The Melanie Foundation Inc
- Assets
- $666.7k
- Revenue
- $19.9k
- Investments
- $659.9k
- Employees
- 0
- Location
- Saratoga Springs, NY
- Founding
- 02/2007
- Data as of
- 12/2023
- EIN
- 41-2192968
Organization Overview
The Melanie Foundation Inc is located in Saratoga Springs, NY. The organization was established in 2007. 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. Melanie 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 12/2023, Melanie Foundation Inc generated $19.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $20.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (17.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Melanie Foundation Inc has awarded 49 individual grants totaling $176,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIP AWARDS
NON PROFIT ORGANIZATION AWARDS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Sanita Director | 2 | $0 | |
Kara Waters Director | 2 | $0 | |
Maria Maurer Director | 2 | $0 | |
Jennifer Sarver Director | 1 | $0 | |
Courtney Huff Director | 1 | $0 | |
George O'donnell President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $4 |
| Dividends & Interest | $19,426 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,930 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $492 |
| Depreciation | $0 |
| Occupancy | $1,800 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $248 |
| Other expenses | $396 |
| Total operating and administrative expenses | $2,936 |
| Contributions, gifts, grants paid | $17,500 |
| Total expenses and disbursements | $20,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448 |
| Savings and temporary cash investments | $6,150 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $200 |
| Total assets | $666,687 |
| Accounts payable and accrued expenses | $103 |
| 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 | $103 |
Grants Awarded
Over the last fiscal year, The Melanie Foundation Inc has awarded $17,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AYANA CULHANE PURPOSE: MENTAL HEALTH EDUCATION | $3,000 |
MALLORY MIZVITOWICZ PURPOSE: MENTAL HEALTH EDUCATION | $5,000 |
ALICIA QUAYSON PURPOSE: MENTAL HEALTH EDUCATION | $3,000 |
IBRAHEEM AHMAD PURPOSE: MENTAL HEALTH EDUCATION | $3,000 |
MATTHEW BADE PURPOSE: MENTAL HEALTH EDUCATION | $3,000 |
TOGA TOILETRIES PURPOSE: STUDENT SUPPORT | $500 |