Massen-Greene Charitable Remainder Foundation 02-50510-Pf
- Assets
- $2.1m
- Revenue
- $341.9k
- Investments
- $1.4m
- Employees
- 0
- Location
- Santa Ana, CA
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 45-4445554
Organization Overview
Massen-Greene Charitable Remainder Foundation 02-50510-Pf is located in Santa Ana, CA. The organization was established in 2011. 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. Massen-Greene Charitable Remainder Foundation 02-50510-Pf 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, Massen-Greene Charitable Remainder Foundation 02-50510-Pf generated $341.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $424.8k during the year ending 12/2022. 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 |
|---|---|---|---|
First American Trust Co-Trustee | 40 | $17,706 | |
Kenneth O Solomon Co-Trustee | 5 | $16,023 | |
Larry Vince Co-Trustee | 5 | $16,023 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,379 |
| Net Rental Income | $201,999 |
| Net Gain on Sale of Assets | -$70,593 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $341,911 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,752 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $52,539 |
| Depreciation | $16,292 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $101,395 |
| Total operating and administrative expenses | $226,311 |
| Contributions, gifts, grants paid | $198,463 |
| Total expenses and disbursements | $424,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,796 |
| 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 | $409,944 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,140,306 |
| 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, Massen-Greene Charitable Remainder Foundation 02-50510-Pf has awarded $198,463 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE HORTENSE MILLER GARDEN INC PURPOSE: GENERAL | $19,846 |
MASSEN GREENE FOUNDATION PURPOSE: GENERAL | $178,617 |