Glen & Ellen Mclaughlin Foundation
- Assets
- $948.7k
- Revenue
- $41.5k
- Investments
- $919.2k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/1995
- Data as of
- 06/2023
- EIN
- 77-0388864
Organization Overview
Glen & Ellen Mclaughlin Foundation is located in Boston, MA. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. Glen & Ellen Mclaughlin 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 06/2023, Glen & Ellen Mclaughlin Foundation generated $41.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $27.4k during the year ending 06/2023. While expenses have increased by 6.2% 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.
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 |
|---|---|---|---|
Glen Mclaughlin Vp/dir | 1 | $0 | |
Helen E O'rourke President/chairwoman/sec. | 1 | $0 | |
Glen W Mclaughlin Vp/dir | 1 | $0 | |
Brian J O'rourke Jr Vp/dir/treasurer/ass. Sec. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $549 |
| Dividends & Interest | $32,833 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,149 |
| Capital Gain Net Income | $8,149 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,531 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,256 |
| Total operating and administrative expenses | $15,130 |
| Contributions, gifts, grants paid | $12,250 |
| Total expenses and disbursements | $27,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,320 |
| 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 | $250 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $919,168 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $948,738 |
| 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 | $25 |
| Total liabilities | $25 |
Grants Awarded
Over the last fiscal year, Glen & Ellen Mclaughlin Foundation has awarded $12,250 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON COLLEGE LAW SCHOOL ALUMNI DEVELOP PURPOSE: ANNUAL FUND | $750 |
CHOATE ROSEMARY HALL FOUNDATION PURPOSE: ANNUAL FUND | $750 |
CORNELL FUND PURPOSE: ANNUAL FUND FOR COLLEGE OF ARTS & SCIENCES AND COLLEGE OF ENGINEERING | $750 |
DARTMOUTH COLLEGE PURPOSE: ANNUAL FUND | $500 |
GOULD ACADEMY PURPOSE: SCIENCE & TECHNOLOGY ANNUAL FUND | $7,500 |
SILICON VALLEY MONTEREY BAY PURPOSE: ANNUAL FUND | $1,500 |