The Maury Foundation
- Assets
- $90.2k
- Revenue
- $32.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 08/1987
- Data as of
- 12/2017
- EIN
- 54-1396424
Organization Overview
The Maury Foundation is located in Norfolk, VA. The organization was established in 1987. 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. Maury 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 12/2017, Maury Foundation generated $32.0k 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 (23.3%) each year. All expenses for the organization totaled $517.8k during the year ending 12/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COLLEGE SCHOLARSHIPS TO STUDENTS AT MAURY HIGH SCHOOL BASED ON ACADEMIC ACHIEVEMENT AND NEED. PROVIDE FINANCIAL SUPPORT TO MAURY HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO WORTHY STUDENTS FROM MAURY HIGH SCHOOL.
PROVIDE SCHOLARSHIPS TO WORTHY STUDENTS FROM MAURY HIGH SCHOOL.
GRANT TO MAURY HIGH SCHOOL.
GRANT TO MAURY HIGH SCHOOL.
THE FOUDATION DONATED SECURITIES VALUED AT APPROXIMATELY 500,000 TO THE HAMPTON ROADS COMMUNITY FOUNDATION, TO ESTABLISH THE MAURY FOUNDATION FUND. THE FUND IS TO BE HELD AS AN ENDOWMENT TO PROVIDE SCHOLARSHIPS TO MAURY HIGH SCHOOL GRADUATES.
THE FOUDATION DONATED SECURITIES VALUED AT APPROXIMATELY 500,000 TO THE HAMPTON ROADS COMMUNITY FOUNDATION, TO ESTABLISH THE MAURY FOUNDATION FUND. THE FUND IS TO BE HELD AS AN ENDOWMENT TO PROVIDE SCHOLARSHIPS TO MAURY HIGH SCHOOL GRADUATES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Pickrell Director | Trustee | $0 | |
Jennifer A S Pfitzner Treasurer | OfficerTrustee | $0 | |
Cameron Waite Director | Trustee | $0 | |
George L Consolvo Vice Preside | OfficerTrustee | $0 | |
Peggy Beale Ex. Dir. | Trustee | $0 | |
Ryan King President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,054 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,054 |
| Total Program Service Revenue | $0 |
| Investment income | $682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,307 |
| Net Income from Fundraising Events | $929 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,972 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $497,711 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,496 |
| Fees for services: Other | $0 |
| Advertising and promotion | $173 |
| Office expenses | $891 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,896 |
| All other expenses | $0 |
| Total functional expenses | $517,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,238 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $90,238 |
| Accounts payable and accrued expenses | $6,034 |
| 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 | $6,034 |
| Unrestricted restricted net Assets | $84,204 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $84,204 |
Grants Awarded
Over the last fiscal year, The Maury Foundation has awarded $995,422 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MAURY HIGH SCHOOL PURPOSE: UNRESTIRCTED | $5,373 |
HAMPTON ROADS COMMUNITY FOUNDATION PURPOSE: SCHOLARSHIPS | $492,338 |
MAURY HIGH SCHOOL PURPOSE: UNRESTIRCTED | $5,373 |
HAMPTON ROADS COMMUNITY FOUNDATION PURPOSE: SCHOLARSHIPS | $492,338 |