Necma Foundation Inc

Organization Overview

Necma Foundation Inc is located in Barrington, RI. The organization was established in 2011. 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. Necma 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 10/2022, Necma Foundation Inc generated $85.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $41.9k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO FOSTER INTELLECTUAL EXCELLENCE IN THE FIELD OF CLUB MANAGEMENT BY SECURING FUNDS FROM CONTRIBUTIONS TO BE USED FOR EDUCATIONAL PURPOSES AND ASSIST STUDENTS, BY WAY OF PROVIDING SCHOLARSHIP GRANTS, SEEKING AN EDUCATION IN THE HOSPITALITY PROFESSION. THE ORGANIZATION'S CHARITABLE AND EDUCATIONAL PURPOSES ARE TO PROVIDE EDUCATIONAL AND TRAINING OPPORTUNITIES FOR CLUB MANAGERS AND STUDENTS ENGAGED AND EMPLOYED IN THE PRIVATE CLUB AND HOSPITALITY INDUSTRY IN THE COMMONWEALTH OF MASSACHUSETTS AND THE STATES OF MAINE, NEW HAMPSHIRE, RHODE ISLAND AND VERMONT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS AND STUDENT CONFERENCES FOR STUDENTS WHO ARE INTERESTED IN THE PURSUIT OF CAREER IN THE HOSPITALITY PROFESSION.


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)Compensation
Charles Grandon
President
$0
Stephen Kohr
Treasurer
$0
Jason Silbouitz
Director
$0
Dolores I Curren
Director
$0
Jeff Isbell
Director
$0
Christian Coulter
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$24,125
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$24,125
Total Program Service Revenue$0
Investment income $14,545
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $300
Net Income from Fundraising Events $46,804
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $85,774

Create an account to unlock the data you need.

or