Mark Wade Choate Iii Foundation
- Assets
- $73.8k
- Revenue
- -$4.5k
- Investments
- $72.0k
- Employees
- 0
- Location
- Palos Verdes Estates, CA
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 33-0877196
Organization Overview
Mark Wade Choate Iii Foundation is located in Palos Verdes Estates, CA. The organization was established in 1999. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Mark Wade Choate Iii Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Choate President | 0 | $0 | |
Cynthia Jean Choate Sec Treasure | 0 | $0 | |
Courtney Knapp Director | 0 | $0 | |
Kaysie Fitzpatrick Dirtector | 0 | $0 | |
Michael Knapp Director | 0 | $0 | |
Gary Fitzpatrick Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,520 |
| Interest on Savings | $62 |
| Dividends & Interest | $1,834 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,957 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$4,541 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $20,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,765 |
| 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 | $73,789 |
| 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, Mark Wade Choate Iii Foundation has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JEFF JELLISON PURPOSE: SCHOLARSHIP | $10,000 |
RJ ALEXANDER PURPOSE: SCHOLARSHIP | $10,000 |