Michele Malanga Foundation is located in Bluffton, SC.
For the year ending 05/2018, Michele Malanga Foundation generated $100.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $114.5k during the year ending 05/2018. While expenses have increased by 13.0% per year over the past 3 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ORGANIZED CHARITABLE 501 (C) (3)3 TOTAL RECIPIENTS INCLUDING 3 RELIGIOUS ORGANIZATIONS RECEIVING100 % OF THE FOUNDATION'S DONATIONS DURING THE YEAR
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $99,180 |
Interest on Savings | $7 |
Dividends & Interest | $14 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $87,730 |
Net ST Capital Gain | $87,730 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $1,386 |
Total Revenue | $100,587 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $1,142 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $1,142 |
Contributions, gifts, grants paid | $113,340 |
Total expenses and disbursements | $114,482 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $0 |
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 |
Over the last fiscal year, Michele Malanga Foundation has awarded $113,340 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
SUSTAINING HOPE CATHOLIC PURPOSE: DONATION | $100,000 |
ST GREGORY THE GREAT PURPOSE: DONATION | $12,000 |
ST ANTHONY MISSION PURPOSE: DONATION | $1,340 |
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