Form 990 for tax year 2023
Filed by MICHAEL C MCHUGH MEMORIAL FUND INC.
Totals
- Total revenue
- $303,375
- Total expenses
- $73,033
- Contributions and grants received
- $294,205
- Grants paid
- $67,935
- Program service revenue
- $0
- Investment income
- $9,170
- Other revenue
- $0
- Total assets, end of year
- $409,369
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $409,369
- Program services expenses (Part IX)
- $70,912
- Management and general expenses
- $1,121
- Fundraising expenses
- $1,000
- Program service expenses (Part III)
- $70,912
Program services were 97.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$294,205
-
3 · Investment income
total $9,170 · related or exempt $9,170
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $67,935 · program services $67,935
-
12 · Advertising and promotion
total $1,000 · fundraising $1,000
-
13 · Office expenses
total $153 · management and general $153
-
23 · Insurance
total $968 · management and general $968
-
24a · Other expenses: Merchandise
total $2,977 · program services $2,977
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $179,027 · end of year $409,369
-
27 · Net assets without donor restrictions
beginning of year $179,027 · end of year $409,369
Mission and programs · 2023
Mission
To improve the lives of children and families that are living at or below the poverty line through donations of basic living supplies, items needed for effective learning and participation in school. The fund will also support families that have lost a child.
-
To support families that have lost a child to afford funeral, memorial and non-medical end of life expenses and to give respite to those who support them.
Expenses $70,912
As filed on the 2023 return.
Listed in Part VII
-
Brooke McHugh
Director
- Total calculated
- $0
- Hours/week
- 2
-
Martha Kennedy
Director
- Total calculated
- $0
- Hours/week
- 2
-
Katie Manning
Director
- Total calculated
- $0
- Hours/week
- 2
-
Michelle Serpa
Director
- Total calculated
- $0
- Hours/week
- 2
-
Krista Demas
Director
- Total calculated
- $0
- Hours/week
- 2
-
Suzanne McDevitt
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kari McHugh
President
- Total calculated
- $0
- Hours/week
- 10
-
Calece Johnson
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Venetia Corson
Clerk
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403129349303540
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