Margaret Ann Grinnell Charitable Foundation
- Assets
- $340.0k
- Revenue
- $6.1k
- Investments
- $241.8k
- Employees
- 0
- Location
- Mount Desert, ME
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 02-6129666
Organization Overview
Margaret Ann Grinnell Charitable Foundation is located in Mount Desert, ME. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Margaret Ann Grinnell Charitable 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, Margaret Ann Grinnell Charitable Foundation generated $6.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.6%) each year. All expenses for the organization totaled $25.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Ann Grinnell Trustee | 2 | $0 | |
Julie Mcveigh Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,102 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,631 |
| Capital Gain Net Income | $1,631 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $325 |
| Total Revenue | $6,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $744 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $4,273 |
| Contributions, gifts, grants paid | $21,000 |
| Total expenses and disbursements | $25,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,246 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $161,892 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $71,000 |
| Total assets | $340,039 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Margaret Ann Grinnell Charitable Foundation has awarded $21,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
A CLIMATE TO THRIVE PURPOSE: GENERAL PURPOSE | $2,000 |
CAMP BEECH CLIFF PURPOSE: GENERAL PURPOSE | $500 |
COLOR OF CHANGE EDUCATIONAL FUND PURPOSE: GENERAL PURPOSE | $1,000 |
COMMUNITY SCHOOL OF MT DESERT ISLAND PURPOSE: GENERAL PURPOSE | $2,000 |
EQUITY MAINE FOUNDATION PURPOSE: GENERAL PURPOSE | $2,000 |
ISLAND READERS & WRITERS PURPOSE: GENERAL PURPOSE | $500 |