Lucy C Ayers Memorial Foundation
- Assets
- $709.1k
- Revenue
- $46.5k
- Investments
- $676.4k
- Employees
- 0
- Location
- Westerly, RI
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-4326190
Organization Overview
Lucy C Ayers Memorial Foundation is located in Westerly, RI. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Lucy C Ayers Memorial Foundation 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, Lucy C Ayers Memorial Foundation generated $46.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $61.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lucy C Ayers Memorial Foundation has awarded 29 individual grants totaling $265,502. 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 | $175 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,251 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,027 |
| Capital Gain Net Income | $28,027 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,453 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,327 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,364 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $13,841 |
| Contributions, gifts, grants paid | $47,830 |
| Total expenses and disbursements | $61,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,634 |
| 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 | $0 |
| Total assets | $709,065 |
| 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, Lucy C Ayers Memorial Foundation has awarded $47,830 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SALVE REGINA UNIVERSITY PURPOSE: NURSING PROGRAM | $11,479 |
NEW ENGLAND INSTITUTE OF TECHNOLOGY PURPOSE: NURSING PROGRAM | $957 |
COMMUNITY COLLEGE OF RHODE ISLAND PURPOSE: NURSING PROGRAM | $2,870 |
UNIVERSITY OF RHODE ISLAND PURPOSE: NURSING PROGRAM | $13,392 |
RHODE ISLAND COLLEGE PURPOSE: NURSING PROGRAM | $19,132 |