Dorothea Van Dyke Mclane Association
- Assets
- $4.6m
- Revenue
- $221.1k
- Investments
- $4.3m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 02/1926
- Data as of
- 12/2023
- EIN
- 21-6000849
Organization Overview
Dorothea Van Dyke Mclane Association is located in Princeton, NJ. The organization was established in 1926. 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. Dorothea Van Dyke Mclane Association 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, Dorothea Van Dyke Mclane Association generated $221.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $289.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Dorothea Van Dyke Mclane Association has awarded 24 individual grants totaling $816,799. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AWARDS - SEE ATTACHED
DONATIONS - SEE ATTACHED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Marchetta Co-President | 2 | $0 | |
Dino Spadaccini Co-President | 2 | $0 | |
Dante Germano Treasurer | 2 | $0 | |
Nancy Beck Secretary | 2 | $0 | |
Linda Bruschi Board Member | 2 | $0 | |
Joseph Casalaina External Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,950 |
| Interest on Savings | $0 |
| Dividends & Interest | $146,206 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,687 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $55,673 |
| Total Revenue | $221,142 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,031 |
| Depreciation | $14,844 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,615 |
| Printing and publications | $0 |
| Other expenses | $115,104 |
| Total operating and administrative expenses | $163,711 |
| Contributions, gifts, grants paid | $125,999 |
| Total expenses and disbursements | $289,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,080 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,306 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,312,549 |
| Net Land, buildings, and equipment | $232,954 |
| Other assets | $0 |
| Total assets | $4,616,889 |
| Accounts payable and accrued expenses | $9,972 |
| Grants payable | $46,500 |
| Deferred revenue | $17,020 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,031 |
| Total liabilities | $75,523 |
Grants Awarded
Over the last fiscal year, Dorothea Van Dyke Mclane Association has awarded $125,499 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DONATIONS - SEE ATTACHED PURPOSE: DONATIONS | $34,499 |
SCHOLARSHIPS SPR 23 - SEE ATTACHED PURPOSE: GRANTS | $44,000 |
SCHOLARSHIPS OTHER - SEE ATTACHED PURPOSE: GRANTS | $500 |
SCHOLARSHIPS FALL 23 - SEE ATTACHED PURPOSE: GRANTS | $46,500 |