Frank V Sica And Colleen Mcmahon Foundation
- Assets
- $130.2k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Marlboro, NJ
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 31-6651857
Organization Overview
Frank V Sica And Colleen Mcmahon Foundation is located in Marlboro, NJ. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Frank V Sica And Colleen Mcmahon Foundation 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, Frank V Sica And Colleen Mcmahon Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Frank V Sica And Colleen Mcmahon Foundation has awarded 53 individual grants totaling $3,638,200. 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 |
|---|---|---|---|
Frank V Sica Trustee | 0 | $0 | |
Colleen Mcmahon Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,408,550 |
| Interest on Savings | $149 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,201 |
| Capital Gain Net Income | $119,809 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,411,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $3,250 |
| Contributions, gifts, grants paid | $1,370,000 |
| Total expenses and disbursements | $1,373,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,843 |
| Savings and temporary cash investments | $66,382 |
| 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 | $0 |
| Total assets | $130,225 |
| 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, Frank V Sica And Colleen Mcmahon Foundation has awarded $1,370,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CANCER RESEARCH INSTITUTE PURPOSE: CRI CLINICAL ACCELERATOR | $250,000 |
HARLEM CHILDRENS ZONE PURPOSE: UNRESTRICTED | $100,000 |
OHIO STATE UNIVERSITY PURPOSE: COLLEEN MCMAHON FACULTY EXCELLENCE FUBD IN MUSIC | $250,000 |
MARTHAS VINEYARD BOYS AND GIRLS CLU PURPOSE: UNRESTRICTED | $50,000 |
STAY FOCUSED PURPOSE: UNRESTRICTED | $10,000 |
THE YARD PURPOSE: UNRESTRICTED | $200,000 |