Albert F Egan Jr & Dorothy H Egan Foundation Inc
- Assets
- $15.2m
- Revenue
- $1.2m
- Investments
- $12.4m
- Employees
- 0
- Location
- Nantucket, MA
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 04-6604534
Organization Overview
Albert F Egan Jr & Dorothy H Egan Foundation Inc is located in Nantucket, MA. The organization was established in 1989. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albert F Egan Jr & Dorothy H Egan 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHIPWRECK & LIFESAVING MUSEUM - CELEBRATES RESCUES & HEROISM AT SEA, THE MUSEUM PRESERVES THE MEMORY OF THOSE WHO RISKED ALL. ART & LIFE-SAVING ARTIFACTS ARE PUBLICLY DISPLAYED.
MILL HILL PRESS IS A NON-PROFIT PUBLISHER OF DISTINCTIVE NANTUCKET BOOKS RELATED TO THE ISLAND & ITS MARITIME HERITAGE TOPICS RANGE FROM THE ISLAND'S HISTORY, LITERATURE, & ART.
SEA OF OPPORTUNITIES IS A MARITIME EDUCATION PROGRAM BASED IN BOTH THE PUBLIC AND PRIVATE SCHOOLS ON ISLAND. OUR MISSION IS TO PROVIDE OPPORTUNITIES TO ISLAND STUDENTS BY EXPOSING THEM TO OUR ISLANDS MARITTIME HERITAGE AS WELL AS ENGAGING STUDENTS IN MARITIME CAREERS, TRADES AND SCIENCES IN HOPES WE WILL IGNITE A FUTURE PASSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Egan Trustee/president Emeritus | 2 | $0 | |
Carlisle Barron Jensen Executive Director | 40 | $72,415 | |
Paul J Crowley Trustee | 2 | $0 | |
Jeff Crowley Advisory Board | 2 | $0 | |
Cynthia Mcclintock President | 2 | $0 | |
West Riggs Advisory Board | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $559,032 |
| Interest on Savings | $0 |
| Dividends & Interest | $424,196 |
| Net Rental Income | $45,563 |
| Net Gain on Sale of Assets | $28,828 |
| Capital Gain Net Income | $28,828 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $28,829 |
| Other Income | $76,121 |
| Total Revenue | $1,162,569 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,415 |
| Other employee salaries and wages | $350,241 |
| Pension plans, employee benefits | $98,907 |
| Interest | $0 |
| Taxes | $8,276 |
| Depreciation | $201,025 |
| Occupancy | $133,562 |
| Travel, conferences, and meetings | $15,706 |
| Printing and publications | $0 |
| Other expenses | $379,409 |
| Total operating and administrative expenses | $1,388,622 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,388,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,148 |
| Savings and temporary cash investments | $128,410 |
| Net Accounts receivable | $7,068 |
| 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 | $21,586 |
| Prepaid expenses and deferred charges | $10,784 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,381,506 |
| Net Land, buildings, and equipment | $2,409,460 |
| Other assets | $0 |
| Total assets | $15,172,962 |
| Accounts payable and accrued expenses | $24,247 |
| 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 | $3,870 |
| Total liabilities | $28,117 |