Monaghan Foundation Inc
- Assets
- $6.8m
- Revenue
- $419.8k
- Investments
- $6.5m
- Employees
- 0
- Location
- Sheldon, SC
- Founding
- 03/2013
- Data as of
- 12/2022
- EIN
- 46-0691137
Organization Overview
Monaghan Foundation Inc is located in Sheldon, SC. The organization was established in 2013. 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. Monaghan 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 12/2022, Monaghan Foundation Inc generated $419.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.3% each year . All expenses for the organization totaled $483.5k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 7 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 2016, Monaghan Foundation Inc has awarded 235 individual grants totaling $2,540,329. 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 |
|---|---|---|---|
Craig Monaghan Director | 0 | $0 | |
Shannon Monaghan President | 0 | $0 | |
Connor Monaghan Vice President | 0 | $0 | |
Kate Monaghan Second Vice President | 0 | $0 | |
Rand Monaghan Treasurer | 0 | $0 | |
Tad Heuer Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $133,318 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $286,511 |
| Capital Gain Net Income | $286,511 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $419,829 |
| 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 | $5,995 |
| Total operating and administrative expenses | $8,495 |
| Contributions, gifts, grants paid | $475,000 |
| Total expenses and disbursements | $483,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,355 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,589,628 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,805,573 |
| 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, Monaghan Foundation Inc has awarded $475,000 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: GENERAL OPERATIONS | $6,000 |
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: GENERAL OPERATIONS | $5,000 |
CHOATE ROSEMARY HALL PURPOSE: GENERAL OPERATIONS | $10,000 |
CAPPER FOUNDATION PURPOSE: GENERAL OPERATIONS | $3,500 |
AMI KIDS BEAUFORT PURPOSE: GENERAL OPERATIONS | $2,000 |
COMMUNITY FOUNDATION OF THE LOWCOUNTRY PURPOSE: GENERAL OPERATIONS | $1,000 |