Mcguire Memorial Rare Book Foundation Incorporated
- Assets
- $48.3k
- Revenue
- $50.8k
- Investments
- $0.0
- Employees
- 0
- Location
- East Rockaway, NY
- Founding
- Data as of
- 12/2021
- EIN
- 88-1348458
Organization Overview
Mcguire Memorial Rare Book Foundation Incorporated is located in East Rockaway, NY. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcguire Memorial Rare Book Foundation Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THIS CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MORE SPECIFICALLY, THIS CORPORATION EXISTS FOR THE PURPOSE OF MAINTAINING A COLLECTION OF RARE CATHOLIC BOOKS AND MAKING THE CONTENTS OF THE COLLECTION AVAILABLE FREE OF CHARGE TO THE PUBLIC, IN PARTICULAR TO CATHOLIC PARISHES, CHAPELS, SCHOOLS, AND INTERESTED INDIVIDUALS, IN FURTHERANCE OF THE EDUCATION OF THE PUBLIC IN THE CATHOLIC THEOLOGICAL, MORAL AND LITERARY TRADITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION'S MISSION IS TO MAINTAIN A COLLECTION OF RARE CATHOLIC BOOKS, PERIODICALS, PAMPHLETS, AUDIO TAPES, AND VIDEO TAPES AND TO MAKE THOSE MATERIALS AVAILABLE FREE OF CHARGE TO THE PUBLIC, IN PARTICULAR TO CATHOLIC PARISHES, CHAPELS, SCHOOLS, AND INTERESTED INDIVIDUALS IN FURTHERANCE OF THE EDUCATION OF THE PUBLIC IN THE CATHOLIC THEOLOGICAL, MORAL, AND LITERARY TRADITIONS. THE ORGANIZATION WAS FOUNDED ON 12/29/2021 AND RECEIVED ITS INITIAL DONATION OF THOSE MATERIALS ON 12/30/2021. THE SOLE ACTIVITY IN 2021 WAS INCORPORATION. OTHER PROGRAMS BEGIN IN CALENDAR 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen M Mcguire Vice President And Treasurer | Officer | 1 | $0 |
Daniel P Mcguire Vice President & Secretary | Officer | 1 | $0 |
Kieran J Mcguire CEO & President | Officer | 15 | $0 |
Thomas M Mcguire Vice President, Asst Treasurer, Asst Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,802 |
| Noncash contributions included in lines 1a–1f | $48,291 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,802 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,802 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,511 |
| Total functional expenses | $2,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $48,291 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,291 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $48,291 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $48,291 |
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