Everett Co-operative Bank Charitable
Everett Co-operative Bank Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EVERETT, MA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 1 grants totaling $136K. Net investment income was $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.1M
+12.4% YoY
Annual Giving
$136K
-17.5% YoY
Grant Count
1
-96.0% YoY
Avg Grant Size
$136K
+1962.0% YoY
Under IRS private-foundation payout rules, Everett Co-operative Bank Charitable reported a distributable amount of $189K for 2024 — the minimum it must pay out in qualifying distributions.
About Everett Co-operative Bank Charitable
Based on IRS filings
Everett Co-operative Bank Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EVERETT, MA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 1 grants totaling $136K. Net investment income was $5K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,131,338 | $3,674,394 | $4,748,201 |
| Revenue | $5,155 | $7,340 | $3,200,201 |
| Expenses | $141,012 | $173,747 | $25,000 |
| Qualifying Distributions | $140,762 | $173,745 | $25,000 |
| Net Investment Income | $5,155 | $7,340 | $201 |
| Distributable Amount | $188,983 | $192,148 | $41,692 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
28 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Grants & Contributions Paid ($136,300).
| Recipient | Purpose | Amount |
|---|---|---|
| Grants & Contributions Paid Everett, MA | Exempt Purpose | $136,300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Richard J O'Neil Jr | President/Director | 1 | — |
| Carmela Vitale | VP/Treasurer/Director | 1 | — |
| Alexander A Colarusso | Secretary/Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Everett Co-operative Bank Charitable?
Everett Co-operative Bank Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EVERETT, MA. It holds $4.1M in total assets as of 2024.
How large is Everett Co-operative Bank Charitable?
As of 2024, Everett Co-operative Bank Charitable holds $4.1M in total assets with $5K in annual revenue. It awarded 1 grants totaling $136K in 2024.
Where does Everett Co-operative Bank Charitable operate?
Everett Co-operative Bank Charitable has awarded grants in Connecticut, Massachusetts.
What size grants does Everett Co-operative Bank Charitable award?
In 2024, Everett Co-operative Bank Charitable awarded 1 grants totaling $136K — an average of about $136K per grant, based on its IRS Form 990 filings.
How much is Everett Co-operative Bank Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Everett Co-operative Bank Charitable reported a distributable amount of $189K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Everett Co-operative Bank Charitable's EIN?
Everett Co-operative Bank Charitable's EIN (Employer Identification Number) is 88-3453777. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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