The Albert And Ann Margolies Perpetual Charitable Trust
- Assets
- $633.2k
- Revenue
- $60.2k
- Investments
- $575.0k
- Employees
- 0
- Location
- Scranton, PA
- Founding
- 03/1998
- Data as of
- 04/2024
- EIN
- 23-7840492
Organization Overview
The Albert And Ann Margolies Perpetual Charitable Trust is located in Scranton, PA. The organization was established in 1998. 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. Albert And Ann Margolies Perpetual Charitable Trust 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 04/2024, Albert And Ann Margolies Perpetual Charitable Trust generated $60.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $71.9k during the year ending 04/2024. While expenses have increased by 4.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Albert And Ann Margolies Perpetual Charitable Trust has awarded 20 individual grants totaling $225,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,587 |
| Dividends & Interest | $18,386 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,242 |
| Capital Gain Net Income | $30,242 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,215 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,215 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,173 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,888 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $71,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $58,203 |
| 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 | $633,246 |
| 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, The Albert And Ann Margolies Perpetual Charitable Trust has awarded $60,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF LACKAWANNA & WAYNE CNTY PURPOSE: GENERAL PURPOSES | $10,000 |
GEISINGER HEALTH SYSTEM FOUNDATION PURPOSE: GENERAL PURPOSE | $10,000 |
LACKAWANNA BLIND ASSOCIATION PURPOSE: GENERAL PURPOSE | $10,000 |
ELAN GARDENS INC PURPOSE: GENERAL PURPOSES | $10,000 |
JEWISH COMMUNITY CENTER PURPOSE: GENERAL PURPOSE | $10,000 |
JEWISH FAMILY SERVICES OF NE PA PURPOSE: GENERAL PURPOSE | $10,000 |