Frank Melville Memorial Foundation
- Assets
- $2.1m
- Revenue
- $349.1k
- Investments
- $831.5k
- Employees
- 0
- Location
- East Setauket, NY
- Founding
- 03/1941
- Data as of
- 12/2023
- EIN
- 11-6036411
Organization Overview
Frank Melville Memorial Foundation is located in East Setauket, NY. The organization was established in 1941. 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. Frank Melville Memorial Foundation 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 12/2023, Frank Melville Memorial Foundation generated $349.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $367.8k during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC PARK AND RELATED MAINTENANCE OF THE PARK AND HISTORICAL STRUCTURES IN EAST SETAUKET, NEW YORK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles T Hamilton President | 0.25 | $0 | |
Gregory W Melville Vice President | 0.25 | $0 | |
Steven J La Sala Treasurer | 0.25 | $0 | |
Linda L Sanders Vice President | 0.25 | $0 | |
Gregory W Ferguson Secretary | 0.25 | $0 | |
Timothy B Glynn Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $77,613 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,060 |
| Net Rental Income | $115,500 |
| Net Gain on Sale of Assets | -$22,809 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $349,124 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,426 |
| Depreciation | $30,687 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $271,466 |
| Total operating and administrative expenses | $367,769 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $367,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,342 |
| Savings and temporary cash investments | $233,947 |
| 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 | $32,764 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $988,247 |
| Other assets | $0 |
| Total assets | $2,132,772 |
| Accounts payable and accrued expenses | $19,064 |
| 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 | $9,700 |
| Total liabilities | $28,764 |