Melton Foundation
- Assets
- $8.9m
- Revenue
- $174.4k
- Investments
- $8.8m
- Employees
- 3
- Location
- Wilmington, DE
- Founding
- 06/1992
- Data as of
- 12/2022
- EIN
- 54-1565779
Organization Overview
Melton Foundation is located in Wilmington, DE. The organization was established in 1992. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2022, Melton Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Melton 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, Melton Foundation generated $174.4k 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 (8.7%) each year. All expenses for the organization totaled $741.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Melton Foundation has awarded 218 individual grants totaling $406,872. 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
GLOBAL ANNUAL CONFERENCE:EACH YEAR, THE MELTON FOUNDATION HOSTS A SEVEN-TO-TEN DAY SERIES OF ACTIVITIES FOCUSED ON GLOBAL CITIZENSHIP. THE CONFERENCE CONVENES ABOUT 100 MELTON FELLOWS, FACULTY FROM PARTICIPATING UNIVERSITIES, AND LEADING GLOBAL CITIZENSHIP ADVOCATES, PRACTITIONERS, AND EXPERTS FOR THREE PRIMARY PURPOSES: COMMUNITY, LEARNING AND ADVOCACY.
A PORTFOLIO OF HANDS-ON PROJECTS AND ACTIVITIES THAT INVOLVE A GROWING NETWORK OF MELTON FELLOWS, PARTNER UNIVERSITIES, AND PARTNERS IN DIVERSE WORLD REGIONS FROM CHILE, CHINA, GERMANY, INDIA, GHANA, AND THE UNITED STATES WHO SHARE A COMMITMENT TO PROMOTING GLOBAL CITIZENSHIP. THE PROGRAMS AND ACTIVITIES ARE CENTERED ON PROMOTING GLOBAL CITIZENSHIP AS A WAY FOR PEOPLE AND INSTITUTIONS TO ADDRESS TODAY'S GLOBAL CHALLENGES.
PROGRAM GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andre Reichel Treasurer | 1 | $0 | |
Dr H N Suma Director | 2 | $0 | |
Dr Jagadeesh H S Director | 6 | $0 | |
Mbiseh Clara Forbuzo Director | 1 | $0 | |
Marissa Scott Director | 1 | $0 | |
Megan Williams Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,246 |
| Interest on Savings | $0 |
| Dividends & Interest | $226,847 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$70,259 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $1,529 |
| Other Income | $0 |
| Total Revenue | $174,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,610 |
| Other employee salaries and wages | $264,875 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,277 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $128,715 |
| Printing and publications | $0 |
| Other expenses | $77,680 |
| Total operating and administrative expenses | $634,198 |
| Contributions, gifts, grants paid | $107,336 |
| Total expenses and disbursements | $741,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,658 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $27,249 |
| 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 | $2,270 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,664 |
| Total assets | $8,939,543 |
| Accounts payable and accrued expenses | $19,780 |
| 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 | $517 |
| Total liabilities | $20,297 |
Grants Awarded
Over the last fiscal year, Melton Foundation has awarded $107,336 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
BLESSED TOFARA CHIDHONI PURPOSE: FELLOWSHIP (GLOBAL CITIZENSHIP LEARNING) 2022 GCC IN GERMANY. | $1,973 |
PALAK AGARWAL PURPOSE: FELLOWSHIP (GLOBAL CITIZENSHIP LEARNING) 2022 GCC IN GERMANY. | $2,161 |
SABREESH SEKAR PURPOSE: FELLOWSHIP (GLOBAL CITIZENSHIP LEARNING) 2022 GCC IN GERMANY. | $1,466 |
SANGEETHA SUNDARAM PURPOSE: FELLOWSHIP (GLOBAL CITIZENSHIP LEARNING) 2022 GCC IN GERMANY. | $2,161 |
SHRAVANI VANGUR PURPOSE: FELLOWSHIP (GLOBAL CITIZENSHIP LEARNING) 2022 GCC IN GERMANY. | $2,161 |
YASHASWINI SANJEEV PURPOSE: FELLOWSHIP (GLOBAL CITIZENSHIP LEARNING) 2022 GCC IN GERMANY. | $2,434 |