Marty Meehan Educational Foundation Inc
- Assets
- $0.0
- Revenue
- $124.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lowell, MA
- Founding
- 11/2001
- Data as of
- 12/2022
- EIN
- 04-3580154
Organization Overview
Marty Meehan Educational Foundation Inc is located in Lowell, MA. The organization was established in 2001. 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. Marty Meehan Educational 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 12/2022, Marty Meehan Educational Foundation Inc generated $124.2k 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 (44.5%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Marty Meehan Educational Foundation Inc has awarded 65 individual grants totaling $4,966,386. 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 Mission:
Part 3 - Line 1
TO ADVANCE ACCESS TO EDUCATION THROUGH THE PROVISIONS OF SCHOLARSHIPS & FINANCIAL SUPPORT & TO PROVIDE GRANTS AND SUPPORT TO CHARITABLE ORGANIZATIONS & EDUCATIONAL INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE ACCESS TO EDUCATION THROUGH THE PROVISIONS OF SCHOLARSHIPS & FINANCIAL SUPPORT & TO PROVIDE GRANTS AND SUPPORT TO CHARITABLE ORGANIZATIONS & EDUCATIONAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Byrne Treasurer | 2 | $0 | |
Robert Normandin Director | 1 | $0 | |
Fawn Andersen President | 2 | $0 | |
William Martin Vice-President | 1 | $0 | |
Barbara O'neil Secretary | 1 | $0 | |
Jennifer Meehan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26 |
| Dividends & Interest | $94,845 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,367 |
| Capital Gain Net Income | $29,367 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $124,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,682 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,350 |
| Printing and publications | $0 |
| Other expenses | $5,398 |
| Total operating and administrative expenses | $58,153 |
| Contributions, gifts, grants paid | $3,910,586 |
| Total expenses and disbursements | $3,968,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, Marty Meehan Educational Foundation Inc has awarded $3,910,586 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF NOTRE DAME PURPOSE: CHARITABLE | $2,900 |
BOYS AND GIRLS CLUB OF GREATER LOWELL PURPOSE: CHARITABLE | $13,200 |
CAMP HARBOR VIEW PURPOSE: CHARITABLE | $5,000 |
CATHOLIC MEMORIAL PURPOSE: CHARITABLE | $5,000 |
JL11 FUND PURPOSE: CHARITABLE | $1,000 |
STONGWATER FARM PURPOSE: CHARITABLE | $1,000 |