Mary Owen Borden Memorial Fund
- Assets
- $10.7m
- Revenue
- $755.1k
- Investments
- $10.4m
- Employees
- 0
- Location
- Rumson, NJ
- Founding
- 07/1936
- Data as of
- 12/2023
- 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 12/2023, Mary Owen Borden Memorial Fund generated $755.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $817.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mary Owen Borden Memorial Fund has awarded 189 individual grants totaling $2,787,270. 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 |
|---|---|---|---|
Vince Myers Trustee | 0.5 | $0 | |
Quincy As Mckean III Executive Director | 7 | $65,000 | |
Julie Kennedy Secretary | 0.5 | $0 | |
Paul Mcevily Trustee | 0.5 | $0 | |
Zoe Bunnell Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $89,683 |
| Dividends & Interest | $197,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $468,181 |
| Capital Gain Net Income | $468,181 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $755,119 |
| 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 | $7,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,367 |
| Total operating and administrative expenses | $177,166 |
| Contributions, gifts, grants paid | $639,993 |
| Total expenses and disbursements | $817,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,965 |
| Savings and temporary cash investments | $293,886 |
| 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 | $350,543 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,706,928 |
| 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 $639,993 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
180 TURNING LIVES AROUND PURPOSE: FOR OPERATIONS | $15,000 |
AMERICAN LITTORAL SOCIETY PURPOSE: FOR OPERATIONS | $5,000 |
AMERICAN RED CROSS PURPOSE: FOR OPERATIONS | $15,000 |
ANSWER PURPOSE: FOR OPERATIONS | $10,000 |
ARM IN ARM PURPOSE: FOR OPERATIONS | $15,000 |
ARTS COUNCIL OF PRINCETON PURPOSE: FOR OPERATIONS | $15,000 |