Scully Family Foundation
- Assets
- $934.7k
- Revenue
- $48.2k
- Investments
- $907.3k
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 03/2003
- Data as of
- 12/2022
- EIN
- 04-3556853
Organization Overview
Scully Family Foundation is located in Cambridge, MA. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Scully 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 12/2022, Scully Family Foundation generated $48.2k 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 (5.4%) each year. All expenses for the organization totaled $685.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Scully Family Foundation has awarded 289 individual grants totaling $1,499,723. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING ORGANIZATIONS AND CAUSES IN THE GREATER BOSTON AND NEW HAMPSHIRE AREA.
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 |
|---|---|---|---|
Rosmarie H Scully Pres/treasurer | 2 | $0 | |
Joia Kirby Clerk | 1 | $0 | |
Andrea Keogh Director | 1 | $0 | |
Katrina Ohl Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,792 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,167 |
| Capital Gain Net Income | $26,167 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $267 |
| Total Revenue | $48,226 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,535 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,876 |
| Total operating and administrative expenses | $24,497 |
| Contributions, gifts, grants paid | $661,125 |
| Total expenses and disbursements | $685,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,573 |
| Savings and temporary cash investments | $2,792 |
| 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 | $230,606 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $934,660 |
| 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, Scully Family Foundation has awarded $661,125 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH COUNTRY CHAMBER PLAYERS PURPOSE: SUPPORT FORGUEST ARTISTS | $3,500 |
HARVARD CATHOLIC CENTERS PURPOSE: GENERAL SUPPORT | $500 |
GLOBAL TEAMS INTERNATIONAL PURPOSE: MINISTRY FUNDS | $1,000 |
JESUITS USA MIDWEST PROVINCE PURPOSE: GENERAL SUPPORT | $500 |
THE HANDEL & HAYDN SOCIETY PURPOSE: 2021-22 ANNUAL FUNDENDOWMENT | $600,000 |
MOTHER CAROLINE ACADEMY AND EDUCATION CENTER PURPOSE: EDUCATION SUPPLIESDRAMA CLASSESVISUAL ARTS | $11,500 |