Lydia E Pinkham Memorial Inc
- Assets
- $3.1m
- Revenue
- $120.1k
- Investments
- $2.7m
- Employees
- 0
- Location
- Salem, MA
- Founding
- 06/1939
- Data as of
- 12/2022
- EIN
- 04-2104836
Organization Overview
Lydia E Pinkham Memorial Inc is located in Salem, MA. The organization was established in 1939. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lydia E Pinkham Memorial Inc 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, Lydia E Pinkham Memorial Inc generated $120.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.8%) each year. All expenses for the organization totaled $127.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNTIL WE RESTAFF OUR CLINIC, OUR TEMPORARY CHARITABLE ACTIVITY HAS BEEN DONATING TO THE BEST LOCAL CHARITIES WE COULD FIND: SHRINERS HOSPITALS FOR CHILDREN & THE SALEM PANTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen N Doty President | 30 | $30,000 | |
Nancy Mackenney Clerk | 1 | $5,700 | |
Brian Burns Director/clerk | 1 | $1,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $70,650 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,444 |
| Capital Gain Net Income | $49,444 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,094 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,550 |
| Other employee salaries and wages | $5,280 |
| Pension plans, employee benefits | $10,739 |
| Interest | $0 |
| Taxes | $1,737 |
| Depreciation | $3,502 |
| Occupancy | $15,187 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,316 |
| Total operating and administrative expenses | $87,631 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $127,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,120 |
| Savings and temporary cash investments | $114,166 |
| 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 | $2,230,658 |
| Net Land, buildings, and equipment | $75,188 |
| Other assets | $1,091 |
| Total assets | $3,145,839 |
| 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 | $1,328 |
| Total liabilities | $1,328 |
Grants Awarded
Over the last fiscal year, Lydia E Pinkham Memorial Inc has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SHRINERS HOSPITALS FOR CHILDREN PURPOSE: TO FUND MEDICAL CARE TO POOR CHILDREN WITH SEVERE BURNS. | $10,000 |
THE SALEM PANTRY PURPOSE: TO HELP FUND FOOD PURCHASE AND DISTRIBUTION TO POOR FAMILIES IN SALEM MA. | $30,000 |