Roy M Malool Family Foundation
- Assets
- $226.2k
- Revenue
- $787.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, NH
- Founding
- 04/1998
- Data as of
- 06/2023
- EIN
- 02-0498236
Organization Overview
Roy M Malool Family Foundation is located in Newport, NH. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roy M Malool Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Roy M Malool Family Foundation generated $787.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (52.6%) each year. All expenses for the organization totaled $9.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Roy M Malool Family Foundation has awarded 48 individual grants totaling $866,233. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Huot Trustee | 1 | $0 | |
Laura Stocker Trustee | 1 | $0 | |
Roy M Malool Trustee | 1 | $0 | |
Susannah M Malool Trustee | 1 | $0 | |
Eeva M Malool Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $787 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $787 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,336 |
| Total operating and administrative expenses | $5,210 |
| Contributions, gifts, grants paid | $3,785 |
| Total expenses and disbursements | $8,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,234 |
| Savings and temporary cash investments | $216,015 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $226,249 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Roy M Malool Family Foundation has awarded $103,916 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
NEWPORT LIBRARY ARTS CENTER PURPOSE: TO PROVIDE GENERAL SUPPORT | $500 |
NEWPORT OPERA HOUSE PURPOSE: TO PROVIDE GENERAL SUPPORT | $50,231 |
SUGAR RIVER VALLEY FFA PURPOSE: TO PROVIDE GENERAL SUPPORT | $6,548 |
SULLIVAN COUNTY SHERRIFF PURPOSE: TO PROVIDE GENERAL SUPPORT | $5,000 |
TOWN OF NEWPORT ECONOMIC DEVELOPMENT PURPOSE: TO FUND ECONOMIC COORDINATOR FOR TOWN DEVELOPMENT & HISTORICAL BUILDING MAINTENANCE | $37,130 |
NEWPORT MONTESSORI SCHOOL PURPOSE: TO PROVIDE GENERAL SUPPORT | $4,000 |