The Frosty Drew Memorial Fund Inc
- Assets
- $212.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charlestown, RI
- Founding
- 08/1982
- Data as of
- 12/2022
- EIN
- 05-0395533
Organization Overview
The Frosty Drew Memorial Fund Inc is located in Charlestown, RI. The organization was established in 1982. 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. Frosty Drew Memorial Fund 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, Frosty Drew Memorial Fund Inc generated $37.6k 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 (4.5%) each year. All expenses for the organization totaled $58.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING FREE PUBLIC ACCESS TO OBSERVATORY FACILITY EVERY FRIDAY NIGHT AND FREQUENTLY FOR SPECIAL EVENTS. THE FROSTY DREW OBSERVATORY AND SCIENCE CENTER ALSO FREQUENTLY HOSTS LIVE STREAM EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Drew Vice President | 1 | $0 | |
Jessica Macneill Secretary | 1 | $0 | |
Scott D Macneill President | 10 | $6,026 | |
Brian Kelley Director | 1 | $0 | |
Cary Weigner Director | 1 | $0 | |
Derek Schacht Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,379 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,178 |
| Other Revenue | $0 |
| Total Revenue | $37,569 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,696 |
| Professional fees and other payments to independent contractors | $300 |
| Occupancy, rent, utilities, and maintenance | $7,482 |
| Printing, publications, postage, and shipping | $514 |
| Other expenses | $42,101 |
| Total expenses | $58,093 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $36,118 |
| Other assets | $0 |
| Total assets | $212,730 |
| Total liabilities | $0 |
| Net assets or fund balances | $212,730 |