Edward J & Deborah B Brennan Tr Fbo Mclrc 72-01-101-0760108
- Assets
- $162.6k
- Revenue
- $10.2k
- Investments
- $160.5k
- Employees
- 0
- Location
- Hopkinton, MA
- Founding
- 05/2007
- Data as of
- 11/2023
- EIN
- 59-7250338
Organization Overview
Edward J & Deborah B Brennan Tr Fbo Mclrc 72-01-101-0760108 is located in Hopkinton, MA. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Edward J & Deborah B Brennan Tr Fbo Mclrc 72-01-101-0760108 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 11/2023, Edward J & Deborah B Brennan Tr Fbo Mclrc 72-01-101-0760108 generated $10.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $7.3k during the year ending 11/2023. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
THE SOLE CHARITABLE ACTIVITY OF THIS ORGANIZATION IS THE MAKING OF CONTRIBUTIONS AND GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS. NO DIRECT CHARITABLE ACTIVITES ARE CONDUCTED.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,307 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,875 |
| Capital Gain Net Income | $4,875 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,182 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,093 |
| Contributions, gifts, grants paid | $4,173 |
| Total expenses and disbursements | $7,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,075 |
| 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 | $162,560 |
| 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 | $1,875 |
| Total liabilities | $1,875 |
Grants Awarded
Over the last fiscal year, Edward J & Deborah B Brennan Tr Fbo Mclrc 72-01-101-0760108 has awarded $29,108 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MICHAEL LISNOW RESPITE CENTER PURPOSE: UNRESTRICTED DONATION | $10,320 |
MICHAEL LISNOW RESPITE CENTER PURPOSE: UNRESTRICTED DONATION | $18,788 |