Margaret M Grow Charitable Foundation
- Assets
- $724.3k
- Revenue
- $46.6k
- Investments
- $697.4k
- Employees
- 0
- Location
- Byhalia, MS
- Founding
- 10/2004
- Data as of
- 12/2023
- EIN
- 20-6149518
Organization Overview
Margaret M Grow Charitable Foundation is located in Byhalia, MS. The organization was established in 2004. 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. Margaret M Grow 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 12/2023, Margaret M Grow Charitable Foundation generated $46.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $101.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Margaret M Grow Charitable Foundation has awarded 49 individual grants totaling $254,900. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSERVATION BENEVOLENCE
CHURCH BENEVOLENCE
CHILDREN BENEVOLENCE
CEMETERY, ARTS, CULTURAL AND BUSINESS BENEVOLENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Floyd Hobbs Jr Trustee | 0 | $0 | |
Rita W Hobbs Trustee | 0 | $26,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $694 |
| Dividends & Interest | $33,007 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,891 |
| Capital Gain Net Income | $2,023 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,592 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,068 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $330 |
| Total operating and administrative expenses | $30,081 |
| Contributions, gifts, grants paid | $71,500 |
| Total expenses and disbursements | $101,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,891 |
| Savings and temporary cash investments | $0 |
| 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 | $724,298 |
| 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 M Grow Charitable Foundation has awarded $71,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
EMORY METHODIST CHURCH PURPOSE: GENERAL OPERATIONS | $17,500 |
EMORY METHODIST CEMETERY PURPOSE: GENERAL OPERATIONS | $4,000 |
BYHALIA AREA ARTS COUNCIL PURPOSE: GENERAL OPERATIONS | $7,500 |
CATCH-A-DREAM FOUNDATION PURPOSE: GENERAL OPERATIONS | $10,000 |
MS FISH & WILDLIFE FOUNDATION PURPOSE: GENERAL OPERATIONS | $2,500 |
BYHALIA AREA CHAMBER OF COMMERCE PURPOSE: GENERAL OPERATIONS | $1,000 |