Menges Family Foundation
- Assets
- $1.0m
- Revenue
- $157.6k
- Investments
- $930.0k
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 03/1998
- Data as of
- 12/2022
- EIN
- 31-1588765
Organization Overview
Menges Family Foundation is located in Charlottesville, VA. The organization was established in 1998. 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. Menges Family 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 12/2022, Menges Family Foundation generated $157.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $49.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Menges Family Foundation has awarded 100 individual grants totaling $1,842,746. 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 |
|---|---|---|---|
Cordelia S Menges Committee Me | 0.05 | $0 | |
Benjamin Menges Committee Me | 0.05 | $0 | |
Samuel Menges Committee Me | 0.05 | $0 | |
James Menges Committee Me | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,241 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,915 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $126,808 |
| Capital Gain Net Income | $126,808 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,591 |
| Total Revenue | $157,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,274 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,279 |
| Contributions, gifts, grants paid | $36,000 |
| Total expenses and disbursements | $49,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,489 |
| 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 | $1,025,467 |
| 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, Menges Family Foundation has awarded $36,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK HISTORICAL SOCIETY PURPOSE: GENERAL | $12,000 |
RED SNEAKERS PURPOSE: GENERAL | $2,500 |
PALM BEACH DAY ACADEMY PURPOSE: GENERAL | $10,000 |
THE ALEXANDER HAMILTON INSTITUTE PURPOSE: GENERAL | $5,000 |
TAKE STOCK IN CHILDREN PURPOSE: GENERAL | $5,000 |
TOYS FOR TOTS PURPOSE: GENERAL | $1,500 |