Barry Mccloskey Scholarship Foundation Ltd
- Assets
- $989.4k
- Revenue
- $60.0k
- Investments
- $961.7k
- Employees
- 0
- Location
- North Uxbridge, MA
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 22-2908697
Organization Overview
Barry Mccloskey Scholarship Foundation Ltd is located in North Uxbridge, MA. The organization was established in 0000. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. Barry Mccloskey Scholarship Foundation Ltd 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, Barry Mccloskey Scholarship Foundation Ltd generated $60.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $43.3k during the year ending 12/2022. While expenses have increased by 0.6% per year over the past 8 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.
Since 2015, Barry Mccloskey Scholarship Foundation Ltd has awarded 225 individual grants totaling $785,122. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Gallo President | 0.5 | $0 | |
Rebecca Wise Clerk | 2 | $2,200 | |
Barry P Mccloskey Treasurer | 0.5 | $0 | |
Jay Cahill Director | 0.5 | $0 | |
Chris Stark Director | 0.5 | $0 | |
Michael Cove Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,786 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,186 |
| Capital Gain Net Income | $38,186 |
| Net ST Capital Gain | $41,366 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,972 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,390 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $276 |
| Total operating and administrative expenses | $10,193 |
| Contributions, gifts, grants paid | $33,125 |
| Total expenses and disbursements | $43,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,219 |
| Savings and temporary cash investments | $16,518 |
| 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 | $660,385 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $989,432 |
| 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, Barry Mccloskey Scholarship Foundation Ltd has awarded $116,250 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
KELSEY PRINCE PURPOSE: SCHOLARSHIP | $3,750 |
JASON DULLAHAN PURPOSE: SCHOLARSHIP | $2,500 |
MERIAM ABDEL NOUR PURPOSE: SCHOLARSHIP | $2,500 |
ALEXANDRA WOJCIECHOWSKI PURPOSE: SCHOLARSHIP | $2,500 |
CHRISTIAN OLIVEIRA PURPOSE: SCHOLARSHIP | $2,500 |
DREW GAUTHIER PURPOSE: SCHOLARSHIP | $5,000 |