M R Lilly P And Mary Dickey Memorial Fund
- Assets
- $21.3m
- Revenue
- $768.0k
- Investments
- $16.7m
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 34-6998724
Organization Overview
M R Lilly P And Mary Dickey Memorial Fund is located in Brooklyn, OH. The organization was established in 1994. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. M R Lilly P And Mary Dickey 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, M R Lilly P And Mary Dickey Memorial Fund generated $768.0k 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 (13.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, M R Lilly P And Mary Dickey Memorial Fund has awarded 12 individual grants totaling $4,978,972. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GRANTS ARE MADE ACCORDING TO TRUST AGREEMENT DATED OCTOBER 27,1987. KEYBANK, AS TRUSTEE, MAKES DISTRIBUTIONS AS FOLLOWS: 25% TO LAKE ERIE COLLEGE, 50% TO FIRST PRESBYTERIAN CHURCH, AND 25% TO CASE WESTERN RESERVE UNIVERSITY. UNDER THE OHIO INSTITUTIONAL TRUST FUNDS ACT OF 1999, THE BENEFICIARIES HAVE CHOSEN TO RECEIVE THE MAXIMUM OF INCOME BASED ON THE GREATER OF 5% OF AFV OR TRADITIONAL INCOME. KEYBANK MAINTAINS A RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF EACH BENEFICIARY ORGANIZATION IN THE ATTAINMENT OF ITS MISSION. PLEASE NOTE THE CHARITIES HAVE A RIGHT TO REMOVE THE TRUSTEE, AND THE TRUSTEE HAS THE AUTHORITY TO AMEND THE DOCUMENT TO INSURE THE CONTINUATION TO QUALIFY AS A 509(A)3 .
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS MADE TO FIRST PRESBYTERIAN CHURCH FOR RELIGIOUS OBSERVATIONS AND MAINTENANCE OF THE CHURCH PROPERTY.
GRANTS MADE TO LAKE ERIE COLLEGE TO BE USED FOR THE PAYMENT OF SALARIES FOR FOREIGN LANGUAGE TEACHERS. ANY EXCESS INCOME IS TO BE USED FOR THE PAYMENT OF SALARIES TO OTHER TEACHERS.
GRANTS MADE TO CASE WESTERN RESERVE UNIVERSITY TO BE USED EQUALLY FOR SCHOLARSHIP FOR GRADUATE DEGREES IN FOREIGN LANGUAGE AND LAW WITH PREFERENCE GIVEN TO LAKE ERIE COLLEGE GRADUATES.
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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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $243,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $524,609 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $768,016 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,376,067 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $162,063 |
| Compensation of current officers, directors, key employees. | $162,063 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,706 |
| Total functional expenses | $1,540,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $519,808 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,034,818 |
| Investments—other securities | $16,749,782 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,304,408 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $21,304,408 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,304,408 |
Grants Awarded
Over the last fiscal year, M R Lilly P And Mary Dickey Memorial Fund has awarded $1,376,067 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN SOCIETYOLD STONE CHURCH PURPOSE: For religious observations and maintenance of the church property | $688,033 |
LAKE ERIE COLLEGE PURPOSE: To be used for salaries of foreign language teachers. Any excess to be used for other teachers. | $344,017 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: To be used equally for scholarship for graduate degrees in foreign language and law with preference given to Lake Erie College graduates. | $344,017 |