Isaac Harris Cary Educational Fund
- Assets
- $1.1m
- Revenue
- $61.8k
- Investments
- $1.0m
- Employees
- 0
- Location
- Lexington, MA
- Founding
- 06/1952
- Data as of
- 04/2024
- EIN
- 04-6023807
Organization Overview
Isaac Harris Cary Educational Fund is located in Lexington, MA. The organization was established in 1952. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Isaac Harris Cary Educational 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 04/2024, Isaac Harris Cary Educational Fund generated $61.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $106.1k during the year ending 04/2024. While expenses have increased by 2.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Isaac Harris Cary Educational Fund has awarded 94 individual grants totaling $301,025. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS WITH SPEAKERS OR PERFORMERS GIVEN SEVERAL TIMES DURING THE YEAR FREE OF CHARGE TO ALL CITIZENS OF THE TOWN OF LEXINGTON, MA
PROVIDED EDUCATIONAL SCHOLARSHIPS TO APPROXIMATELY TWENTY-SEVEN STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Shaw President | 1 | $0 | |
Christine Mitchell Vice President | 1 | $0 | |
James Avery Clerk | 1 | $0 | |
Jeanne Krieger Treasurer | 1 | $0 | |
Nicole Kefalas Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,415 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,341 |
| Capital Gain Net Income | $24,341 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,756 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $956 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,965 |
| Total operating and administrative expenses | $29,871 |
| Contributions, gifts, grants paid | $76,243 |
| Total expenses and disbursements | $106,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,143 |
| Savings and temporary cash investments | $73,267 |
| 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 | $1,099,767 |
| 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, Isaac Harris Cary Educational Fund has awarded $76,243 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDER HWANG PURPOSE: SCHOLARSHIP | $1,418 |
ANDREW EGAN PURPOSE: SCHOLARSHIP | $6,646 |
BEAU VERNET PURPOSE: SCHOLARSHIP | $6,304 |
BRIAN GILLIS PURPOSE: SCHOLARSHIP | $7,448 |
CAMRYN WEDGEWOOD PURPOSE: SCHOLARSHIP | $6,646 |
ERIC DECOSTE PURPOSE: SCHOLARSHIP | $5,938 |