Marty Meehan Educational Foundation Inc

Organization Overview

Marty Meehan Educational Foundation Inc is located in Lowell, MA. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marty Meehan Educational Foundation 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 12/2021, Marty Meehan Educational Foundation Inc generated $340.9k 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 (39.7%) each year. All expenses for the organization totaled $215.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Marty Meehan Educational Foundation Inc has awarded 47 individual grants totaling $1,055,800. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ADVANCE ACCESS TO EDUCATION THROUGH THE PROVISIONS OF SCHOLARSHIPS & FINANCIAL SUPPORT & TO PROVIDE GRANTS AND SUPPORT TO CHARITABLE ORGANIZATIONS & EDUCATIONAL INSTITUTIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ADVANCE ACCESS TO EDUCATION THROUGH THE PROVISIONS OF SCHOLARSHIPS & FINANCIAL SUPPORT & TO PROVIDE GRANTS AND SUPPORT TO CHARITABLE ORGANIZATIONS & EDUCATIONAL INSTITUTIONS.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $28
Dividends & Interest $104,294
Net Rental Income$0
Net Gain on Sale of Assets $236,612
Capital Gain Net Income $236,612
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $340,934

Grants Awarded

Over the last fiscal year, Marty Meehan Educational Foundation Inc has awarded $173,500 in support to 11 organizations.

Grant RecipientAmount

UMASS AMHERST

PURPOSE: CHARITABLE.

$100,000

BOYS AND GIRLS CLUB OF GREATER LOWELL

Org PageRecipient Profile

Lowell, MA

PURPOSE: CHARITABLE.

$11,000

THE BASE

PURPOSE: CHARITABLE.

$10,000

KING BOSTON FUND

PURPOSE: CHARITABLE.

$10,000

Groton, MA

PURPOSE: CHARITABLE.

$10,000

THE NEW ENGLAND PATRIOTS FOUNDATION

PURPOSE: CHARITABLE.

$10,000
View Grant Profile

Peer Organizations

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