The Mellen Foundation Inc
- Assets
- $1.9m
- Revenue
- $71.5k
- Investments
- $0.0
- Employees
- 0
- Location
- East Haven, CT
- Founding
- 04/1987
- Data as of
- 12/2022
- EIN
- 22-2778847
Organization Overview
The Mellen Foundation Inc is located in East Haven, CT. The organization was established in 1987. 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. Mellen Foundation Inc 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, Mellen Foundation Inc generated $71.5k 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 (5.8%) each year. All expenses for the organization totaled $21.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mellen Foundation Inc has awarded 381 individual grants totaling $1,484,140. 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 |
|---|---|---|---|
Diane Mellen President | 8 | $0 | |
Neil Mellen Secretary/treasurer | 4 | $0 | |
David Zieff Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,223 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,310 |
| Capital Gain Net Income | $26,310 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,533 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,884 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,609 |
| Total operating and administrative expenses | $21,793 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $21,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $267,471 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,605,119 |
| Total assets | $1,872,590 |
| 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, The Mellen Foundation Inc has awarded $83,250 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CIVIL LIBERTIES UNION PURPOSE: UNRESTRICTED | $4,000 |
4 PAWS FOR ABILITY PURPOSE: UNRESTRICTED | $1,000 |
AZ GOLDEN RESCUE PURPOSE: UNRESTRICTED | $2,000 |
BRIDGEPORT RESCUE MISSION PURPOSE: UNRESTRICTED | $2,000 |
BEST FRIENDS ANIMAL SOCIETY PURPOSE: UNRESTRICTED | $750 |
HOME FOR THE BRAVE PURPOSE: UNRESTRICTED | $2,000 |