Drew Mclachlan Memorial Fund
- Assets
- $137.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, NJ
- Founding
- 10/2018
- Data as of
- 12/2021
- 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 12/2021, Drew Mclachlan Memorial Fund generated $67.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 42.2% each year . All expenses for the organization totaled $12.8k during the year ending 12/2021. 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
TO PROPAGATE DREW MCLACHLAN'S MEMORY THROUGH LOCAL SUPPORT OF THE SOMERVILLE NEW JERSEY AREA RECREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Pennimpede Trustee | 0 | $0 | |
Nicholas Stires Treasurer | 0 | $0 | |
Jason Kraska Secretary | 0 | $0 | |
Cathy Stires Trustee | 0 | $0 | |
Susan Proulx Trustee | 0 | $0 | |
John Mclachlan III President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,689 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $57,618 |
| Other Revenue | $0 |
| Total Revenue | $67,307 |
| 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 | $1,920 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,732 |
| Total expenses | $12,787 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $137,645 |
| Other assets | $0 |
| Total assets | $137,645 |
| Total liabilities | $0 |
| Net assets or fund balances | $137,645 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Drew Mclachlan Memorial Fund has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Mondelez International Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $100 |
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