Elizabeth T Mcnamee Memorial Scholarship Fund Inc
- Assets
- $799.3k
- Revenue
- $67.8k
- Investments
- $604.2k
- Employees
- 0
- Location
- West Islip, NY
- Founding
- 03/1999
- Data as of
- 09/2023
- EIN
- 11-3457122
Organization Overview
Elizabeth T Mcnamee Memorial Scholarship Fund Inc is located in West Islip, NY. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Elizabeth T Mcnamee Memorial Scholarship 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 09/2023, Elizabeth T Mcnamee Memorial Scholarship Fund Inc generated $67.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $68.6k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Elizabeth T Mcnamee Memorial Scholarship Fund Inc has awarded 135 individual grants totaling $267,115. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Mcnamee Secretary | 0 | $0 | |
Francis H Mcnamee Vice President | 0 | $0 | |
William E Mcnamee President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,724 |
| Interest on Savings | $137 |
| Dividends & Interest | $14,671 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,254 |
| Capital Gain Net Income | $28,254 |
| Net ST Capital Gain | $28,254 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $67,786 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $390 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,082 |
| Other expenses | $5,863 |
| Total operating and administrative expenses | $18,513 |
| Contributions, gifts, grants paid | $50,050 |
| Total expenses and disbursements | $68,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $195,118 |
| 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 | $799,314 |
| 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, Elizabeth T Mcnamee Memorial Scholarship Fund Inc has awarded $50,050 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
WEST ISLIP ASSN SCHOOL ADMIN PURPOSE: EDUCATION | $2,400 |
ST PATRICKS SCHOLARSHIP FUND PURPOSE: EDUCATION | $2,000 |
WEST ISLIP BREAST CANCER PURPOSE: RESEARCH | $1,000 |
ST JOHN THE BAPTIST HS PURPOSE: TUITION ASSISTANCE | $1,000 |
MUSCULAR DYSTROPHY ASSN PURPOSE: MEDICAL RESEARCH | $1,000 |
THYROID CANCER SURVIVORS ASSN PURPOSE: EDUCATION, COMMUNICATION, SUPPORT, AWARENESS FOR EARLY DETECTION, & THYROID CANCER RESEARCH FUNDING AND RESEARCH GRANTS | $750 |