Michael And Patricia Scully Family Foundation Inc
- Assets
- $260.8k
- Revenue
- $252.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Jenkintown, PA
- Founding
- 10/2001
- Data as of
- 12/2020
- EIN
- 23-3094249
Organization Overview
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 12/2020, Michael And Patricia Scully Family Foundation Inc generated $252.6k in total revenue. All expenses for the organization totaled $15.3k during the year ending 12/2020. While expenses have increased by 0.6% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Scully President & Director | 0 | $0 | |
Patricia Scully Secretary & Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $252,550 |
| Interest on Savings | $1 |
| 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 | $252,551 |
| 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 | $2,550 |
| Contributions, gifts, grants paid | $12,700 |
| Total expenses and disbursements | $15,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,837 |
| 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 | $260,837 |
| 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, Michael And Patricia Scully Family Foundation Inc has awarded $12,700 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Dresher, PA PURPOSE: TO ENHANCE THE ORGANIZATION'S FACILITIES | $5,000 |
Philadelphia, PA PURPOSE: TO ASSIST IN ENDING HUNGER AND MALNUTRITION IN THE DELAWARE VALLEY | $1,000 |
BLUE WHITE SCHOLARSHIP PURPOSE: TO PROMOTE LEARNING AND GROWTH | $1,000 |
Lafayette Hill, PA PURPOSE: TO PROMOTE THE CONSERVATION AND STEWARDSHIP OF THE WHITEMARSH VALLEY | $500 |
DOCTORS WITHOUT BORDERS PURPOSE: TO SUPPORT MEDICAL AID IN FOREIGN COUNTRIES | $500 |
Elkins Park, PA PURPOSE: TO PROVIDE CARE AND SUPPORT TO LOCAL FAMILIES AFFECTED BY CANCER | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Healthcare Foundation Of New Jersey Inc Millburn, NJ | $201,281,752 | $11,925,991 |
Tr Ua 06162003 New York, NY | $24,153,189 | $17,543,623 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Hillier Family Foundation Akron, OH | $0 | $3,603,112 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Price Family Foundation Inc New York, NY | $4,922,654 | $6,599,359 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Vf Foundation Wilmington, DE | $28,556,217 | $960,441 |
Ruth Lilly Philanthropic Foundation Wilmington, DE | $89,481,864 | $12,222,478 |