Marshall & Margherite Mccomb Founda Tion
- Assets
- $13.5m
- Revenue
- $1.4m
- Investments
- $13.3m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 02/2005
- Data as of
- 12/2021
- EIN
- 20-6195475
Organization Overview
Marshall & Margherite Mccomb Founda Tion is located in Los Angeles, CA. The organization was established in 2005. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshall & Margherite Mccomb Founda Tion 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, Marshall & Margherite Mccomb Founda Tion generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $967.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Marshall & Margherite Mccomb Founda Tion has awarded 56 individual grants totaling $1,780,906. 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
2021
Describe the Organization's Program Activity:
N/A
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Northern Trust Company | 12/30/21 | $73,786 |
Carnegie Capital Asset Mgmt | 12/30/21 | $112,915 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $428,879 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $749,617 |
| Capital Gain Net Income | $749,617 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $201,635 |
| Total Revenue | $1,380,132 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $130,765 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $551 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62,136 |
| Total operating and administrative expenses | $391,523 |
| Contributions, gifts, grants paid | $575,906 |
| Total expenses and disbursements | $967,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $225,535 |
| 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 | $28,200 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,701 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,514,099 |
| 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, Marshall & Margherite Mccomb Founda Tion has awarded $575,906 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Altadena, CA PURPOSE: TO SUPPORT EDUCATION SCHOLARSHIP | $100,000 |
Pacific Palisades, CA PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMS | $100,000 |
ST MONICA CATHOLIC COMMUNITY PURPOSE: TO SUPPORT RELIGIOUS ACTIVITIES & PROGRAMS | $50,000 |
Los Angeles, CA PURPOSE: SUPPORT FOR STUDENT SCHOLARSHIPS | $50,000 |
PORTSMOUTH ABBEY SCHOOL PURPOSE: TO SUPPORT THE CENTER FOR SCIENCE AND LIBERAL ARTS | $30,000 |
UNIVERSITY OF CALIFORNIA LOS ANGELES PURPOSE: TO PROVIDE SUPPORT FOR MEDICAL RESEARCHES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dream Center Foundation A California Non Profit Corporation Los Angeles, CA | $35,184,987 | $26,309,284 |
Connections For Children Los Angeles, CA | $5,706,672 | $17,856,000 |
Andre Agassi Foundation For Education Las Vegas, NV | $0 | $4,556,669 |
Give Foundation Inc San Ramon, CA | $1,969,969 | $6,365,331 |
Humangood Foundation West Duarte, CA | $80,965,021 | $8,515,405 |
Southeastern Arizona Community Action Program Inc Safford, AZ | $455,386 | $2,811,093 |
Leoa Foundation Loomis, CA | $6,988 | $2,417,315 |
Stater Bros Charities San Bernardino, CA | $4,078,783 | $4,166,835 |
Another Round Another Rally Phoenix, AZ | $1,059,733 | $1,710,638 |
Foster Family Charitable Foundation Stockton, CA | $29,209,891 | $2,797,877 |
Southern Oregon Friends Of Hospice Medford, OR | $5,540,085 | $3,156,686 |
Phoenix Suns Charities Inc Phoenix, AZ | $1,755,436 | $2,395,370 |