Malone Family Land Preservation Foundation
- Assets
- $129.8m
- Revenue
- $1.6m
- Investments
- $96.6m
- Employees
- 0
- Location
- Hobe Sound, FL
- Founding
- 11/2003
- Data as of
- 12/2022
- EIN
- 48-1306827
Organization Overview
Malone Family Land Preservation Foundation is located in Hobe Sound, FL. The organization was established in 2003. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Malone Family Land Preservation 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 12/2022, Malone Family Land Preservation Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Malone Family Land Preservation Foundation has awarded 15 individual grants totaling $1,008,322. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SPENT MONEY TO MAINTAIN PROPERTY THAT IS BEING PROTECTED IN CANADA FROM FUTURE DEVELOPMENT.
THE FOUNDATION PURCHASED ASSETS AND INCURRED ADMINISTRATIVE EXPENSES FOR THE PURPOSE OF RUNNING A JOINT PROJECT WITH THE LAND INSTITUTE.
THE FOUNDATION PURCHASED LAND AND INCURRED ADMINISTRATIVE EXPENSES IN NEW YORK STATE THAT IS BEING PROTECTED FROM FURTHER DEVELOPMENT.
SEE ALSO THE RESPONSES TO THE QUESTIONS IN PART XI
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Malone President/treasurer | 0.5 | $0 | |
Leslie A Malone Vp/secretary | 0.4 | $0 | |
Evan D Malone 2nd Vice President | 0 | $0 | |
Larry Romrell Director | 0.5 | $0 | |
Peter N Zolintakis Director | 0.5 | $0 | |
Rye Austin Executive Director | 27 | $122,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $143,012 |
| Dividends & Interest | $444,927 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $214,607 |
| Capital Gain Net Income | $214,607 |
| Net ST Capital Gain | $215,875 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $770,502 |
| Total Revenue | $1,573,048 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $313,008 |
| Pension plans, employee benefits | $200,873 |
| Interest | $0 |
| Taxes | $59,317 |
| Depreciation | $624,640 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,029,538 |
| Total operating and administrative expenses | $3,261,544 |
| Contributions, gifts, grants paid | $7,000 |
| Total expenses and disbursements | $3,268,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,323,479 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $334,935 |
| 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 | $47,733,130 |
| Net Land, buildings, and equipment | $31,552,386 |
| Other assets | $0 |
| Total assets | $129,786,459 |
| 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, Malone Family Land Preservation Foundation has awarded $7,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
4-H ELBERT COUNTY PURPOSE: GENERAL DONATION | $2,500 |
FOWLER FFA PURPOSE: GENERAL DONATION | $1,600 |
ARKANSAS VALLEY FAIR LIVESTOCK SHOW PURPOSE: GENERAL DONATION | $2,900 |