Medleycott Family Foundation
- Assets
- $2.1m
- Revenue
- $436.0k
- Investments
- $393.5k
- Employees
- 0
- Location
- Southampton, PA
- Founding
- 09/2003
- Data as of
- 12/2022
- EIN
- 74-3101031
Organization Overview
Medleycott Family Foundation is located in Southampton, PA. The organization was established in 2003. 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. Medleycott Family 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, Medleycott Family Foundation generated $436.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $392.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Medleycott Family Foundation has awarded 50 individual grants totaling $1,070,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice E Medleycott Secretary | 1 | $0 | |
Leon Marchetti President | 1 | $0 | |
Deborah Hedrick Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $360,520 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,107 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,328 |
| Capital Gain Net Income | $2,328 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $36,000 |
| Total Revenue | $435,955 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12 |
| Depreciation | $4,272 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62,207 |
| Total operating and administrative expenses | $66,491 |
| Contributions, gifts, grants paid | $326,000 |
| Total expenses and disbursements | $392,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,573,930 |
| Savings and temporary cash investments | $0 |
| 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 | $160,064 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,127,502 |
| 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, Medleycott Family Foundation has awarded $326,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
THE AARK WILDLIFE REHAB EDUC PURPOSE: TO AID ORGANIZATION IN CHARITABLE PURPOSE | $5,000 |
MANNA CHURCH PURPOSE: TO AID ORGANIZATION IN CHARITABLE PURPOSE | $6,000 |
NEW HOPE MINISTRIES PURPOSE: TO AID ORGANIZATION IN CHARITABLE PURPOSE | $5,000 |
NGA INC PURPOSE: TO AID ORGANIZATION IN CHARITABLE PUROSE | $5,000 |
LOVING GRACE MINISTIRES PURPOSE: TO AID ORGANIZATION IN CHARITABLE PURPOSE | $5,000 |
CHRISTIAN LEGAL CLINICS OF PHILA PURPOSE: TO AID ORGANIZATION IN CHARITABLE PURPOSE | $5,000 |