Russell Maguire Foundation Inc
- Assets
- $2.6m
- Revenue
- $146.6k
- Investments
- $2.6m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 08/1941
- Data as of
- 12/2023
- EIN
- 13-6162698
Organization Overview
Russell Maguire Foundation Inc is located in Greenwich, CT. The organization was established in 1941. 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. Russell Maguire 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 12/2023, Russell Maguire Foundation Inc generated $146.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $122.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Russell Maguire Foundation Inc has awarded 137 individual grants totaling $420,350. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Pray Co-Director | 0 | $0 | |
Melanie Pray Co-Director | 0 | $0 | |
Sabrina Pray Forsythe Co-Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $123,005 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,642 |
| Capital Gain Net Income | $23,642 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $146,647 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,355 |
| Total operating and administrative expenses | $51,855 |
| Contributions, gifts, grants paid | $71,000 |
| Total expenses and disbursements | $122,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,208 |
| Savings and temporary cash investments | $21,828 |
| 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 | $2,607,777 |
| 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, Russell Maguire Foundation Inc has awarded $71,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPT A DOG PURPOSE: TO FURTHER THE FOUNDATIONS CHARITABLE MISSION OF EDUCATION, HELPING THOSE IN NEED, AND ANIMAL RESCUE | $1,500 |
BOY SCOUTS OF AMERICA-GREENWICH CHAPTER PURPOSE: TO FURTHER THE FOUNDATIONS CHARITABLE MISSION OF EDUCATION, HELPING THOSE IN NEED, AND ANIMAL RESCUE | $2,500 |
BOYS AND GIRLS CLUB OF BROWARD COUNTY PURPOSE: TO FURTHER THE FOUNDATIONS CHARITABLE MISSION OF EDUCATION, HELPING THOSE IN NEED, AND ANIMAL RESCUE | $1,000 |
DRIVING YOUNG AMERICA-HILTON HEAD ISLAND CONCOURS D'ELEGANCE INC PURPOSE: TO FURTHER THE FOUNDATIONS CHARITABLE MISSION OF EDUCATION, HELPING THOSE IN NEED, AND ANIMAL RESCUE | $1,500 |
GREENWICH POINT CONSERVANCY PURPOSE: TO FURTHER THE FOUNDATIONS CHARITABLE MISSION OF EDUCATION, HELPING THOSE IN NEED, AND ANIMAL RESCUE | $7,200 |
GREENWICH TOWN PARTY PURPOSE: TO FURTHER THE FOUNDATIONS CHARITABLE MISSION OF EDUCATION, HELPING THOSE IN NEED, AND ANIMAL RESCUE | $2,000 |