Margaret L Mcquinn Scholarship Foundation
- Assets
- $3.3m
- Revenue
- $167.7k
- Investments
- $3.2m
- Employees
- 0
- Location
- Alameda, CA
- Founding
- 06/2005
- Data as of
- 12/2023
- EIN
- 45-0499860
Organization Overview
Margaret L Mcquinn Scholarship Foundation is located in Alameda, CA. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Margaret L Mcquinn Scholarship 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, Margaret L Mcquinn Scholarship Foundation generated $167.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $237.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Margaret L Mcquinn Scholarship Foundation has awarded 469 individual grants totaling $2,171,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PAYMENTS TO INDIVIDUALS TO ASSIST WITH PAYMENT OF COLLEGE COSTS - LIMITED TO $7,000 PER RECIPIENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Larkin Executive Direc | 5 | $5,000 | |
Ronald Goldman Secretary | 5 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,200 |
| Dividends & Interest | $51,700 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $89,818 |
| Capital Gain Net Income | $89,818 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $167,718 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $374 |
| Total operating and administrative expenses | $56,436 |
| Contributions, gifts, grants paid | $181,500 |
| Total expenses and disbursements | $237,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,562 |
| Savings and temporary cash investments | $10,446 |
| 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 | $1 |
| Total assets | $3,340,190 |
| 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, Margaret L Mcquinn Scholarship Foundation has awarded $181,500 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
MICHELLE MIKHELBOOK PURPOSE: SCHOLARSHIP | $2,500 |
KELLEY AKIKO PURPOSE: SCHOLARSHIP | $5,000 |
CYNTHIA BEALL PURPOSE: SCHOLARSHIP | $5,000 |
TIFANIE CHAU PURPOSE: SCHOLARSHIP | $5,000 |
MOLLY CAMPBELL PURPOSE: SCHOLARSHIP | $6,000 |
AMY ERNENEDALL PURPOSE: SCHOLARSHIP | $5,000 |