Drew Mclachlan Memorial Fund
- Assets
- $93.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, NJ
- Founding
- 10/2018
- Data as of
- 12/2022
- EIN
- 83-0597039
Organization Overview
Drew Mclachlan Memorial Fund is located in Somerville, NJ. The organization was established in 2018. According to its NTEE Classification (P30) the organization is classified as: Children & Youth 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. Drew Mclachlan Memorial Fund 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, Drew Mclachlan Memorial Fund generated $37.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $82.0k 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 Program Activity:
Part 3
TO PROPAGATE DREW MCLACHLAN'S MEMORY THROUGH LOCAL SUPPORT OF THE SOMERVILLE NEW JERSEY AREA RECREATION. DURING THE 2022 TAX YEAR, A 2,012 SCHOLARSHIP WAS GIVEN TO COLIN SHEELEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Proulx Trustee | 2 | $0 | |
John Mclachlan III President | 2 | $0 | |
Jason Kraska Secretary | 2 | $0 | |
Nicholas Stires Treasurer | 2 | $0 | |
Melissa Schipke Vice Preside | 2 | $0 | |
Cathy Stires Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,564 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $35,252 |
| Other Revenue | $0 |
| Total Revenue | $37,816 |
| 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 | $1,285 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $276 |
| Other expenses | $1,366 |
| Total expenses | $82,009 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $93,452 |
| Other assets | $0 |
| Total assets | $93,452 |
| Total liabilities | $0 |
| Net assets or fund balances | $93,452 |