Megan Lally Memorial Fund Inc
- Assets
- $78.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, MA
- Founding
- 07/2012
- Data as of
- 12/2022
- 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 12/2022, Megan Lally Memorial Fund Inc generated $67.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 63.6% each year . All expenses for the organization totaled $2.4k during the year ending 12/2022. While expenses have increased by 17.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
OUR 2022 200 MILE RUNNING EVENT AND RELATED FUNDRAISING WAS BACK AGAIN FOR THE SECOND YEAR AFTER WE MISSED THE 2020 YEAR DUE TO COVID-19. OUR EVENT WAS A HUGE SUCCESS RAISING $67,000. WE MADE A CONTRIBUTION IN 2023 FOR BREAST CANCER RESEARCH THAT WOULDN'T BE POSSIBLE WITHOUT THESE EFFORTS AND FUNDRAISING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Fanous President | 1 | $0 | |
David Gray Treasurer | 1 | $0 | |
Sarah Fanous Director | 1 | $0 | |
Victoria Bartley Director | 1 | $0 | |
Jocelyn Sarantonio Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,258 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,268 |
| 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 | $2,391 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $2,391 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $78,155 |
| Other assets | $0 |
| Total assets | $78,155 |
| Total liabilities | $0 |
| Net assets or fund balances | $78,155 |