Margaret A@darrin Charitable Trust
- Assets
- $111.4m
- Revenue
- $6.3m
- Investments
- $90.6m
- Employees
- 0
- Location
- Florham Park, NJ
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-6723443
Organization Overview
Margaret A@darrin Charitable Trust is located in Florham Park, NJ. 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. Margaret A@darrin Charitable Trust 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, Margaret A@darrin Charitable Trust generated $6.3m 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 (37.5%) each year. All expenses for the organization totaled $8.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Margaret A@darrin Charitable Trust has awarded 226 individual grants totaling $26,801,000. 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
N/A
N/A
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 |
|---|---|---|---|
Michael T Hanifin Co-Trustee | 30 | $330,000 | |
Kevin J O'donnell Co-Trustee | 15 | $165,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,300 |
| Interest on Savings | $383,381 |
| Dividends & Interest | $2,340,825 |
| Net Rental Income | $37,341 |
| Net Gain on Sale of Assets | $3,470,101 |
| Capital Gain Net Income | $3,470,101 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,758 |
| Total Revenue | $6,332,365 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $495,000 |
| Other employee salaries and wages | $111,130 |
| Pension plans, employee benefits | $142,646 |
| Interest | $0 |
| Taxes | $176,304 |
| Depreciation | $28,574 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $99,201 |
| Total operating and administrative expenses | $1,688,368 |
| Contributions, gifts, grants paid | $6,830,000 |
| Total expenses and disbursements | $8,518,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,815,178 |
| 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 | $574,328 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,745,308 |
| Net Land, buildings, and equipment | $387,801 |
| Other assets | $400 |
| Total assets | $111,406,537 |
| 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 | $5,850 |
| Total liabilities | $5,850 |
Grants Awarded
Over the last fiscal year, Margaret A@darrin Charitable Trust has awarded $6,830,000 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: TO FURTHER ADVANCE THE ORGANIZATIONS CHARITABLE PURPOSE | $7,500 |
ALZHEIMER'S ASSOCIATION PURPOSE: TO FURTHER ADVANCE THE ORGANIZATIONS CHARITABLE PURPOSE | $7,500 |
AMERICAN HEART ASSOCIATION PURPOSE: TO FURTHER ADVANCE THE ORGANIZATIONS CHARITABLE PURPOSE | $7,500 |
AMERICAN LUNG ASSOCIATION PURPOSE: TO FURTHER ADVANCE THE ORGANIZATIONS CHARITABLE PURPOSE | $7,500 |
AMERICAN RED CROSS - DISASTER RELIEF PURPOSE: TO FURTHER ADVANCE THE ORGANIZATIONS CHARITABLE PURPOSE | $150,000 |
ANDEAN HEALTH & DEVELOPMENT UW DEPARTMENT OF FAMILY MEDICINE PURPOSE: TO FURTHER ADVANCE THE ORGANIZATIONS CHARITABLE PURPOSE | $100,000 |