David Marshall Ohmart Memorial Fund
- Assets
- $47.2k
- Revenue
- $3.9k
- Investments
- $45.0k
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 12/1974
- Data as of
- 12/2022
- EIN
- 23-7424856
Organization Overview
David Marshall Ohmart Memorial Fund is located in Bangor, ME. The organization was established in 1974. 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. David Marshall Ohmart Memorial 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 12/2022, David Marshall Ohmart Memorial Fund generated $3.9k 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 (3.1%) each year. All expenses for the organization totaled $5.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,469 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,321 |
| Capital Gain Net Income | $2,321 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $90 |
| Total Revenue | $3,880 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $593 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $164 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,457 |
| Contributions, gifts, grants paid | $4,348 |
| Total expenses and disbursements | $5,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,236 |
| 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 | $809 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $47,239 |
| 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, David Marshall Ohmart Memorial Fund has awarded $4,348 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MAINE PURPOSE: SCHOLARSHIP | $1,350 |
BREWER HIGH SCHOOL PURPOSE: SCHOLARSHIP | $98 |
HUSSON UNIVERSITY PURPOSE: SCHOLARSHIP | $1,350 |
DAVID OHMART MEMORIAL FUND SCIENCE AWARD PURPOSE: SCHOLARSHIP | $200 |
BOWDOIN COLLEGE PURPOSE: SCHOLARSHIP | $1,350 |