Michael E Mccarthy Scholarship Fund
- Assets
- $359.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, RI
- Founding
- 02/2006
- Data as of
- 12/2020
- EIN
- 20-1817405
Organization Overview
Michael E Mccarthy Scholarship Fund is located in Newport, RI. The organization was established in 2006. 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. Michael E Mccarthy Scholarship 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 12/2020, Michael E Mccarthy Scholarship Fund generated $16.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $19.2k during the year ending 12/2020. While expenses have increased by 10.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Mccarthy President | 4 | $0 | |
Linda Mitchell Director | 4 | $0 | |
Rian Mccarthy Director | 4 | $0 | |
Kristen Lyon Director | 4 | $0 | |
Carrie Mitchell Kolb Secretary | 4 | $0 | |
Leonidas Amarant Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,170 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $16,170 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $210 |
| Printing, publications, postage, and shipping | $630 |
| Other expenses | $0 |
| Total expenses | $19,215 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $359,363 |
| Other assets | $0 |
| Total assets | $359,363 |
| Total liabilities | $0 |
| Net assets or fund balances | $359,363 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Michael E Mccarthy Scholarship Fund has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |
Thrive Scholars Boston, MA | $14,006,320 | $13,719,971 |
Boston Latin School Association Boston, MA | $71,373,277 | -$8,021,699 |
Feigenbaum Foundation Inc Pittsfield, MA | $77,550,637 | $8,621,230 |
Bpe Roxbury, MA | $4,024,536 | $5,203,233 |
The Francis Ouimet Scholarship Fund Inc Norton, MA | $27,290,373 | $6,126,185 |
Seed Global Health Inc Boston, MA | $17,125,826 | $3,834,795 |
Adopt-A-Student Foundation Boston, MA | $35,377,425 | $24,201,045 |
Garden Homes Fund Stamford, CT | $20,595,820 | $4,598,282 |