Margaret A Mcgrath Charitable Foundation Scholarship Fund
- Assets
- $2.8m
- Revenue
- -$8.0k
- Investments
- $2.6m
- Employees
- 0
- Location
- Brockport, NY
- Founding
- 10/2004
- Data as of
- 12/2022
- EIN
- 20-6228522
Organization Overview
Margaret A Mcgrath Charitable Foundation Scholarship Fund is located in Brockport, NY. The organization was established in 2004. 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. Margaret A Mcgrath Charitable Foundation 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.
Since 2020, Margaret A Mcgrath Charitable Foundation Scholarship Fund has awarded 51 individual grants totaling $231,000. 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 |
|---|---|---|---|
Richard J Dollard Trustee | 10 | $4,772 | |
Thomas E Kubus Trustee | 10 | $4,772 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $61 |
| Dividends & Interest | $70,638 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$78,726 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$8,027 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $63,732 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $27 |
| Taxes | $14,314 |
| Depreciation | $0 |
| Occupancy | $4,461 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,689 |
| Total operating and administrative expenses | $119,398 |
| Contributions, gifts, grants paid | $93,000 |
| Total expenses and disbursements | $212,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,513 |
| Savings and temporary cash investments | $220,449 |
| 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 | $2,555,118 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,125 |
| Total assets | $2,787,205 |
| 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, Margaret A Mcgrath Charitable Foundation Scholarship Fund has awarded $93,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
WILSON HUANG PURPOSE: SCHOLARSHIP | $8,000 |
CORA ROSE PURPOSE: SCHOLARSHIP | $8,000 |
CORMAC SULLIVAN PURPOSE: SCHOLARSHIP | $7,000 |
LANEY SODOMA PURPOSE: SCHOLARSHIP | $7,000 |
ABBIGAIL STEPANEK PURPOSE: SCHOLARSHIP | $6,000 |
JENNA MCNULTY PURPOSE: SCHOLARSHIP | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |