philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Saval Charitable Trust FY2022 filing

Tax-deductible

Needham, MA501(c)(3)Since 1987Foundations & GrantmakersEIN 22-6511492

To provide support to maimonides school of brookline, ma

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $265K a year · 48% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$461K
-59% vs prior year
Spent
$644K
To programs
86%
Net assets
$9.5M
By yearFY2021–FY2024
Revenue
$461K
FY2022▼ -59%
Revenue by fiscal year
FY2021$1.1M
FY2022$461K
FY2023$315K
FY2024$301K
FY2024$655K
Expenses
$644K
FY2022▲ +40%
Expenses by fiscal year
FY2021$461K
FY2022$644K
FY2023$1.0M
FY2024$1.2M
FY2024$1.8M
Net assets
$9.5M
FY2022▼ -12%
Net assets by fiscal year
FY2021$10.8M
FY2022$9.5M
FY2023$9.5M
FY2024$9.7M
FY2024$9.7M

From the FY2022 Form 990 (year ending June 2022) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1990.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $557K Management & general 14% · $87K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Saval Charitable Trust executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Maimonides School of Brookline, MA.

Provided by the organization

This section is blank until Saval Charitable Trust claims this page.

Know this organization? Claim it to add your story

1 program service account for $557K of program spending, described in the organization's own filed words · FY2021.
01

Organization helps fund maimonides school to facilitate its operating expenses.

$557Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $3.8M · 2020–2024
Maimonides SchoolMA · FY2024$1,687,682
Maimonides SchoolMA · FY2023$1,075,710
Maimonides SchoolMA · FY2021$556,587
Maimonides SchoolMA · FY2020$456,798

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$461K
Ln 12
Other incomeLn 4–11$396K
Investment incomeLn 3$64K
Money outPt IX
$644K
Ln 25
Programscol B$557K
Managementcol C$87K
Owns and owesPt X
$9.5M
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$9.5M
LiabilitiesLn 26$2K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$64K
Other incomeLn 4–11$396K
Total revenueLn 12$461K
Assets in detailPt X, end of year
CashLn 1$16K
Cash and savings togetherLn 1–2$16K
InvestmentsLn 11–13$9.5M
Total assetsLn 16$9.5M
LiabilitiesLn 26$2K
Net assetsLn 32$9.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$21K$16K
InvestmentsLn 11–13$10.8M$9.5M
Total assetsLn 16$10.8M$9.5M
LiabilitiesLn 26$4K$2K
Net assetsLn 32$10.8M$9.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$557K$557K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$85K$85K
Other expenses (24a–d)Ln 24$573$573
Total functional expensesLn 25$644K$557K$87K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $301K$1.2M−$852K$9.7M 990 PDF
FY2023 $315K$1.0M−$697K$9.5M 990 PDF
FY2022 Viewing $461K$644K−$183K$9.5M 990 PDF
FY2021 $1.1M$461K$672K$10.8M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $460,603 across 3 lines filed
VIII-3 Investment incomeRelated to mission $64,369$64,369
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $396,234$396,234
VIII-12 Total revenueRelated to mission $460,603 · Unrelated business $0 · Excluded from tax $0$460,603
Part IX · Statement of functional expenses $643,791 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $556,587$556,587
IX-11c Accounting feesManagement $1,900$1,900
IX-11f Investment management feesManagement $84,731$84,731
IX-24 Other expenses (24a–d)Management $573$573
IX-25 Total functional expensesPrograms $556,587 · Management $87,204 · Fundraising $0$643,791
Part X · Balance sheet $9,520,104 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $21,006$16,133
X-11 Publicly traded securitiesStart of year $10,742,243$9,489,603
X-12 Other securitiesStart of year $14,368$14,368
X-16 Total assetsStart of year $10,777,617$9,520,104
X-17 Accounts payable and accrued expensesStart of year $3,900$1,500
X-26 Total liabilitiesStart of year $3,900$1,500
X-27 Net assets without donor restrictionsStart of year $6,804,433$5,549,320
X-28 Net assets with donor restrictionsStart of year $3,969,284$3,969,284
X-32 Total net assets or fund balancesStart of year $10,773,717$9,518,604
X-33 Total liabilities and net assetsStart of year $10,777,617$9,520,104
Part XI · Reconciliation of net assets $9,518,604 net assets at year end
XI-1 Total revenue$460,603
XI-2 Total expenses$643,791
XI-3 Revenue less expenses−$183,188
XI-4 Net assets at start of year$10,773,717
XI-7 Investment expenses−$84,731
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,518,604

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.