The Mclnich Scholarship Fund
- Assets
- $1.7m
- Revenue
- $45.9k
- Investments
- $1.6m
- Employees
- 0
- Location
- Bedford, NH
- Founding
- 04/1990
- Data as of
- 12/2022
- EIN
- 02-6076262
Organization Overview
The Mclnich Scholarship Fund is located in Bedford, NH. The organization was established in 1990. 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. Mclnich Scholarship Fund 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 12/2022, Mclnich Scholarship Fund generated $45.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $117.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mclnich Scholarship Fund has awarded 135 individual grants totaling $684,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Cotrustee | 1 | $15,625 | |
Douglas Mcininch Cotrustee | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,001 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,903 |
| Capital Gain Net Income | $12,903 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,904 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,625 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,127 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76 |
| Total operating and administrative expenses | $37,828 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $117,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $101,409 |
| 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 | $1,731,776 |
| 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 Mclnich Scholarship Fund has awarded $80,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
LOGAN TARTSA PURPOSE: SCHOLARSHIP - UNH | $5,000 |
ALYSSIA PERRON PURPOSE: SCHOLARSHIP - SOUTHERN NH | $5,000 |
RACHEL BANGASIMBO PURPOSE: SCHOLARSHIP - HOWARD | $5,000 |
ANASTASIA BOURASSA PURPOSE: SCHOLARSHIP - UNH | $5,000 |
KATHRYN CRAIG PURPOSE: SCHOLARSHIP - BABSON | $5,000 |
NATHAN DUPRE PURPOSE: SCHOLARSHIP - BOSTON | $5,000 |