Margaret A Mcgrath Charitable Foundation Scholarship Fund
- Assets
- $2.8m
- Revenue
- $180.5k
- Investments
- $2.7m
- Employees
- 0
- Location
- Brockport, NY
- Founding
- 10/2004
- Data as of
- 12/2023
- EIN
- 20-6228522
Organization Overview
Margaret A Mcgrath Charitable Foundation Scholarship Fund is located in Brockport, NY. The organization was established in 2004. 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. Margaret A Mcgrath Charitable Foundation Scholarship Fund 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, Margaret A Mcgrath Charitable Foundation Scholarship Fund generated $180.5k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $207.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Margaret A Mcgrath Charitable Foundation Scholarship Fund has awarded 65 individual grants totaling $316,000. 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 |
|---|---|---|---|
Richard J Dollard Trustee | 10 | $4,238 | |
Richard J Dollard Executive Direc | 35 | $73,325 | |
Thomas E Kubus Trustee | 10 | $4,238 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $42 |
| Dividends & Interest | $89,208 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $91,267 |
| Capital Gain Net Income | $91,267 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $180,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $81,801 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $22 |
| Taxes | $1,465 |
| Depreciation | $0 |
| Occupancy | $4,551 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30,770 |
| Total operating and administrative expenses | $122,909 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $207,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,707 |
| Savings and temporary cash investments | $58,224 |
| 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 | $2,716,606 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,277 |
| Total assets | $2,785,814 |
| 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, Margaret A Mcgrath Charitable Foundation Scholarship Fund has awarded $85,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDER STOKER PURPOSE: SCHOLARSHIP | $4,000 |
ALLISON CRING PURPOSE: SCHOLARSHIP | $2,000 |
ANDREW WILSON PURPOSE: SCHOLARSHIP | $4,000 |
CHRISTOPHER BENEDICT PURPOSE: SCHOLARSHIP | $9,000 |
CORA ROSE PURPOSE: SCHOLARSHIP | $10,000 |
EMILIE WEINBECK PURPOSE: SCHOLARSHIP | $9,000 |