Mary F Clancy Charities Inc
- Assets
- $829.9k
- Revenue
- $122.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Yonkers, NY
- Founding
- 02/2017
- Data as of
- 05/2022
- EIN
- 31-1690176
Organization Overview
Mary F Clancy Charities Inc is located in Yonkers, NY. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Mary F Clancy Charities 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 05/2022, Mary F Clancy Charities Inc generated $122.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $75.1k during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES GRANTS TO OTHER TAX-EXEMPT ORGANIZATIONS THAT BATTLE AGAINST FAMILY, WOMEN, AND CHILD ABUSE. THE ORGANIZATION ALSO PROVIDES SCHOLARSHIPS TO INNER CITY CATHOLIC SCHOOLS FOR UNDERPRIVILEGED CHILDREN TO BE ABLE TO ATTEND THOSE SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND SCHOLARSHIPS*GRANTS MADE TO NON PROFIT ORGANIZATIONS THAT PROVIDE ASSISTANCE TO FAMILIES, WOMEN AND CHILDREN THAT ARE IN NEED OF PROTECTION FROM MENTAL AND PHYSICAL ABUSE. LOSSES IN THE INVESTMENT AREA PREVENTED THE ORGANIZATION FROM GIVING GRANTS IN THIS SECTION OF THE PURPOSES DURING THIS PERIOD.*SCHOLARSHIPS PROVIDED TO INNER CITY SCHOOLS TO ALLOW UNDERPRIVILEGED CHILDREN TO ATTEND THOSE SCHOOLS.*GRANTS TO OTHER ORGANIZATIONS THAT PROVIDE MENTAL AND PHYSICAL ASSISTANCE TO THE HANDICAPPED AND DISABLED, AND FAMILIES THAT ARE FINANCIALLY DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Voglio President | OfficerTrustee | 30 | $24,997 |
Lillian Piro Romano Treasurer | OfficerTrustee | 1 | $0 |
John Crapanzano Director | Trustee | 1 | $0 |
Vincent Restiano Director | Trustee | 1 | $0 |
Madeline Cavegn Director | Trustee | 1 | $0 |
Cathy Squillini Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,477 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,161 |
| Total Program Service Revenue | $0 |
| Investment income | $24,294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,394 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $122,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,937 |
| Grants and other assistance to domestic individuals. | $10,702 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $32,741 |
| Compensation of current officers, directors, key employees. | $9,822 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,370 |
| Advertising and promotion | $0 |
| Office expenses | $607 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,738 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $75,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,960 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $797,933 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $829,893 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $829,893 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $829,893 |
Grants Awarded
Over the last fiscal year, Mary F Clancy Charities Inc has awarded $25,400 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Mount Vernon, NY PURPOSE: STAGE PRODUCTION SUPPORT, WASHINGTON DC TRIP SUPPORT | $10,000 |
Newburgh, NY PURPOSE: SUMMER PROGRAM SUPPORT | $7,900 |
Mahopac, NY PURPOSE: RECREATION PROGRAM SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |