsState / local levelTax deductible donationsNo full-time employees

General information

Address: C/O Cape Ann Savings Bank 109 Main; Gloucester, MA 01930
Metro area: Boston-Cambridge-Newton, MA-NH
Phone: (978) 283-7079

IRS details

EIN: 87-6910148
Fiscal year end: June
Taxreturn type: Form 990-PF
Year formed: 2022
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: T20: Private Foundations
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Independent

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Twin Lights Beverages Scholarship Trust

Program areas at Twin Lights Beverages Scholarship Trust

Personnel at Twin Lights Beverages Scholarship Trust

Financials for Twin Lights Beverages Scholarship Trust

Form 990s for Twin Lights Beverages Scholarship Trust

Organizations like Twin Lights Beverages Scholarship Trust

Nonprofits

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