Memton Fund Inc
- Assets
- $11.0m
- Revenue
- $1.3m
- Investments
- $9.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/1938
- Data as of
- 12/2023
- EIN
- 13-6096608
Organization Overview
Memton Fund Inc is located in Wilmington, DE. The organization was established in 1938. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Memton Fund 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 12/2023, Memton Fund Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $718.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Memton Fund Inc has awarded 683 individual grants totaling $3,025,169. 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 |
|---|---|---|---|
Frank B Arisman Dir, Assistant Treas | 1 | $0 | |
Mary Ann Arisman Dir, Assistant Sec | 1 | $0 | |
Elizabeth Drumwright Dir | 1 | $0 | |
Robert V Edgar Dir | 1 | $0 | |
E 'shepi' Shepard Farrar Dir, Pres | 2 | $0 | |
Ellen W Levy Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $44,180 |
| Dividends & Interest | $342,353 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $955,347 |
| Capital Gain Net Income | $955,347 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,105 |
| Total Revenue | $1,346,985 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,887 |
| Interest | $0 |
| Taxes | $5,367 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,890 |
| Printing and publications | $8,635 |
| Other expenses | $44,132 |
| Total operating and administrative expenses | $136,109 |
| Contributions, gifts, grants paid | $582,250 |
| Total expenses and disbursements | $718,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $953,342 |
| Net Accounts receivable | $1,000,000 |
| 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 | $638,461 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,007,651 |
| 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, Memton Fund Inc has awarded $582,250 in support to 133 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES FOR ACADEMIC EXCELLENCE IN EDUCATION INC PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
ACLU FOUNDATION OF MASSACHUSETTS INC PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
AFRICAN WILDLIFE FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
ALASKA CONSERVATION FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $8,000 |
AKASHINGA INC PURPOSE: GENERAL & UNRESTRICTED | $8,000 |
ALCOHOL AND DRUG COUNCIL OF TOMPKINS COUNTY INC PURPOSE: TO PROVIDE CLIENTELE WITH A MORE HOME LIKE ENVIRONMENT AND MAKE THE HOSPITAL TREATMENT CENTER MORE WELCOMING FUND | $10,000 |