Michael C Mchugh Memorial Fund Inc
- Assets
- $180.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milton, MA
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 82-4234341
Organization Overview
Michael C Mchugh Memorial Fund Inc is located in Milton, MA. The organization was established in 2017. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael C Mchugh 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, Michael C Mchugh Memorial Fund Inc generated $48.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $47.9k during the year ending 12/2022. 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 Mission:
Part 3 - Line 1
TO HONOR THE MEMORY OF MICHAEL C MCHUGH BY PROVIDING LOW-INCOME FAMILIES WITH EVERYDAY NEEDS FROM BSIC LIVING TO SCHOOL SUPPLIES, AND TO SUPPORT FAMILIES WHO HAVE LOST A CHILD TO ENABLE THEM TO AFFORD FUNERAL, MEMORIAL AND NON-MEDICAL END OF LIFE EXPENSES.
Describe the Organization's Program Activity:
Part 3
TO SUPPORT FAMILIES WHO HAVE LOST A CHILD TO ENABLE THEM TO AFFORD FUNERAL, MEMORIAL AND NON-MEDICAL END OF LIFE EXPENSES.
TO PROVIDE LOW-INCOME FAMILIES WITH EVERYDAY NEEDS, FROM BASIC LIVING EXPENSES TO SCHOOL SUPPLIES. BACKPACKS WERE HANDED OUT TO THE HOMELESS DURING THE WINTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Mchugh President | 10 | $0 | |
Calece Johnson Treasurer | 2 | $0 | |
Venetia Corson Clerk | 2 | $0 | |
Suzanne Mcdevitt Director | 2 | $0 | |
Krista Demas Director | 2 | $0 | |
Martha Kennedy Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,692 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,705 |
| 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 | $1,800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,497 |
| Total expenses | $47,878 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $178,970 |
| Other assets | $0 |
| Total assets | $180,160 |
| Total liabilities | $0 |
| Net assets or fund balances | $180,160 |