Mercury Aircraft Foundation
- Assets
- $2.1m
- Revenue
- $282.5k
- Investments
- $1.9m
- Employees
- 0
- Location
- Hammondsport, NY
- Founding
- 03/1954
- Data as of
- 12/2021
- EIN
- 16-6028162
Organization Overview
Mercury Aircraft Foundation is located in Hammondsport, NY. The organization was established in 1954. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercury Aircraft 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 12/2021, Mercury Aircraft Foundation generated $282.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $221.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mercury Aircraft Foundation has awarded 82 individual grants totaling $349,465. 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 |
|---|---|---|---|
J F Meade IV Trustee, Secretary | 1 | $0 | |
G J Hintz Trustee, Treasurer | 1 | $0 | |
L A Chandler Ass't Secretary | 1 | $0 | |
Jessica Meade Demore Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,939 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $229,607 |
| Capital Gain Net Income | $229,607 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $282,546 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,378 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,111 |
| Total operating and administrative expenses | $30,839 |
| Contributions, gifts, grants paid | $190,340 |
| Total expenses and disbursements | $221,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,796 |
| Savings and temporary cash investments | $0 |
| 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 | $177,546 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $21,517 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,104,362 |
| 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, Mercury Aircraft Foundation has awarded $190,340 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
Bath, NY PURPOSE: HEALTHCARE FUND DONATION | $26,660 |
GLENN H CURTISS MUSEUM PURPOSE: MUSEUM BUILDING FUND | $26,300 |
METHODIST CHURCH PURPOSE: COVID RELIEF | $14,000 |
ST JOHN VIANNEY CATHOLIC CHURCH PURPOSE: COVID RELIEF | $14,000 |
ST JAMES EPISCOPAL CHURCH PURPOSE: COVID RELIEF | $14,000 |
PRESBYTERIAN CHURCH PURPOSE: COVID RELIEF | $14,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Service Alliance Inc Boston, MA | $4,453,448 | $16,703,072 |
Childrens Health Defense Franklin Lakes, NJ | $11,057,001 | $15,990,132 |
Big Initiatives Incorporated Brooklyn, NY | $1,855,703 | $3,522,565 |
International Association Of Heat & Frost Insulators & Allied Workers Aliquippa, PA | $13,053,886 | $8,881,543 |
Internal Assn Of Heat & Frost Insulators & Asbestos 91 Welfare F Peekskill, NY | $4,005,910 | $2,671,151 |
American Littoral Society Highlands, NJ | $1,628,305 | $2,690,003 |
Inclusive Prosperity Capital Inc Hartford, CT | $21,605,170 | $1,661,010 |
Regional Greenhouse Gas Initiative Inc New York, NY | $1,119,792 | $2,159,295 |
Anderson-Rogers Foundation Inc New York, NY | $21,997,471 | $1,111,279 |
Toxics Action Center Inc Boston, MA | $3,641,315 | $1,481,881 |
3 Rivers Wet Weather Inc Pittsburgh, PA | $303,732 | $1,117,551 |
The Citizens Campaign Inc Metuchen, NJ | $134,854 | $592,682 |