Mercury Wire Products Charitable Foundation
- Assets
- $463.0k
- Revenue
- $13.5k
- Investments
- $418.4k
- Employees
- 0
- Location
- Spencer, MA
- Founding
- 05/1983
- Data as of
- 09/2023
- EIN
- 04-2785455
Organization Overview
Mercury Wire Products Charitable Foundation is located in Spencer, MA. The organization was established in 1983. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercury Wire Products Charitable Foundation 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 09/2023, Mercury Wire Products Charitable Foundation generated $13.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $29.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mercury Wire Products Charitable Foundation has awarded 89 individual grants totaling $178,911. 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 |
|---|---|---|---|
Robert Yard Trustee | 2 | $0 | |
Christopher Yard Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $250 |
| Dividends & Interest | $8,897 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,309 |
| Capital Gain Net Income | $4,309 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,456 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $235 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,623 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $29,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,261 |
| Savings and temporary cash investments | $25,323 |
| 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 | $462,969 |
| 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, Mercury Wire Products Charitable Foundation has awarded $25,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CHIP IN PURPOSE: COMMUNITY | $2,500 |
DARE MASSACHUSETTS PURPOSE: COMMUNITY | $4,000 |
DAVID PROUTY SCHOLARSHIP PURPOSE: EDUCATION | $2,500 |
NAATIONAL PEDIATRIC CANCER SOCIETY PURPOSE: MEDICAL | $250 |
LEUKEMIA RESEARCH FOUNDATION PURPOSE: COMMUNITY | $3,000 |
YOU INC PURPOSE: COMMUNITY | $2,500 |