Dr Calvin Martin Memorialscholarship Fund
- Assets
- $2.8m
- Revenue
- $72.7k
- Investments
- $2.8m
- Employees
- 0
- Location
- Hartsdale, NY
- Founding
- 02/2008
- Data as of
- 12/2023
- EIN
- 26-0173217
Organization Overview
Dr Calvin Martin Memorialscholarship Fund is located in Hartsdale, NY. The organization was established in 2008. 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. Dr Calvin Martin Memorialscholarship Fund 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, Dr Calvin Martin Memorialscholarship Fund generated $72.7k 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 (15.3%) each year. All expenses for the organization totaled $215.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Dr Calvin Martin Memorialscholarship Fund has awarded 78 individual grants totaling $553,453. 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 |
|---|---|---|---|
Ivor Richardson Treasurer | 10 | $5,720 | |
Marian Fraser-Richardson President | 15 | $28,172 | |
William L Carbonari ESQ Fiduciary | 5 | $2,452 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $89,910 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,180 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,730 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,344 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,513 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $814 |
| Total operating and administrative expenses | $89,044 |
| Contributions, gifts, grants paid | $126,500 |
| Total expenses and disbursements | $215,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,170 |
| 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 | $573,727 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,835,868 |
| 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, Dr Calvin Martin Memorialscholarship Fund has awarded $126,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |
MASSACHUSETTS INSTITUTE OF TECHNOLO PURPOSE: SCHOLARSHIP | $5,000 |
THE CITY COLLEGE OF NY PURPOSE: SCHOLARSHIP | $2,500 |
RENSSELAER POLYTECHNIC INSTITUTE PURPOSE: SCHOLARSHIP | $10,000 |
CORNELL UNIVERSITY PURPOSE: SCHOLARSHIP | $30,000 |
ROCHESTER INSTITUTE OF TECHNOLOGY PURPOSE: SCHOLARSHIP | $5,000 |