Brandon James Malstrom Memorial Foundation Inc
- Assets
- $217.1k
- Revenue
- $41.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, MD
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 43-1988527
Organization Overview
Brandon James Malstrom Memorial Foundation Inc is located in Phoenix, MD. The organization was established in 2003. 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. Brandon James Malstrom Memorial Foundation Inc 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 12/2021, Brandon James Malstrom Memorial Foundation Inc generated $41.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $20.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Malstrom IV Director | 1 | $0 | |
Carol Malstrom Scretary/ Treasurer | 4 | $0 | |
Jesse Cox Esquire Director | 1 | $0 | |
Paul Malstrom Director | 1 | $0 | |
Gavin Stringer Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,765 |
| Interest on Savings | $11 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $550 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $20,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,748 |
| Savings and temporary cash investments | $104,335 |
| 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 | $217,083 |
| 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, Brandon James Malstrom Memorial Foundation Inc has awarded $20,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ROB MELONI PURPOSE: SCHOLARSHIP | $3,000 |
JEFREY REID PURPOSE: SCHOLARSHIP | $3,000 |
LUCY HUGHES PURPOSE: SCHOLARSHIP | $3,000 |
BEN STONER PURPOSE: SCHOLARSHIP | $3,000 |
ETHAN SAMELS PURPOSE: SCHOLARSHIP | $3,000 |
DHRUV SUNIVASAN PURPOSE: SCHOLARSHIP | $1,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brandon James Malstrom Memorial Foundation Inc has recieved totaling $10,500.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: General Support | | $10,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James W And Frances Gibson Mcglothlin Foundation Bristol, VA | $55,479,136 | $5,807,937 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Madeline Foundation Baltimore, MD | $27,935,341 | $684,991 |
Reitmeier Charitable Trust U-W Fund Pittsburgh, PA | $0 | $783,026 |
Venable Baetjer And Howard Foundation Baltimore, MD | $411,758 | $3,720,067 |
Forman Fam Foundation Tr 12112013 Philadelphia, PA | $54,933,768 | $58,162 |
Yocum Family Perpetual Charitable Tr Wilmington, DE | $59,505,784 | $5,249,565 |
Benjamin Rose Tr Pittsburgh, PA | $45,553,098 | $8,158,109 |
The Sarah Min And Matt Pincus Foundation Wilmington, DE | $42,036,683 | $1,209,057 |
Kolibri Foundation Inc Washington, DC | $25,943,036 | $16,488,107 |
Henry L Kimelman Family Foundation Wilmington, DE | $15,718,192 | $1,395,229 |