Lucy C Ayers Memorial Foundation
- Assets
- $724.6k
- Revenue
- $89.9k
- Investments
- $702.3k
- Employees
- 0
- Location
- Westerly, RI
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-4326190
Organization Overview
Lucy C Ayers Memorial Foundation is located in Westerly, RI. The organization was established in 2014. 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. Lucy C Ayers Memorial 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 12/2021, Lucy C Ayers Memorial Foundation generated $89.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $55.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lucy C Ayers Memorial Foundation has awarded 29 individual grants totaling $260,274. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,524 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,351 |
| Capital Gain Net Income | $72,351 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $89,875 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,555 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $154 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $12,859 |
| Contributions, gifts, grants paid | $42,589 |
| Total expenses and disbursements | $55,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,286 |
| 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 | $724,555 |
| 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, Lucy C Ayers Memorial Foundation has awarded $42,589 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
RHODE ISLAND COLLEGE PURPOSE: NURSING PROGRAM | $18,123 |
UNIVERSITY OF RHODE ISLAND PURPOSE: NURSING PROGRAM | $12,686 |
Newport, RI PURPOSE: NURSING PROGRAM | $10,874 |
East Greenwich, RI PURPOSE: NURSING PROGRAM | $906 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lyford Cay Foundation Inc Greenwich, CT | $29,953,842 | $2,393,799 |
Wings For Things Foundation Inc Sandy Hook, CT | $31,046,537 | $6,302,092 |
Trustees Under The Will Of Herman Dana Newton, MA | $0 | $3,151,156 |
Herman And Frieda L Miller Foundation Boston, MA | $0 | $1,453,299 |
Hometown Foundation Inc Cheshire, CT | $4,638,062 | $3,709,489 |
Elizabeth Deblois Charitable Trust Dtd 113068 Boston, MA | $42,663,522 | $5,064,165 |
Maria Seymour Brooker Memorial Inc Torrington, CT | $41,917,935 | $4,321,077 |
Jobson Family Foundation Wellesley, MA | $38,480,789 | $7,536,069 |
Scott A Nathan Charitable Tr Boston, MA | $6,622,498 | $4,024 |
Rivas Clinic Trust-Univ Of Rochester-30105 Nect Providence, RI | $0 | $1,097,880 |
The Marion Institute Inc Marion, MA | $1,815,280 | $2,011,287 |
Evans Fam Foundation Boston, MA | $4,637,148 | $3,192,838 |