Magnaverde Foundation Inc
- Assets
- $24.9k
- Revenue
- $50.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 06-1442891
Organization Overview
Magnaverde Foundation Inc is located in Greenwich, CT. The organization was established in 1996. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnaverde Foundation Inc 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 12/2021, Magnaverde Foundation Inc generated $50.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $44.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW FENCE AND REPAIR OF EXISTING FENCES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Bedrosian Richardson President | 0 | $0 | |
Berta Escurra Director | 0 | $0 | |
Ursela Dunn Treasurer | 0 | $0 | |
Reverge Anselmo Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $2 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,002 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58 |
| Total operating and administrative expenses | $58 |
| Contributions, gifts, grants paid | $44,510 |
| Total expenses and disbursements | $44,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,870 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,870 |
| 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, Magnaverde Foundation Inc has awarded $44,510 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF GREENWICH PURPOSE: NEW FENCE | $32,410 |
TOWN OF GREENWICH PURPOSE: REPAIR OF EXISTING FENCES | $12,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Only One Inc New York, NY | $3,262,058 | $9,834,103 |
Cec Stuyvesant Cove Inc Long Island City, NY | $4,789,679 | $6,047,317 |
The Connecticut Audubon Society Incorporated Fairfield, CT | $62,592,543 | $6,801,215 |
Mothers Out Front Inc Cambridge, MA | $3,902,382 | $3,274,134 |
Nantucket Conservation Foundation Inc Nantucket, MA | $151,824,686 | $12,776,139 |
Audubon Society Of Rhode Island Smithfield, RI | $39,462,013 | $5,117,165 |
American Society For The Protection Of Nature Israel Inc New York, NY | $437,688 | $3,144,160 |
Natural Areas Conservancy Inc New York, NY | $5,460,471 | $2,307,893 |
Years Project Inc Melville, NY | $2,975,303 | $1,381,607 |
Earth Pledge Foundation Shelter Island, NY | $0 | $140,716 |
Sheriffs Meadow Foundation Vineyard Haven, MA | $93,586,445 | $3,402,421 |
Greenroots Inc Chelsea, MA | $3,100,624 | $2,261,048 |