Mary Owen Borden Memorial Fund
- Assets
- $10.9m
- Revenue
- $1.5m
- Investments
- $10.0m
- Employees
- 0
- Location
- Rumson, NJ
- Founding
- 07/1936
- Data as of
- 12/2021
- EIN
- 13-6137137
Organization Overview
Mary Owen Borden Memorial Fund is located in Rumson, NJ. The organization was established in 1936. 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. Mary Owen Borden Memorial Fund 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, Mary Owen Borden Memorial Fund generated $1.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $763.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mary Owen Borden Memorial Fund has awarded 96 individual grants totaling $1,384,631. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Quincy As Mckean III Executive Director | 7 | $65,000 | |
Linda B Mckean President | 0.5 | $0 | |
Vince Myers Trustee | 0.5 | $0 | |
Paul Mcevily Trustee | 0.5 | $0 | |
Julie Kennedy Secretary | 0.5 | $0 | |
Zoe Bunnell Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $72,277 |
| Dividends & Interest | $151,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,259,667 |
| Capital Gain Net Income | $1,259,667 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,482,970 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,344 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,110 |
| Total operating and administrative expenses | $194,780 |
| Contributions, gifts, grants paid | $568,977 |
| Total expenses and disbursements | $763,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,045 |
| Savings and temporary cash investments | $837,456 |
| 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 | $1,134,329 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $18,649 |
| Total assets | $10,948,738 |
| 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, Mary Owen Borden Memorial Fund has awarded $568,977 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
MONMOUTH MEDICAL CENTER PURPOSE: FOR OPERATIONS | $34,770 |
PLANNED PARENTHOOD CENTRAL NJ PURPOSE: FOR OPERATIONS | $30,000 |
Asbury Park, NJ PURPOSE: FOR OPERATIONS | $27,000 |
Trenton, NJ PURPOSE: FOR OPERATIONS | $15,000 |
ASLAN YOUTH MINISTRIES PURPOSE: FOR OPERATIONS | $15,000 |
BIG BROTHERS BIG SISTERS ASBURY PURPOSE: FOR OPERATIONS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |