Derry Medical Center Charitable Foundation
- Assets
- $406.1k
- Revenue
- $16.8k
- Investments
- $376.2k
- Employees
- 0
- Location
- Londonderry, NH
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 46-7184608
Organization Overview
Derry Medical Center Charitable Foundation is located in Londonderry, NH. The organization was established in 2016. 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. Derry Medical Center Charitable 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, Derry Medical Center Charitable Foundation generated $16.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $28.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Derry Medical Center Charitable Foundation has awarded 119 individual grants totaling $141,275. 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 |
|---|---|---|---|
Dennis G Rork President | 2 | $0 | |
Jonathan D Kilroy Trustee | 1 | $0 | |
Anne Barry Trustee | 1 | $0 | |
Christine M Hand Trustee | 1 | $0 | |
Thomas Buchanan Treasurer | 2 | $0 | |
Lydia Bennett Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,961 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,803 |
| Capital Gain Net Income | $9,803 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,764 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $384 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $7,303 |
| Contributions, gifts, grants paid | $21,000 |
| Total expenses and disbursements | $28,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,835 |
| 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 | $406,074 |
| 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, Derry Medical Center Charitable Foundation has awarded $21,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
LONDONDERRY LEACH LIBRARY PURPOSE: GRANT | $1,000 |
DERRY PUBLIC LIBRARY PURPOSE: GRANT | $1,000 |
NESMITH LIBRARY PURPOSE: GRANT | $1,000 |
DERRY RAIL TRAIL ALLIANCE PURPOSE: GRANT | $1,000 |
LONDONDERRY TRAILWAYS PURPOSE: GRANT | $1,000 |
NOELLE DOBE PURPOSE: SCHOLARSHIP | $1,000 |