Town Of Medley Foundation Inc
- Assets
- $41.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Medley, FL
- Founding
- 10/1998
- Data as of
- 09/2021
- EIN
- 31-1611414
Organization Overview
Town Of Medley Foundation Inc is located in Medley, FL. The organization was established in 1998. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Town Of Medley 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 09/2021, Town Of Medley Foundation Inc generated $26.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $38.5k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
COLLEGE SCHOLARSHIPS PROGRAM: THE FOUNDATION SUBSIDIZES A PROGRAM TO ALL STUDENTS RESIDING IN THE TOWN OF MEDLEY THAT MEET CERTAIN REQUIREMENTS. THE SCHOLARSHIPS ARE AWARDED TO HIGH SCHOOL GRADUATES FOR EACH COLLEGE TERM THEY ATTEND UP TO A MAXIMUM OF $800 PER TERM AND WITH A LIFETIME MAXIMUM OF $6,400. THERE IS NO CHARGE TO APPLY AND THE STUDENT MUST MAINTAIN CERTAIN ACADEMIC LEVELS TO CONTINUE TO QUALIFY. THE GRANT MUST BE USED TO DEFER COLLEGE COSTS ONLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberto Martell President | 1 | $0 | |
Ana L Stefano Director | 1 | $0 | |
Edgar Ayala Director | 1 | $0 | |
Ivan Pacheco Director | 1 | $0 | |
Lizelh Ayala Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,841 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $81 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,922 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $267 |
| Total expenses | $38,467 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,346 |
| Other assets | $0 |
| Total assets | $41,346 |
| Total liabilities | $400 |
| Net assets or fund balances | $40,946 |
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