Modglin Family Foundation
- Assets
- $9.3m
- Revenue
- $437.2k
- Investments
- $9.0m
- Employees
- 0
- Location
- Villa Park, CA
- Founding
- 01/1994
- Data as of
- 12/2023
- EIN
- 33-0266405
Organization Overview
Modglin Family Foundation is located in Villa Park, CA. The organization was established in 1994. 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. Modglin 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 12/2023, Modglin Family Foundation generated $437.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Modglin Family Foundation has awarded 238 individual grants totaling $9,543,760. 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.
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 |
|---|---|---|---|
Grace M Modglin Presidend/sec | 1 | $0 | |
Sharon Marino V. President | 1 | $0 | |
Steven Modglin V. President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $0 |
| Dividends & Interest | $314,524 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $126,315 |
| Capital Gain Net Income | $126,315 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,700 |
| Total Revenue | $437,239 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,010 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,070 |
| Printing and publications | $0 |
| Other expenses | $282 |
| Total operating and administrative expenses | $102,902 |
| Contributions, gifts, grants paid | $2,403,950 |
| Total expenses and disbursements | $2,506,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,665 |
| Savings and temporary cash investments | $50,869 |
| 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 | $120,890 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,293,022 |
| 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, Modglin Family Foundation has awarded $2,403,950 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
TERRA YITO - DISPLACED ORPHANS INTL PURPOSE: MINISTRY SUPPORT | $19,800 |
EXTREME RESPONSE INTERNATIONAL PURPOSE: MINISTRY FINANCIAL ASSISTANCE | $52,850 |
ALERT ACADEMY PURPOSE: OFFICE REMODEL | $26,400 |
AVANT MINISTRIES PURPOSE: GENERAL OPERATING FUND | $10,000 |
JONI FRIENDS PURPOSE: WHEELS FOR THE WORLD, FAMILY RETREATS, OUTREACH AND JONI'S HOUSE | $300,000 |
CONNECTIONS PRISON MINISTRY PURPOSE: GENERAL OPERATING FUND | $10,000 |