BILLY CUNNINGHAM MEMORIAL FOUNDATION

EIN: 831382561 501(c)(3) Philanthropy & Grantmaking

NEW LONDON, NH

Total Revenue
$3,150
Total Expenses
$3,200
Total Assets
$65,306
Net Assets
$65,306
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Principal Officer
DAVID MORSE
Phone
7187577987
Tax Period
2020-01-01 to 2020-12-31

BILLY CUNNINGHAM MEMORIAL FOUNDATION, founded in 2019, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $3K in total revenue in fiscal year 2020. Revenue fell 95% from the prior year — a significant decline worth monitoring. Net assets of $65K represent 249 months of operating reserves.

Mission

BILLY CUNNINGHAM LOVED LAKE SUNAPEE, AND WE LOVED BILLY CUNNINGHAM. GREGARIOUS, GENEROUS, AND VERY, VERY FUNNY, BILLY HAD UNIQUE PRESENCE AND ENERGY. WHEN HE PASSED AWAY, A GROUP OF HIS FRIENDS CAME TOGETHER TO FIGURE OUT A WAY TO HONOR HIS LIFE AND CELEBRATE HIS PASSIONS. THE BILLY CUNNINGHAM MEMORIAL FOUNDATION IS A RECOGNIZED 501(C)3 NONPROFIT ORGANIZATION DEDICATED TO IMPROVING, CONSERVING AND PROTECTING LAKE SUNAPEE AND ITS SURROUNDING ENVIRONS. WE THINK BILLY WOULD HAVE LIKED IT. AT THE END OF EACH SCHOOL YEAR, WE ACCEPT SCHOLARSHIP APPLICATIONS FROM HIGH SCHOOL SENIORS AND COLLEGE STUDENTS WHO DEMONSTRATE A PASSION FOR THE WATER AND AN INTEREST IN PURSUING STUDIES IN FRESHWATER MARINE BIOLOGY, OCEANOGRAPHY, RESOURCE MANAGEMENT OR ENVIRONMENTAL SCIENCE. ONE STUDENT SCHOLAR RECIPIENT IS SELECTED BY THE BCMF BOARD OF DIRECTORS EVERY JUNE 10 -- BILLYS BIRTHDAY -- AND USE OF THE 1,000 SCHOLARSHIP PROCEEDS IS ENTIRELY AT THE RECIPIENTS DISCRETION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $3,150
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,150

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,000
Other Expenses $1,200
TOTAL EXPENSES $3,200

Year-over-Year Comparison

2020 2019 Change
Revenue $3,150 $65,356 -1.0%
Expenses $3,200 N/A N/A
Net Income $-50 $65,356 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAMPBELL FOSTER PRESIDENT N/A
$0 $0 $0
DAVID MORSE FOUNDING MEM N/A
Officer
$0 $0 $0
DURHAM F JONES BOARD MEMBER N/A
Officer
$0 $0 $0
KEVIN WALSH BOARD MEMBER N/A
Officer
$0 $0 $0
PETER CONLIN BOARD MEMBER N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $3,150 $3,200 $65,306 $-50
2019 $65,356 No data $65,356 No data
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