Michael And Patricia Scully Family Foundation Inc is located in Jenkintown, PA. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Michael And Patricia Scully Family 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 12/2023, Michael And Patricia Scully Family Foundation Inc generated $13.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $12.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Michael And Patricia Scully Family Foundation Inc has awarded 169 individual grants totaling $139,800. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
| Name (title) | Role | Hours | Compensation | 
|---|---|---|---|
| Michael A Scully President & Director | 0 | $0 | |
| Patricia Scully Secretary & Treasurer | 0 | $0 | 
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 | 
| Interest on Savings | $13 | 
| Dividends & Interest | $0 | 
| Net Rental Income | $0 | 
| Net Gain on Sale of Assets | $0 | 
| Capital Gain Net Income | $0 | 
| Net ST Capital Gain | $0 | 
| Income Modifications | $0 | 
| Profit on Inventory Sales | $0 | 
| Other Income | $0 | 
| Total Revenue | $13 | 
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 | 
| Other employee salaries and wages | $0 | 
| Pension plans, employee benefits | $0 | 
| Interest | $0 | 
| Taxes | $0 | 
| Depreciation | $0 | 
| Occupancy | $0 | 
| Travel, conferences, and meetings | $0 | 
| Printing and publications | $0 | 
| Other expenses | $0 | 
| Total operating and administrative expenses | $0 | 
| Contributions, gifts, grants paid | $12,600 | 
| Total expenses and disbursements | $12,600 | 
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,612 | 
| Savings and temporary cash investments | $0 | 
| 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 | $0 | 
| Net Land, buildings, and equipment | $0 | 
| Other assets | $0 | 
| Total assets | $209,612 | 
| 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 | 
Over the last fiscal year, Michael And Patricia Scully Family Foundation Inc has awarded $12,600 in support to 21 organizations.
| Grant Recipient | Amount | 
|---|---|
| REBUILDING TOGETHER PURPOSE: TO PROVIDE ASSISTANCE FOR IMPROVING THE HOMES AND LIVES OF LOW-INCOME HOMEOWNERS | $300 | 
| OPERATION SMILE PURPOSE: TO ASSIST IN PROVIDING CARE FOR CHILDREN BORN WITH A CLEFT | $300 | 
| PHILABUNDANCE PURPOSE: TO ASSIST IN ENDING HUNGER AND MALNUTRITION IN THE DELAWARE VALLEY | $1,000 | 
| DOCTORS WITHOUT BORDERS PURPOSE: TO SUPPORT MEDICAL AID IN FOREIGN COUNTRIES | $500 | 
| ALSAC ST JUDE PURPOSE: TO HELP FUND THE OPERATION AND MAINTENANCE OF THE HOSPITAL | $500 | 
| COVENANT HOUSE PURPOSE: TO PROVIDE HEALTH SERVICES TO PEOPLE RESIDING IN THE GREATER GERMANTOWN COMMUNITIES AND NORTHWEST PHILADELPHIA | $300 |