Daniel James McCarthy Memorial Fund INC FY2023 filing

Acton, MA · Public charity (501(c)(3)) · Unclassified

✓ Tax-deductible
Revenue
$882K
+718% vs prior year
Spent
$329K
To programs
59%
Net assets
$733K
By yearFY2020–FY2025
Revenue
$882K
FY2023▲ +718%
Revenue by fiscal year
FY2020$108K
FY2021$108K
FY2023$882K
FY2024$212K
FY2025$401K
Expenses
$329K
FY2023▲ +168%
Expenses by fiscal year
FY2020$98K
FY2021$123K
FY2023$329K
FY2024$640K
FY2025$588K
Net assets
$733K
FY2023▲ +469%
Net assets by fiscal year
FY2020$144K
FY2021$129K
FY2023$733K
FY2024$304K
FY2025$117K

From the FY2023 Form 990 (year ending August 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CDaniel James McCarthy Memorial Fund INC
EINHdr · item D77-0600310
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2004
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CActon, MA
NTEE classificationIRS BMFUnclassified (Z99)
WebsiteHdr · item Jwww.dannys-place.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.21 Fundraising $0.20
Program services59%$194K
Management & general21%$70K
Fundraising20%$65K
Total functional expensesLn 25$329K

Financial health

Is it on solid ground?

Program efficiency
59%
of spending reaches programs
Operating runway
15.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+63%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$789K
FY2023▲ +513%
Total assets by fiscal year
FY2020$144K
FY2021$129K
FY2023$789K
FY2024$989K
FY2025$619K
Total liabilities
$56K
FY2023
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2023$56K
FY2024$685K
FY2025$502K
Revenue less expensesPt I · Ln 19$554K
Total assetsPt X · Ln 16$789K
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$356K
Total assetsLn 16$789K
Total liabilitiesLn 26$56K
Total net assetsLn 32$733K
Months of cash on handcomputed13.0

Statement of Revenue

Part VIII
Contributions & grants$885K · 100%
Investment income$6K · 1%
Contributions & grants100%$885K
Investment income1%$6K
Total revenueLn 12$882K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $356K · Operating expenses (Pt IX) $329K · Less non-cash grants $50K · Cash operating expenses/yr $278K
15.4 months
Where the money goes
Program services
Program services $194K · Total expenses $329K
59%
Management & General
Management & general $70K · Total expenses $329K
21%
Fundraising
Fundraising $65K · Total expenses $329K
20%
Cost to raise $1
Fundraising expense (3-yr avg) $22K · Solicited contributions (3-yr avg) $385K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $885K · Total revenue $882K
100%
Government reliance
Government grants — · Total revenue $882K
—
Earned-income share
Program service revenue $0 · Total revenue $882K
0%
Investment reliance
Investment income $6K · Total revenue $882K
+0.7%
Program self-sufficiency
Program service revenue $0 · Total expenses $329K
0%
Growth & trend
Revenue growth (YoY)
This year $882K · Prior year $108K
+718%
Net-asset trend (YoY)
End of year $733K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $882K · Expenses $329K
+63%
Liabilities-to-Assets
Total liabilities — · Total assets $789K
—
Net-asset ratio
Net assets $733K · Total assets $789K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $789K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kathryn Gorczyca · Reported title Executive Director · Highest reported compensation $13K · Total expenses $329K
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $62K · Total expenses $329K
19%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 59%——
Overhead ratio 21%——
Fundraising cost ratio 7%——
Revenue growth 718%——
Legal fee ratio 3%——
Accounting fee ratio 6%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$13,163Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023
Kathryn Gorczyca$23,036$21,856$13,163

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Supports youth development through coordinated programs and resources in Acton and Boxborough.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $194K of program spending, described in the organization's own filed words · FY2022.
01

Provide young people with experiences to explore, create and discover their happiest, healthiest selves through inclusive community programming, social-emotional experiences and supportive resources.

$194Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$48K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $401K$588K+90% 990 PDF
FY2024 $212K$640K-76% 990 PDF
FY2023 Viewing $882K$329K+718% 990 PDF
FY2022 Not on file
FY2021 $108K$123K+0.1% 990 PDF
FY2020 $108K$98K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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