Sean Patrick Mcgrath Family Foundation
- Assets
- $324.5k
- Revenue
- -$266.0
- Investments
- $309.4k
- Employees
- 0
- Location
- Natick, MA
- Founding
- Data as of
- 12/2023
- EIN
- 85-3862019
Organization Overview
Sean Patrick Mcgrath Family Foundation is located in Natick, MA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sean Patrick Mcgrath Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Sean Patrick Mcgrath Family Foundation has awarded 20 individual grants totaling $406,331. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean P Mcgrath Trustee | 0.25 | $0 | |
David J Mcgrath IV Trustee | 0.25 | $0 | |
James P Mcgrath Trustee | 0.25 | $0 | |
Kevin J Mcgrath Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $191 |
| Dividends & Interest | $7,576 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,568 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,535 |
| Total Revenue | -$266 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $1,926 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $36,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,630 |
| Savings and temporary cash investments | $2,533 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $324,539 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sean Patrick Mcgrath Family Foundation has awarded $34,430 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSROADS INC PURPOSE: GENERAL SUPPORT | $5,430 |
FOUNDATION FOR METROWEST PURPOSE: GENERAL SUPPORT | $5,000 |
RON BURTON TRAINING VILLAGE PURPOSE: GENERAL SUPPORT | $1,000 |
THE CATHOLIC SCHOOLS FOUNDATION PURPOSE: BUILDING MINDS SCHOLARSHIP FUND | $20,000 |
THE MEADOWBROOK SCHOOL PURPOSE: GENERAL SUPPORT | $3,000 |