Mccarthy Family Foundation Charitable Tr
- Assets
- $1.3m
- Revenue
- $87.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- Peabody, MA
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 03-6075387
Organization Overview
Mccarthy Family Foundation Charitable Tr is located in Peabody, MA. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mccarthy Family Foundation Charitable Tr 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, Mccarthy Family Foundation Charitable Tr generated $87.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $119.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mccarthy Family Foundation Charitable Tr has awarded 40 individual grants totaling $345,200. 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 |
|---|---|---|---|
Arthur E Mccarthy Trustee | 0 | $0 | |
John M Mccarthy Trustee | 0 | $0 | |
Donna M Mccarthy Trustee | 0 | $0 | |
Arthur T Mccarthy Trustee | 0 | $0 | |
Brian E Mccarthy Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,561 |
| Dividends & Interest | $51,062 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,513 |
| Capital Gain Net Income | $30,513 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $87,136 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,517 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $17,578 |
| Contributions, gifts, grants paid | $102,000 |
| Total expenses and disbursements | $119,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $185,548 |
| 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 | $28,753 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,307,449 |
| 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, Mccarthy Family Foundation Charitable Tr has awarded $102,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CITIZENS INN PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $2,500 |
CAMP HARBOR VIEW FOUNDATION PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $30,000 |
CITY OF PEABODY (FOR SCHOLARSHIPS) PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $20,000 |
FRANCIS OUIMET SCHOLARSHIP FUND PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $10,000 |
MERRIMACK FUND PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $2,500 |
MERRIMACK COLLEGE PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $2,000 |