Katie Mcgrath & J J Abrams Family Foundation is located in Encino, CA. The organization was established in 2012. 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. Katie Mcgrath & J J Abrams 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 12/2022, Katie Mcgrath & J J Abrams Family Foundation generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $7.6m during the year ending 12/2022. While expenses have increased by 11.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Katie Mcgrath & J J Abrams Family Foundation has awarded 736 individual grants totaling $57,611,355. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kathleen Mcgrath President/director | 0.5 | $0 | |
Jeffrey J Abrams Secretary/treasurer/direct | 0.5 | $0 | |
Anne Watkins Executive Director | 32 | $257,035 | |
Chelsea Maloney Admin | 32 | $47,278 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $7,646,057 |
Interest on Savings | $55 |
Dividends & Interest | $52,955 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $3,754 |
Capital Gain Net Income | $9,942 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $7,702,821 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $304,313 |
Pension plans, employee benefits | $30,694 |
Interest | $0 |
Taxes | $17,054 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $2,518 |
Printing and publications | $0 |
Other expenses | $48,275 |
Total operating and administrative expenses | $476,969 |
Contributions, gifts, grants paid | $7,135,700 |
Total expenses and disbursements | $7,612,669 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $42,447 |
Savings and temporary cash investments | $36,330 |
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 | $309,241 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $5,164,655 |
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 | $5,020 |
Total liabilities | $5,020 |
Over the last fiscal year, Katie Mcgrath & J J Abrams Family Foundation has awarded $7,135,700 in support to 64 organizations.
Grant Recipient | Amount |
---|---|
AMERICAN HEART PURPOSE: WS LEADERS FOR LIFE CAMPAIGN | $5,000 |
ACADEMY MUSEUM OF MOTION PICTURES PURPOSE: UNRESTRICTED SUPPORT | $25,000 |
ANTI-RECIDIVISM COALITION PURPOSE: UNRESTRICTED SUPPORT | $50,000 |
AUBIN PICTURES PURPOSE: FARAI CHIDEYA'S OUR BODY POLITIC | $250,000 |
ARRAY ALLIANCE PURPOSE: UNRESTRICTED SUPPORT | $500,000 |
CHILDREN'S ACTION NETWORK PURPOSE: 2022 WINE, WOMEN AND SHOES | $5,000 |