Musgrave Family Foundation Inc
- Assets
- $105.1k
- Revenue
- $1.8k
- Investments
- $95.4k
- Employees
- 0
- Location
- Edmond, OK
- Founding
- 11/2015
- Data as of
- 12/2021
- EIN
- 47-5537392
Organization Overview
Musgrave Family Foundation Inc is located in Edmond, OK. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Musgrave Family 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 12/2021, Musgrave Family Foundation Inc generated $1.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (48.4%) each year. All expenses for the organization totaled $5.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED FUNDS IN SUPPORT OF Y PROGRAMS SERVING THE PHYSICALLY AND DEVELOPMENTALLY DISABLED
DONATED FUNDS IN SUPPORT OF THE HOMELESS ALLIANCE'S PROGRAMS TO ASSIST IN PROVIDING HOUSING FOR THE HOMELESS
DONATED FUNDS SUPPORTING THE PARTNER AGENCIES OF THE UNITED WAY
SUPPORT THE FOUNDATION'S PROGRAMS SERVING YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Masse Director | 1 | $0 | |
Charles Musgrave President | 5 | $0 | |
Anita Musgrave Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,777 |
| 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 | $0 |
| Total Revenue | $1,777 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $71 |
| Total operating and administrative expenses | $90 |
| Contributions, gifts, grants paid | $5,750 |
| Total expenses and disbursements | $5,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,868 |
| Savings and temporary cash investments | $5,764 |
| 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 | $0 |
| Total assets | $105,051 |
| 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, Musgrave Family Foundation Inc has awarded $5,750 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Oklahoma City, OK PURPOSE: SUPPORT PROGRAM TO ASSIST THE HOMELESS | $2,500 |
YMCA OF GREATER OKC PURPOSE: PROVIDE FUNDING FOR SPORTS PROGRAM FOR DISABLED INDIVIDUALS | $2,500 |
UNITED WAY OF OKC PURPOSE: SUPPORT ACTIVITIES OF UNITED WAY PARTNER AGENCIES | $500 |
NORTH WEST OKC ROTARY FND PURPOSE: SUPPORT CHARITABLE WORK OF THE FOUNDATION | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Schlessman Foundation Inc Denver, CO | $82,645,895 | $9,127,697 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Robert M Beren Foundation Inc Wichita, KS | $0 | $13,792,730 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Hermann Family Foundation St Louis, MO | $60,142,710 | $16,411,582 |