Edward G Molin Charitable Foundation Inc
- Assets
- $231.4k
- Revenue
- $10.6k
- Investments
- $226.0k
- Employees
- 0
- Location
- Hampton Falls, NH
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 04-3438375
Organization Overview
Edward G Molin Charitable Foundation Inc is located in Hampton Falls, NH. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Edward G Molin Charitable Foundation Inc 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, Edward G Molin Charitable Foundation Inc generated $10.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.3%) each year. All expenses for the organization totaled $23.6k 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
THE EDWARD G. MOLIN AWARD FOR TEACHING EXCELLENCE ARE AWARDED TEACHERS WHO HAVE BEEN OUTSTANDING DURING THE SCHOOL YEAR
DONATED FUNDS FOR LAND CONSERVATION.
SOUTHEAST LAND TRUST OF NEW HAMPSHIRE
ASSIST SERVICES - SPECIAL TRANSPORTATION FOR SPECIAL STUDENTS. A TRUSTED SOURCE FOR SAFE, RELIABLE, AND COST EFFECTIVE ALTERNATIVE STUDENT TRANSPORTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas E Molin President | 0.5 | $0 | |
Janice M Colby Clerk | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,786 |
| Interest on Savings | $908 |
| Dividends & Interest | $4,565 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,330 |
| Capital Gain Net Income | $2,330 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,589 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $373 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,586 |
| Total operating and administrative expenses | $4,884 |
| Contributions, gifts, grants paid | $18,721 |
| Total expenses and disbursements | $23,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $5,358 |
| 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 | $231,405 |
| 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, Edward G Molin Charitable Foundation Inc has awarded $12,721 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TRUST FOR PUBLIC LAND PURPOSE: GENERAL DONATION | $5,000 |
SOUTHEAST LAND TRUST PURPOSE: GENERAL DONATION | $2,500 |
ASSIST SERVICES PURPOSE: GENERAL DONATION | $2,221 |
Ipswich, MA PURPOSE: GENERAL DONATION | $2,000 |
Lovell, ME PURPOSE: GENERAL DONATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
William J & Lia G Poorvu Family Foundation Cambridge, MA | $120,261,343 | $11,453,242 |
Shapiro Foundation Needham, MA | $157,349,001 | $11,545,549 |
New Balance Foundation Boston, MA | $152,561,164 | $17,219,252 |
Linde Family Foundation Boston, MA | $189,813,343 | $18,266,253 |
Nancy Lurie Marks Family Foundation Wellesley, MA | $0 | $8,374,794 |
Abrams Foundation Inc Boston, MA | $0 | $18,931,017 |
James S Mcdonnell Family Foundation Inc Lincoln, MA | $112,136,511 | $18,539,492 |
Highland Street Connection Newton, MA | $74,050,006 | $4,748,542 |
High Meadows Fund Inc Middlebury, VT | $79,370 | $3,916,817 |
Mooney-Reed Charitable Foundation Tr Concord, MA | $125,988,887 | $19,894,387 |
Rauch Foundation Inc Woodstock, VT | $0 | $7,676,886 |