Daniel James McCarthy Memorial Fund INC FY2024 filing

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To benefit the communities of acton and boxborough, massachusetts with coordinated programming and resources dedicated to the positive development of the communities' youth.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 77-0600310) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$22K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $13K a year · 4% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
64% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$22K
to officers and key staff · 3% of spending
Pay to officers and key staff is 3% of spending.
Part VII, Section A
3.1 mo
of spending, in cash
3.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $48K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$685K
69% of total assets
Liabilities are 69% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$212K
-76% vs prior year
Spent
$640K
To programs
64%
Net assets
$304K
By yearFY2020–FY2025
Revenue
$212K
FY2024▼ -76%
Tap a bar for its year
Revenue by fiscal year
FY2020$108K
FY2021$108K
FY2023$882K
FY2024$212K
FY2025$401K
Expenses
$640K
FY2024▲ +95%
Tap a bar for its year
Expenses by fiscal year
FY2020$98K
FY2021$123K
FY2023$329K
FY2024$640K
FY2025$588K
Net assets
$304K
FY2024▼ -58%
Tap a bar for its year
Net assets by fiscal year
FY2020$144K
FY2021$129K
FY2023$733K
FY2024$304K
FY2025$117K

From the FY2024 Form 990 (year ending August 2024) · figures checked against the IRS filing · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $411K Management & general 21% · $135K Fundraising 15% · $94K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $22K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$21,856Pt VII · Sec A
$0Pt VII · Sec A
Director
$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.

See Daniel James McCarthy Memorial Fund INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

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

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1 program · $411K · in their own filed words · FY2023
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.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 77-0600310) · Dispute this line
$411Kprogram expense

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$212K
Ln 12
Gifts and grantsLn 1h$235K
Investment incomeLn 3$5K
Money outPt IX
$640K
Ln 25
Programscol B$411K
Managementcol C$135K
Fundraisingcol D$94K
Owns and owesPt X
$304K
net assets · Ln 32
Cash and savingsLn 1–2$166K
Total assetsLn 16$989K
LiabilitiesLn 26$685K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$235K
Fundraising eventsLn 1c$137K
Investment incomeLn 3$5K
Total revenueLn 12$212K
Assets in detailPt X, end of year
CashLn 1$166K
Cash and savings togetherLn 1–2$166K
Pledges and grants receivableLn 3$212K
Prepaid expenses and deferred chargesLn 9$3K
Land, buildings, equipmentLn 10c$84K
Other assetsLn 15$523K
Total assetsLn 16$989K
LiabilitiesLn 26$685K
Net assetsLn 32$304K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$356K$166K
Land, buildings, equipmentLn 10c$75K$84K
Total assetsLn 16$789K$989K
LiabilitiesLn 26$56K$685K
Net assetsLn 32$733K$304K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$22K$11K$11K
Other salaries and wagesLn 7$143K$113K$30K
Payroll taxesLn 10$13K$9K$3K$886
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$51K$51K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$137K$72K$65K
Office expensesLn 13$23K$8K$7K$7K
OccupancyLn 16$187K$159K$19K$9K
TravelLn 17$126$126
Depreciation, depletion and amortizationLn 22$20K$17K$2K$1K
InsuranceLn 23$5K$835$4K$84
Other expenses (24a–d)Ln 24$33K$28K$5K$294
Total functional expensesLn 25$640K$411K$135K$94K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 25, 2026 $401K$588K−$187K$117K 990 PDF
FY2024 ViewingFiled with the IRS Mar 7, 2025 $212K$640K−$428K$304K 990 PDF
FY2023Filed with the IRS Feb 15, 2024 $882K$329K$554K$733K 990 PDF
FY2022 Not on file
FY2021Filed with the IRS Nov 15, 2022 $108K$123K−$15K$129K 990 PDF
FY2020Filed with the IRS Nov 9, 2021 $108K$98K$10K$144K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $211,759 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $885,118$235,122
I-9 Program service revenue$0
I-10 Investment incomePrior year $5,808$5,045
I-11 Other revenuePrior year −$8,737−$28,408
I-12 Total revenuePrior year $882,189$211,759
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $62,183$177,731
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $266,467$462,430
I-18 Total expensesPrior year $328,650$640,161
I-19 Revenue less expensesPrior year $553,539−$428,402
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $211,759 across 6 lines filed
VIII-1c Fundraising events$136,648
VIII-1f All other contributions, gifts and grants$98,474
VIII-1h Total contributions, gifts and grants$235,122
VIII-3 Investment incomeExcluded from tax $5,045$5,045
VIII-8 Net income from fundraising eventsExcluded from tax −$28,408−$28,408
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$23,363$211,759
Part IX · Statement of functional expenses $640,161 across 13 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Management $10,932 · Fundraising $10,932$21,864
IX-7 Other salaries and wagesPrograms $113,009 · Management $30,205$143,214
IX-10 Payroll taxesPrograms $8,857 · Management $2,910 · Fundraising $886$12,653
IX-11b Legal feesManagement $1,696$1,696
IX-11c Accounting feesManagement $50,942$50,942
IX-11g Other fees for servicesPrograms $3,970$3,970
IX-12 Advertising and promotionPrograms $72,157 · Fundraising $64,576$136,733
IX-13 Office expensesPrograms $8,394 · Management $7,406 · Fundraising $7,051$22,851
IX-16 OccupancyPrograms $159,179 · Management $18,727 · Fundraising $9,363$187,269
IX-17 TravelManagement $126$126
IX-22 Depreciation, depletion and amortizationPrograms $17,221 · Management $2,026 · Fundraising $1,013$20,260
IX-23 InsurancePrograms $835 · Management $4,220 · Fundraising $84$5,139
IX-24 Other expenses (24a–d)Programs $27,823 · Management $5,327 · Fundraising $294$33,444
IX-25 Total functional expensesPrograms $411,445 · Management $134,517 · Fundraising $94,199$640,161
Part X · Balance sheet $989,053 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $356,348$166,223
X-3 Pledges and grants receivableStart of year $325,883$212,145
X-9 Prepaid expenses and deferred chargesStart of year $6,306$3,489
X-10c Land, buildings and equipment, netStart of year $75,222$84,493
X-15 Other assetsStart of year $25,000$522,703
X-16 Total assetsStart of year $788,759$989,053
X-17 Accounts payable and accrued expensesStart of year $56,099$136,300
X-19 Deferred revenue$9,275
X-25 Other liabilities$539,220
X-26 Total liabilitiesStart of year $56,099$684,795
X-27 Net assets without donor restrictionsStart of year $360,318$81,763
X-28 Net assets with donor restrictionsStart of year $372,342$222,495
X-32 Total net assets or fund balancesStart of year $732,660$304,258
X-33 Total liabilities and net assetsStart of year $788,759$989,053
Part XI · Reconciliation of net assets $304,258 net assets at year end
XI-1 Total revenue$211,759
XI-2 Total expenses$640,161
XI-3 Revenue less expenses−$428,402
XI-4 Net assets at start of year$732,660
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$304,258

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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