Harry E Malcarne & Florence G Malcarne Chharitable Scholarship T
- Assets
- $1.2m
- Revenue
- $56.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Essex, CT
- Founding
- Data as of
- 12/2022
- EIN
- 30-6664352
Organization Overview
Harry E Malcarne & Florence G Malcarne Chharitable Scholarship T is located in Essex, CT. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Harry E Malcarne & Florence G Malcarne Chharitable Scholarship T 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, Harry E Malcarne & Florence G Malcarne Chharitable Scholarship T generated $56.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (65.0%) each year. All expenses for the organization totaled $115.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Harry E Malcarne & Florence G Malcarne Chharitable Scholarship T has awarded 14 individual grants totaling $142,700. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,243 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,958 |
| Capital Gain Net Income | $18,958 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,948 |
| Total Revenue | $56,149 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,628 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $390 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,528 |
| Contributions, gifts, grants paid | $97,700 |
| Total expenses and disbursements | $115,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,196,568 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,196,568 |
| 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, Harry E Malcarne & Florence G Malcarne Chharitable Scholarship T has awarded $97,700 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
QUINNIPIAC UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |
SACRED HEART UNIVERSITY PURPOSE: SCHOLARSHIP | $7,270 |
ENDICOTT COLLEGE PURPOSE: SCHOLARSHIP | $5,000 |
THE UNIVERSITY OF SAINT JOSEPH'S PURPOSE: SCHOLARSHIP | $10,000 |
UNIVERSITY OF CONNECTICUT PURPOSE: SCHOLARSHIP | $19,540 |
UNIVERSITY OF NEW HAMPSHIRE PURPOSE: SCHOLARSHIP | $7,270 |