Molina Family Foundation
- Assets
- $0.0
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- South Pasadena, CA
- Founding
- 09/2018
- Data as of
- 12/2020
- EIN
- 37-1873999
Organization Overview
Molina Family Foundation is located in South Pasadena, CA. The organization was established in 2018. 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. Molina 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 12/2020, Molina Family Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (67.5%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Molina Family Foundation has awarded 86 individual grants totaling $5,159,333. 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 |
|---|---|---|---|
Joseph M Molina President | 0 | $0 | |
Therese Molina Treasurer | 0 | $0 | |
David Molina Vice President | 0 | $0 | |
Carley Befeler Assistant Vice President | 0 | $0 | |
Colleen Troussel Assistant Secretary | 0 | $0 | |
Mary Clare Molina Secretary | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tiedemann Advisors | 12/30/21 | $170,104 |
Hirsch Philanthropy Partners | 12/30/21 | $188,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $645,219 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,232 |
| Total Revenue | $1,139,604 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,154 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $587,280 |
| Contributions, gifts, grants paid | $1,671,000 |
| Total expenses and disbursements | $2,258,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $618,907 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $37,873,156 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Molina Family Foundation has awarded $2,058,333 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: OPERATING SUPPORT AND VENTURA RIVER RESTORATION PROJECTS | $433,333 |
UNITED STATES OF CARE CAMPAIGN PURPOSE: OPERATING SUPPORT | $250,000 |
Mount Vernon, VA PURPOSE: OPERATING SUPPORT | $225,000 |
Dallas, TX PURPOSE: OPERATING SUPPORT | $100,000 |
San Francisco, CA PURPOSE: OPERATING SUPPORT | $100,000 |
OJAI VALLEY LAND CONSERVANCY PURPOSE: OPERATING SUPPORT | $85,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |