Michael Mcdermott Memorial Foundation
- Assets
- $5.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Smithtown, NY
- Founding
- Data as of
- 12/2022
- EIN
- 85-1290157
Organization Overview
Michael Mcdermott Memorial Foundation is located in Smithtown, NY. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Michael Mcdermott 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, Michael Mcdermott Memorial Foundation generated $10.1k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $8.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $530 |
| Total Program Service Revenue | $9,517 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,050 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,819 |
| Total expenses | $8,819 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,453 |
| Other assets | $0 |
| Total assets | $5,453 |
| Total liabilities | $0 |
| Net assets or fund balances | $5,453 |
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