Michael J Lorden Memorial Scholarship
- Assets
- $45.9k
- Revenue
- $1.1k
- Investments
- $43.5k
- Employees
- 0
- Location
- Westford, MA
- Founding
- 11/2005
- Data as of
- 12/2022
- EIN
- 20-2897564
Organization Overview
Michael J Lorden Memorial Scholarship is located in Westford, MA. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael J Lorden Memorial Scholarship 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, Michael J Lorden Memorial Scholarship generated $1.1k 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 (21.5%) each year. All expenses for the organization totaled $4.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie A Lorden President | 1 | $0 | |
Gail Lorden Treas/sec | 1 | $0 | |
Michael J Lorden Vice President | 1 | $0 | |
John V Burgoyne Sr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $593 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $509 |
| Capital Gain Net Income | $509 |
| Net ST Capital Gain | $266 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,102 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $670 |
| Total operating and administrative expenses | $1,620 |
| Contributions, gifts, grants paid | $2,730 |
| Total expenses and disbursements | $4,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,451 |
| 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 | $43,460 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $45,911 |
| 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, Michael J Lorden Memorial Scholarship has awarded $4,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIPS PURPOSE: SCHOLARSHIP | $3,500 |
CONTRIBUTIONS PURPOSE: SUPPORT OF ORGANIZATION | $500 |