Magnetar Capital Foundation
- Assets
- $27.3k
- Revenue
- $2.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Evanston, IL
- Founding
- 12/2012
- Data as of
- 12/2023
- EIN
- 46-0807550
Organization Overview
Magnetar Capital Foundation is located in Evanston, IL. The organization was established in 2012. 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. Magnetar Capital 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, Magnetar Capital Foundation generated $2.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (73.6%) each year. All expenses for the organization totaled $30.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Magnetar Capital Foundation has awarded 177 individual grants totaling $3,707,599. 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
OPERATION OF AN EDUCATIONAL PROGRAM CALLED FINEDGE, FORMERLY KNOWN AS MAGNETAR YOUTH ACADEMY. FINEDGE EDUCATES YOUTH ABOUT THE BASICS OF PERSONAL FINANCE AND INVESTING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Secretary | 1 | $0 | |
Name Not Listed Treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Berlin Rosen Ltd | 12/30/21 | $100,000 |
Due East Partners Llc | 12/30/21 | $68,200 |
Foresight Law Policy Pllc | 12/30/21 | $60,000 |
Steven Botsoe | 12/30/21 | $50,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,467 |
| Interest on Savings | $0 |
| 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 | $557 |
| Total Revenue | $2,024 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,467 |
| Printing and publications | $0 |
| Other expenses | $4,163 |
| Total operating and administrative expenses | $27,410 |
| Contributions, gifts, grants paid | $2,700 |
| Total expenses and disbursements | $30,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,307 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $14,000 |
| 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 | $27,307 |
| Accounts payable and accrued expenses | $31,923 |
| 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 | $31,923 |
Grants Awarded
Over the last fiscal year, Magnetar Capital Foundation has awarded $2,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH & OPPORTUNITY UNITED INC PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
MARWEN FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $200 |