Deary Memorial Foundation
- Assets
- $138.7k
- Revenue
- $7.2k
- Investments
- $136.4k
- Employees
- 0
- Location
- Danielson, CT
- Founding
- 06/2002
- Data as of
- 12/2022
- EIN
- 52-2332662
Organization Overview
Deary Memorial Foundation is located in Danielson, CT. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public 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. Deary 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 12/2022, Deary Memorial Foundation generated $7.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $9.6k during the year ending 12/2022. While expenses have increased by 11.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
7 DESERVING STUDENTS RECEIVED SCHOLARSHIPS FOR COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Deary Executive Director | 2 | $0 | |
Allen Deary Trustee | 1 | $0 | |
Patricia Breault Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,775 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,611 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,164 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,595 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $9,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,398 |
| 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 | $136,350 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $138,748 |
| 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, Deary Memorial Foundation has awarded $8,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
EWA SEKULA PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |
ABBY ST MARTIN PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |
CHELSEA MINAYA-TORRES PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |
MOLLY MCKEON PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |
RHIANNON MARTIN PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |
EMMA GILBERT PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |