Curtis W Mcgraw Foundation
- Assets
- $24.7m
- Revenue
- $1.5m
- Investments
- $22.1m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 03/1965
- Data as of
- 12/2023
- EIN
- 22-1761678
Organization Overview
Curtis W Mcgraw Foundation is located in Pennington, NJ. The organization was established in 1965. 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. Curtis W Mcgraw 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, Curtis W Mcgraw Foundation generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Curtis W Mcgraw Foundation has awarded 1,034 individual grants totaling $10,836,870. 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
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis M Webster President/trustee | 1 | $0 | |
Samuel W Lambert III Secretary/treasurer | 1 | $40,000 | |
Theo M Webster Vp/ Asst Treasurer/ Trustee | 1 | $0 | |
Stephen N Allen Vice President/trustee | 1 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $687,922 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $806,452 |
| Capital Gain Net Income | $806,452 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,128 |
| Total Revenue | $1,497,502 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,293 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,689 |
| Total operating and administrative expenses | $260,217 |
| Contributions, gifts, grants paid | $1,379,350 |
| Total expenses and disbursements | $1,639,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,527 |
| Savings and temporary cash investments | $1,059,922 |
| 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 | $12,421,301 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,494,516 |
| Total assets | $24,676,597 |
| 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, Curtis W Mcgraw Foundation has awarded $1,379,350 in support to 135 organizations.
| Grant Recipient | Amount |
|---|---|
NASSAU PRESBYTERIAN CHURCH PURPOSE: UNRESTRICTED GENERAL | $10,000 |
NONPROFIT CONNECT PURPOSE: UNRESTRICTED GENERAL | $7,500 |
NYC LAB SCHOOL FRIENDS PURPOSE: UNRESTRICTED GENERAL | $3,500 |
TRUSTEES OF THE BERKSHIRE MUSEUM PURPOSE: UNRESTRICTED GENERAL | $10,000 |
WOODWELL CLIMATE RESEARCH CENTER PURPOSE: UNRESTRICTED GENERAL | $5,000 |
PEGASUS THERAPEUTIC RIDING INC PURPOSE: UNRESTRICTED GENERAL | $15,000 |