Megan Lally Memorial Fund Inc
- Assets
- $13.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, MA
- Founding
- 07/2012
- Data as of
- 12/2021
- EIN
- 80-0806385
Organization Overview
Megan Lally Memorial Fund Inc is located in Somerville, MA. The organization was established in 2012. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Megan Lally Memorial Fund Inc 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, Megan Lally Memorial Fund Inc generated $83.8k in total revenue. All expenses for the organization totaled $3.6k during the year ending 12/2021. While expenses have increased by 27.2% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
OUR 2021 200 MILE RUNNING EVENT AND RELATED FUNDRAISING WAS BACK AFTER WE MISSED THE 2020 YEAR DUE TO COVID-19. OUR EVENT WAS A HUGE SUCCESS RAISING $90,000 DONATED DIRECTLY TO CANCER RESEARCH AND PATIENT SUPPORT AT UMASS MEMORIAL CANCER CENTRE OF EXCELLENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Fanous President | 1 | $0 | |
Sarah Fanous Director | 1 | $0 | |
David Gray Treasurer | 1 | $0 | |
Victoria Bartley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,791 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $83,809 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,610 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $3,610 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,278 |
| Other assets | $0 |
| Total assets | $13,278 |
| Total liabilities | $0 |
| Net assets or fund balances | $13,278 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Megan Lally Memorial Fund Inc has recieved totaling $89.
| Awarding Organization | Amount |
|---|---|
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $50 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integrate Health Inc Medway, MA | $11,519,968 | $5,602,759 |
Neuroendocrine Tumor Research Foundation Boston, MA | $26,608,419 | $8,207,303 |
Hope & Heroes Childrens Cancer Fund New York, NY | $6,179,073 | $4,699,771 |
Town Fair Tire Foundation Inc East Haven, CT | $52,065,135 | $4,401,407 |
Cure Rare Disease Inc Boston, MA | $1,470,434 | $2,486,822 |
Advancing Cancer Treatment Moultonborough, NH | $1,176,243 | $1,500,077 |
Why Me Inc Worcester, MA | $5,740,285 | $1,202,450 |
Keep A Child Alive New York, NY | $8,417,069 | $6,592,959 |
The Degregorio Family Foundation Inc Pleasantville, NY | $2,565,905 | $1,850,977 |
Bina Stroke And Brain Injury Assistance Inc Brooklyn, NY | $180,400 | $1,112,000 |
United Brain Association Inc Vails Gate, NY | $51,099 | $577,124 |
Annies Angels Memorial Fund Inc Stratham, NH | $346,702 | $513,244 |