Mcewen Scholarship Fund At Modern Group Ltd
- Assets
- $2.0m
- Revenue
- $101.7k
- Investments
- $1.9m
- Employees
- 0
- Location
- Bristol, PA
- Founding
- 10/2008
- Data as of
- 12/2022
- EIN
- 26-2801096
Organization Overview
Mcewen Scholarship Fund At Modern Group Ltd is located in Bristol, PA. 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. Mcewen Scholarship Fund At Modern Group 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, Mcewen Scholarship Fund At Modern Group Ltd generated $101.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $153.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mcewen Scholarship Fund At Modern Group Ltd has awarded 27 individual grants totaling $471,950. 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 |
|---|---|---|---|
David E Griffith President/director | 1 | $0 | |
Robin Dewees Secretary/treasurer | 1 | $0 | |
Raymond Wiley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $186 |
| Dividends & Interest | $63,338 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,139 |
| Capital Gain Net Income | $38,139 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,663 |
| 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 | $28,592 |
| Contributions, gifts, grants paid | $124,450 |
| Total expenses and disbursements | $153,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $56,256 |
| 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 | $1,941,046 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,997,301 |
| 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, Mcewen Scholarship Fund At Modern Group Ltd has awarded $124,450 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF NATURAL SCIENCES PURPOSE: GRANT TO ANOTHER 501(C)(3) ORGANIZATION | $50,000 |
EPISCOPAL COMMUNITY SERVICES OF PHILADELPHIA PURPOSE: GRANT TO ANOTHER 501(C)(3) ORGANIZATION | $50,000 |
INTERNATIONAL SCHOLARSHIP & TUITION SERVICES PURPOSE: GRANT TO ANOTHER 501(C)(3) ORGANIZATION | $11,950 |
MEDFORD VINCENTOWN ROTARY FOUNDATION PURPOSE: GRANT TO ANOTHER 501(C)(3) ORGANIZATION | $2,500 |
CHILDREN FIRST PA PURPOSE: GRANT TO ANOTHER 501(C)(3) ORGANIZATION | $10,000 |