Edward J Madden Memorial Open is located in Dalton, MA. The organization was established in 1962. 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. Edward J Madden Memorial Open 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 03/2023, Edward J Madden Memorial Open generated $170.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $292.1k during the year ending 03/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN AND RUN A CAMP FOR CHILDREN WHO HAVE SURVIVED OPEN HEART SURGERY.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick J Farrell III President | 0 | $0 | |
Maureen O'connell-Atwood Treasurer | 0 | $0 | |
Dennis Eagan Clerk | 0 | $0 | |
Alan Goldberg PHD Director | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $167,966 |
| Interest on Savings | $1,994 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $169,960 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $114,538 |
| Pension plans, employee benefits | $20,114 |
| Interest | $1,105 |
| Taxes | $483 |
| Depreciation | $26,986 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $117,624 |
| Total operating and administrative expenses | $292,073 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $292,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $530,741 |
| 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 | $9,086 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $815,333 |
| Other assets | $0 |
| Total assets | $1,355,160 |
| Accounts payable and accrued expenses | $13,221 |
| 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 | $268 |
| Total liabilities | $13,489 |