Margulf Foundation
- Assets
- $249.6m
- Revenue
- $5.3m
- Investments
- $233.3m
- Employees
- 0
- Location
- Glendale, CO
- Founding
- 06/1978
- Data as of
- 11/2023
- EIN
- 13-2927245
Organization Overview
Margulf Foundation is located in Glendale, CO. The organization was established in 1978. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Margulf 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 11/2023, Margulf Foundation generated $5.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $11.7m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Margulf Foundation has awarded 730 individual grants totaling $53,729,652. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
ALL CHARITABLE CONTRIBUTIONS ARE MADE DIRECTLY TO ORGANIZATIONS THAT PROVIDE SCHOLARSHIPS, SUPPORT THE ARTS AND OTHER COMMUNITY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Flug Director, President | 2 | $0 | |
Jerry Buck Treasurer And Secretary (thru 08/23) | 2 | $0 | |
Ramsay Stabler Director | 2 | $0 | |
Vicki Flug Sterling Director | 2 | $0 | |
Eunice Kim Director, Treasurer (beg 08/23) | 2 | $0 | |
Elizabeth Aybar Conti Chief Executive Officer | 40 | $332,333 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monticello Associates Inc | 11/29/23 | $280,000 |
Impact For Education Llc | 11/29/23 | $277,083 |
Wellington Trust Company | 11/29/23 | $121,908 |
Gradient Consulting | 11/29/23 | $101,067 |
The Northern Trust Company | 11/29/23 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $414,951 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,497,508 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,392,424 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,304,883 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $613,857 |
| Other employee salaries and wages | $283,009 |
| Pension plans, employee benefits | $139,343 |
| Interest | $0 |
| Taxes | $248,526 |
| Depreciation | $56,866 |
| Occupancy | $172,989 |
| Travel, conferences, and meetings | $41,168 |
| Printing and publications | $3,868 |
| Other expenses | $117,433 |
| Total operating and administrative expenses | $2,688,173 |
| Contributions, gifts, grants paid | $8,964,500 |
| Total expenses and disbursements | $11,652,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,122,430 |
| Savings and temporary cash investments | $11,113,424 |
| Net Accounts receivable | $48,468 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $3,736,993 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $54,878 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $233,312,594 |
| Net Land, buildings, and equipment | $218,880 |
| Other assets | $42,153 |
| Total assets | $249,649,820 |
| Accounts payable and accrued expenses | $94,921 |
| 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 | $42,025 |
| Total liabilities | $136,946 |
Grants Awarded
Over the last fiscal year, Margulf Foundation has awarded $8,979,500 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
40 PURPOSE: WELLNESS GRANT | $10,000 |
AFRICAN LEADERSHIP GROUP (CO CNDC) PURPOSE: EMERGENCY HEALTH AND HUMAN SERVICES | $10,000 |
40 PURPOSE: GENERAL OPERATING GRANT | $250,000 |
AFRICAN LEADERSHIP GROUP (CO CNDC) PURPOSE: GENERAL OPERATING GRANT + WELLNESS GRANT | $40,000 |
ANTI-DEFAMATION LEAGUE MOUNTAIN STATES REGION PURPOSE: GENERAL OPERATING GRANT | $30,000 |
ALEXANDER TWILIGHT ACADEMY PURPOSE: GENERAL OPERATING GRANT | $10,000 |