North Shore Bank Community
North Shore Bank Community is a private foundation, based in Peabody, MA. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $3.0M in total assets. In 2025, it awarded 4 grants totaling $95K. Net investment income was $97K.
North Shore Bank Community at a glance
In short: North Shore Bank Community gave $95K across 4 grants in 2025 (avg $24K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $95,000
- Grants made (2025)
- 4
- Average grant
- $23,750
- Median grant
- $25,000
- Total assets
- $2,998,222
- +49.8% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who North Shore Bank Community funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Peabody Education Foundation ($30K). Together the top 4 received $95K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How North Shore Bank Community gives
- In 2025 it paid out 79% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 4 grants totaling $95K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Peabody Education Foundation Peabody, MA | Exempt Purpose | $30,000 |
| Cabot Performing Arts Center Beverly, MA | Exempt Purpose | $25,000 |
| North Shore Children's Museum Peabody, MA | Exempt Purpose | $25,000 |
| Citizen's Inn Peabody, MA | Exempt Purpose | $15,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,998,222 | $1,096,786 | $99,522 | $95,000 | 4 | $99,000 | $96,786 | $124,861 |
| 2024 | $2,000,958 | $2,001,558 | $600 | — | — | $600 | $1,558 | $16,330 |
Under IRS private-foundation payout rules, North Shore Bank Community reported a distributable amount of $125K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
North Shore Bank Community is led by Kevin M. Tierney Sr., President & Director on every filing since 2024; none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kevin M. Tierney Sr.
President & Director
On filings since 2024
2 hrs/week
No compensation reported
Jayne Rice
Director
On filings since 2024
1 hr/week
No compensation reported
Michael R. Wheeler
Director
On filings since 2024
1 hr/week
No compensation reported
Pamela Casey O'Brien
Clerk & Director
On filings since 2024
1 hr/week
No compensation reported
Timothy Clarke
Director
On filings since 2024
1 hr/week
No compensation reported
Joseph Schueller
Treasurer
On filings since 2024
1 hr/week
No compensation reported
Reed Whitman
Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Robert W. Mitchell Jr.
Assistant Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about North Shore Bank Community
How much does North Shore Bank Community give each year?
North Shore Bank Community gave $95K across 4 grants in 2025, according to its 2025 IRS Form 990-PF.
What is North Shore Bank Community's typical grant size?
North Shore Bank Community's median grant in 2025 was $25,000, and its average grant was $23,750, across 4 grants on its 2025 IRS Form 990-PF.
Where does North Shore Bank Community give grants?
North Shore Bank Community gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Peabody, MA (3 grants).
How large is North Shore Bank Community?
North Shore Bank Community reported $3.0M in total assets on its 2025 IRS Form 990-PF. It paid out $99K in qualifying distributions that year, against a required minimum of $125K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is North Shore Bank Community's EIN?
North Shore Bank Community's EIN (Employer Identification Number) is 99-3585182. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 22, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 16, 2026)
- IRS filings on file for fiscal years 2024–2025
Explore Open Grants
Browse active grant opportunities in North Shore Bank Community's focus areas in our free grants database
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