Dr Calvin Martin Memorialscholarship Fund
- Assets
- $3.2m
- Revenue
- $721.5k
- Investments
- $3.1m
- Employees
- 0
- Location
- Hartsdale, NY
- Founding
- 02/2008
- Data as of
- 12/2021
- 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 12/2021, Dr Calvin Martin Memorialscholarship Fund generated $721.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $181.1k during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 4 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 2019, Dr Calvin Martin Memorialscholarship Fund has awarded 57 individual grants totaling $392,000. 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 |
|---|---|---|---|
Marian Fraser-Richardson President | 15 | $20,517 | |
Ivor Richardson Treasurer | 10 | $3,862 | |
William L Carbonari ESQ Fiduciary | 5 | $1,654 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $78,780 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $642,465 |
| Capital Gain Net Income | $642,465 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $261 |
| Total Revenue | $721,506 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,033 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,189 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $981 |
| Total operating and administrative expenses | $81,125 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $181,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,618 |
| 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 | $558,019 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,223,544 |
| 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 $100,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CORNELL UNIVERSITY PURPOSE: SCHOLARSHIPS | $20,000 |
NEW YORK UNIVERSITY PURPOSE: SCHOLARSHIPS | $15,000 |
Cambridge, MA PURPOSE: SCHOLARSHIPS | $10,000 |
BROWN UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |
New York, NY PURPOSE: SCHOLARSHIP | $5,000 |
COLUMBIA UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |
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 |