Maher Foundation
- Assets
- $578.8k
- Revenue
- $300.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Monterey, CA
- Founding
- 05/2010
- Data as of
- 12/2023
- EIN
- 27-1791842
Organization Overview
Maher Foundation is located in Monterey, CA. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Maher 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, Maher Foundation generated $300.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $305.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Maher Foundation has awarded 105 individual grants totaling $2,453,589. 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 |
|---|---|---|---|
Thomas Maher President | 8 | $0 | |
Joan K Maher Secretary | 2 | $0 | |
Steve Barone Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $300,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,664 |
| Depreciation | $1,301 |
| Occupancy | $20,550 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,283 |
| Total operating and administrative expenses | $43,798 |
| Contributions, gifts, grants paid | $261,500 |
| Total expenses and disbursements | $305,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,388 |
| 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 | $351,384 |
| Other assets | $0 |
| Total assets | $578,772 |
| 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, Maher Foundation has awarded $261,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
LUIS PALAU MINSTRIES PURPOSE: EVANGELISM | $25,000 |
OC INTERNATIONAL PURPOSE: MISSIONARIES | $195,600 |
CONFIDENCE PREGNANCY CTR PURPOSE: PREGNANCY ASSISTANCE | $5,000 |
CRU PURPOSE: EVANGELISM | $2,400 |
EURASIA PARTNERS PURPOSE: MISSIONARIES | $6,000 |
GOLDEN STATE TOUR PURPOSE: JUNIOR GOLF TOURNAMENT | $1,000 |