The Mckelvey Entrepreneurial Foundation
- Assets
- $62.0k
- Revenue
- $18.0
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 02-0788451
Organization Overview
The Mckelvey Entrepreneurial Foundation is located in Greenwich, CT. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mckelvey Entrepreneurial 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 12/2021, Mckelvey Entrepreneurial Foundation generated $18.0 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 (46.8%) each year. All expenses for the organization totaled $53.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO GRANTS WERE ISSUED IN THE CURRENT YEAR. THE FOUNDATION WAS ESTABLISHED TO ENCOURAGE AND ASSIST DESERVING INDIVIDUALS IN THEIR PURSUIT OF HIGHER EDUCATION, WITH A SPECIAL EMPHASIS ON INDIVIDUALS WHO EXHIBIT EVIDENCE OF AN ENTREPRENEURIAL SPIRIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Mckelvey Treasurer, Trustee | 1.5 | $0 | |
Christine Mckelvey Chairman,pres.,trustee | 32.5 | $0 | |
Amanda Mckelvey Trustee | 1.5 | $0 | |
Geoff Mckelvey Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $6 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11 |
| Capital Gain Net Income | $11 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,921 |
| Total operating and administrative expenses | $53,755 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $53,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $62,000 |
| 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 | $62,000 |
| 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, The Mckelvey Entrepreneurial Foundation has awarded $10,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
STEPHANIE CAMPBELL PURPOSE: ENCOURAGE AND ASSIST DESERVING INDIVIDUALS IN THEIR PURSUIT OF HIGHER EDUCATION | $4,000 |
KRISTA NEELY PURPOSE: ENCOURAGE AND ASSIST DESERVING INDIVIDUALS IN THEIR PURSUIT OF HIGHER EDUCATION | $3,250 |
AMBER SMITH PURPOSE: ENCOURAGE AND ASSIST DESERVING INDIVIDUALS IN THEIR PURSUIT OF HIGHER EDUCATION | $3,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |
Brooklyn College Foundation Inc Brooklyn, NY | $101,301,645 | $6,939,639 |