Mcgrew-Philipp Family Foundation
- Assets
- $989.7k
- Revenue
- $53.6k
- Investments
- $746.1k
- Employees
- 0
- Location
- Temecula, CA
- Founding
- 06/1995
- Data as of
- 12/2023
- EIN
- 33-0642465
Organization Overview
Mcgrew-Philipp Family Foundation is located in Temecula, CA. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Mcgrew-Philipp 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, Mcgrew-Philipp Family Foundation generated $53.6k 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 (15.8%) each year. All expenses for the organization totaled $54.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mcgrew-Philipp Family Foundation has awarded 335 individual grants totaling $557,408. 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 |
|---|---|---|---|
William O Mcgrew Pres / Dir | 0 | $0 | |
Eleanor L Mcgrew Secy/treas/dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $570 |
| Dividends & Interest | $50,232 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,775 |
| Capital Gain Net Income | $2,775 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,577 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,700 |
| Total operating and administrative expenses | $17,387 |
| Contributions, gifts, grants paid | $37,335 |
| Total expenses and disbursements | $54,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,564 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $989,684 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,596 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,596 |
Grants Awarded
Over the last fiscal year, Mcgrew-Philipp Family Foundation has awarded $37,335 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL | $10,000 |
ALZHEIMERS DISEASE RESEARCH PURPOSE: GENERAL | $1,000 |
RONALD REAGAN PRESIDENTIAL FOUNDATI PURPOSE: GENERAL | $200 |
BOYS TOWN PURPOSE: GENERAL | $200 |
SALVATION ARMY PURPOSE: NEEDY FAMILY ASSISTANCE | $100 |
PAWS FOR PURPLE HEARTS PURPOSE: GENERAL | $50 |