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The Troy Savings Bank Charitable Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$339k (2023)

Expenses
$750k (2023)

Total Assets
$12M (2023)

Total Liabilities
$9.71k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$339,280
Expenses
$749,745
Net Income
-$410,465
Net Assets
$12,039,833
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $79,231
23.4%
Dividends $243,313
71.7%
Sales of Assets $16,736
4.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $644,055
85.9%
Compensation of Officers* $131,431
17.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $12,049,545
Total Liabilities $9,712
Net Assets $12,039,833
Compensation
Key Employees and Officers Compensation Other
Leslie Cheu (Executive Di) $131,431 $0
Lois Arakelian (Director) $0 $0
Robert Fritz (Treasurer) $0 $0
Sophia Hammett Turner (Secretary) $0 $0
Micki Massry (Director) $0 $0
Sheila Mendleson (President) $0 $0
Anthony O'haire (Vice Preside) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$372,366
Expenses
$627,075
Net Income
-$254,709
Net Assets
$12,450,298
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $63,286
17.0%
Dividends $228,141
61.3%
Sales of Assets $80,939
21.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $589,076
93.9%
Compensation of Officers* $118,730
18.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $12,451,677
Total Liabilities $1,379
Net Assets $12,450,298
Compensation
Key Employees and Officers Compensation Other
Leslie Cheu (Executive Di) $118,730 $0
Lois Arakelian (Director) $0 $0
Robert Fritz (Treasurer) $0 $0
Sophia Hammett Turner (Secretary) $0 $0
Micki Massry (Director) $0 $0
Sheila Mendleson (President) $0 $0
Anthony O'haire (Vice Preside) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,898,952
Expenses
$1,032,200
Net Income
$866,752
Net Assets
$12,705,007
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $61,046
3.2%
Dividends $216,852
11.4%
Sales of Assets $1,620,553
85.3%
Other Income $501
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $940,066
91.1%
Compensation of Officers* $116,059
11.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $12,717,781
Total Liabilities $12,774
Net Assets $12,705,007
Compensation
Key Employees and Officers Compensation Other
Leslie Cheu (Executive Di) $116,059 $0
Daniel Hogarty Jr (President &) $0 $0
George Arakelian (Secretary) $0 $0
Lois Arakelian (Director) $0 $0
Robert Fritz (Director) $0 $0
Sophia Hammett Turner (Director) $0 $0
Kristen Healy (Director) $0 $0
Micki Massry (Director) $0 $0
Sheila Mendleson (Director) $0 $0
Anthony O'haire (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,049,614
Expenses
$1,277,735
Net Income
-$228,121
Net Assets
$11,838,255
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $82,630
7.9%
Dividends $188,556
18.0%
Sales of Assets $778,424
74.2%
Other Income $4
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,207,084
94.5%
Compensation of Officers* $105,759
8.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,839,274
Total Liabilities $1,019
Net Assets $11,838,255
Compensation
Key Employees and Officers Compensation Other
Leslie Cheu (Executive Di) $105,759 $0
Daniel Hogarty Jr (President &) $0 $0
George Arakelian (Secretary) $0 $0
Lois Arakelian (Director) $0 $0
Robert Fritz (Director) $0 $0
Michael E Fleming (Director) $0 $0
Sophia Hammett Turner (Director) $0 $0
Kristen Healy (Director) $0 $0
Micki Massry (Director) $0 $0
Sheila Mendleson (Director) $0 $0
Anthony O'haire (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,724,588
Expenses
$1,455,638
Net Income
$268,950
Net Assets
$12,066,376
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $102,431
5.9%
Dividends $168,124
9.7%
Sales of Assets $1,451,483
84.2%
Other Income $2,550
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,363,780
93.7%
Compensation of Officers* $96,195
6.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $12,067,693
Total Liabilities $1,317
Net Assets $12,066,376
Compensation
Key Employees and Officers Compensation Other
Leslie Cheu (Executive Di) $96,195 $0
Daniel Hogarty Jr (President &) $0 $0
George Arakelian (Secretary) $0 $0
Lois Arakelian (Director) $0 $0
Robert Fritz (Director) $0 $0
Michael E Fleming (Director) $0 $0
Sophia Hammett Turner (Director) $0 $0
Kristen Healy (Director) $0 $0
Micki Massry (Director) $0 $0
Sheila Mendleson (Director) $0 $0
Anthony O'haire (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$862,329
Expenses
$869,947
Net Income
-$7,618
Net Assets
$11,813,117
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $73,848
8.6%
Dividends $187,525
21.7%
Sales of Assets $600,943
69.7%
Other Income $13
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $793,724
91.2%
Compensation of Officers* $88,837
10.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,814,081
Total Liabilities $964
Net Assets $11,813,117
Compensation
Key Employees and Officers Compensation Other
Leslie Cheu (Executive Di) $88,837 $12,242
Daniel Hogarty Jr (President &) $0 $0
George Arakelian (Secretary) $0 $0
Lois Arakelian (Director) $0 $0
Robert Fritz (Director) $0 $0
Michael E Fleming (Director) $0 $0
Sophia Hammett Turner (Director) $0 $0
Kristen Healy (Director) $0 $0
Micki Massry (Director) $0 $0
Sheila Mendleson (Director) $0 $0
Anthony O'haire (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$527,940
Expenses
$1,060,429
Net Income
-$532,489
Net Assets
$11,825,264
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $65,763
12.5%
Dividends $227,384
43.1%
Sales of Assets $234,486
44.4%
Other Income $307
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $978,074
92.2%
Compensation of Officers* $96,692
9.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,825,494
Total Liabilities $230
Net Assets $11,825,264
Compensation
Key Employees and Officers Compensation Other
Leslie Cheu (Executive Di) $96,692 $12,241
Daniel Hogarty Jr (President &) $0 $0
George Arakelian (Secretary) $0 $0
Michael E Fleming (Director) $0 $0
Sophia Hammett Turner (Director) $0 $0
Thomas B Healy (Director) $0 $0
Micki Massry (Director) $0 $0
Anthony O'haire (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$726,107
Expenses
$1,384,063
Net Income
-$657,956
Net Assets
$12,364,250
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $75,430
10.4%
Dividends $196,541
27.1%
Sales of Assets $454,136
62.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,312,376
94.8%
Compensation of Officers* $98,415
7.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $12,367,477
Total Liabilities $3,227
Net Assets $12,364,250
Compensation
Key Employees and Officers Compensation Other
Leslie Cheu (Executive Director) $98,415 $8,587
Daniel Hogarty Jr (Pres & Treasurer) $0 $0
George Arakelian (Secretary) $0 $0
Michael Fleming (Director) $0 $0
Sophia Hammett Turner (Director) $0 $0
Thomas Healy (Director) $0 $0
Micki Massry (Director) $0 $0
Anthony O'haire (Director) $0 $0
Willie Hammett (Director) $0 $0
Morris Massry (Director) $0 $0
Edward O'haire (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$415,404
Expenses
$1,693,129
Net Income
-$1,277,725
Net Assets
$14,159,378
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $107,019
25.8%
Dividends $196,881
47.4%
Sales of Assets $109,461
26.4%
Other Income $2,043
0.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,568,185
92.6%
Compensation of Officers* $119,443
7.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $14,164,710
Total Liabilities $5,332
Net Assets $14,159,378
Compensation
Key Employees and Officers Compensation Other
Leslie Cheu (Executive Director) $119,443 $4,150
Daniel Hogarty Jr (Pres., Treas., & Director) $0 $0
George Arakelian (Secretary & Director) $0 $0
Michael Fleming (Director) $0 $0
Willie Hammett (Director) $0 $0
Thomas Healy (Director) $0 $0
Morris Massry (Director) $0 $0
Edward O'haire (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,052,184
Expenses
$1,000,454
Net Income
$1,051,730
Net Assets
$15,666,325
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $115,770
5.6%
Dividends $207,182
10.1%
Sales of Assets $1,728,935
84.2%
Other Income $297
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $857,870
85.7%
Compensation of Officers* $117,928
11.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $15,668,684
Total Liabilities $2,359
Net Assets $15,666,325
Compensation
Key Employees and Officers Compensation Other
Leslie Cheu (Executive Director) $117,928 $4,019
Daniel Hogarty Jr (Pres., Treas., & Director) $0 $0
George Arakelian (Secretary & Director) $0 $0
Michael Fleming (Director) $0 $0
Willie Hammett (Director) $0 $0
Thomas Healy (Director) $0 $0
Morris Massry (Director) $0 $0
Edward O'haire (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,119,267
Expenses
$861,869
Net Income
$257,398
Net Assets
$15,695,325
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $123,074
11.0%
Dividends $223,294
20.0%
Sales of Assets $772,899
69.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $743,199
86.2%
Compensation of Officers* $105,277
12.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $15,710,090
Total Liabilities $14,765
Net Assets $15,695,325
Compensation
Key Employees and Officers Compensation Other
Leslie Cheu (Executive Director) $105,277 $4,074
Daniel Hogarty Jr (President, Treasurer, & Director) $0 $0
George Arakelian (Secretary & Director) $0 $0
Michael Fleming (Director) $0 $0
Willie Hammet (Director) $0 $0
Thomas Healy (Director) $0 $0
Morris Massry (Director) $0 $0
Edward O'haire (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$505,822
Expenses
$840,994
Net Income
-$335,172
Net Assets
$13,988,926
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $145,829
28.8%
Dividends $204,188
40.4%
Sales of Assets $155,805
30.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $734,426
87.3%
Compensation of Officers* $98,505
11.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $13,992,883
Total Liabilities $3,957
Net Assets $13,988,926

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$470,106
Expenses
$830,073
Net Income
-$359,967
Net Assets
$13,442,334
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $150,460
32.0%
Dividends $141,176
30.0%
Sales of Assets $178,470
38.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $717,460
86.4%
Compensation of Officers* $98,533
11.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $13,446,157
Total Liabilities $3,823
Net Assets $13,442,334

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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