The Catherine E Philbin Memorial Fund
- Assets
- $275.8k
- Revenue
- $10.7k
- Investments
- $268.8k
- Employees
- 0
- Location
- Oxford, MA
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 04-3406706
Organization Overview
The Catherine E Philbin Memorial Fund is located in Oxford, MA. The organization was established in 1999. 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. Catherine E Philbin Memorial 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, Catherine E Philbin Memorial Fund generated $10.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $18.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 6 years. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS WERE PAID OUT TO SEVEN INDIVIDUALS ENROLLED IN NURSING STUDIES AT LOCAL COLLEGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josephine Veglia Trustee | 2 | $0 | |
Robert Philbin Trustee | 2 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,320 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,359 |
| Capital Gain Net Income | $4,309 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,679 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $264 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,539 |
| Total operating and administrative expenses | $9,303 |
| Contributions, gifts, grants paid | $8,750 |
| Total expenses and disbursements | $18,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,976 |
| 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 | $275,780 |
| 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 Catherine E Philbin Memorial Fund has awarded $8,750 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ELIZABETH CZERMAK PURPOSE: TUITION | $2,000 |
SELAH G HARPER PURPOSE: TUITION | $1,500 |
ABIGAIL M MARSH PURPOSE: TUITION | $750 |
MIQUEL ANDREI G MINA PURPOSE: TUITION | $1,000 |
KAITLYN Q SHEA PURPOSE: TUITION | $1,500 |
JULIA C ZONA PURPOSE: TUITION | $1,000 |