Maurice Romy Foundation Inc
- Assets
- $3.7m
- Revenue
- $163.8k
- Investments
- $3.6m
- Employees
- 0
- Location
- Bensalem, PA
- Founding
- 11/2006
- Data as of
- 12/2022
- EIN
- 20-4204376
Organization Overview
Maurice Romy Foundation Inc is located in Bensalem, PA. The organization was established in 2006. 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. Maurice Romy Foundation 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 12/2022, Maurice Romy Foundation Inc generated $163.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $296.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Maurice Romy Foundation Inc has awarded 49 individual grants totaling $562,574. 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 |
|---|---|---|---|
Aiden Flatley President | 4 | $24,800 | |
Edward Froelich Jr Vice President | 4 | $24,800 | |
Carol Spence Co-Trustee | 4 | $4,800 | |
Kimberly O'doherty Co-Trustee | 4 | $4,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $84,321 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,480 |
| Capital Gain Net Income | $79,480 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $163,801 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $59,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $14,800 |
| Interest | $0 |
| Taxes | $18,243 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,985 |
| Total operating and administrative expenses | $160,572 |
| Contributions, gifts, grants paid | $136,079 |
| Total expenses and disbursements | $296,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,224 |
| Savings and temporary cash investments | $69,336 |
| 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 | $1,247,821 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,693,558 |
| 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, Maurice Romy Foundation Inc has awarded $136,079 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
JOHN WISTER ELEMENTARY SCHOOL PURPOSE: COMPUTER EQUIPMENT | $13,000 |
ST VERONICA SCHOOL PURPOSE: PURCHASE COMPUTERS | $10,335 |
DR ETHEL ALLEN ELEMENTARY SCHOOL PURPOSE: CLASSROOM MATERIALS | $9,018 |
COOK-WISSAHICKON SCHOOL PURPOSE: ROBOTIC & HYDROPONIC | $10,127 |
ST MARTIN OF TOURS CATHOLIC SCHOOL PURPOSE: SMARTBOARDS | $11,738 |
ST GEORGE INDEPENDENT CATHOLIC SCHOOL PURPOSE: SETUP PRE-K LIBRARY | $13,200 |