Delman Mortenson Charitable Foundation
- Assets
- $11.4m
- Revenue
- $181.1k
- Investments
- $8.6m
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 54-1739798
Organization Overview
Delman Mortenson Charitable Foundation is located in Alexandria, VA. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Delman Mortenson Charitable 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, Delman Mortenson Charitable Foundation generated $181.1k 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 (27.7%) each year. All expenses for the organization totaled $459.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Delman Mortenson Charitable Foundation has awarded 33 individual grants totaling $786,153. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $242,525 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$61,385 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $181,140 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,280 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,524 |
| Total operating and administrative expenses | $175,321 |
| Contributions, gifts, grants paid | $284,403 |
| Total expenses and disbursements | $459,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,800,376 |
| Savings and temporary cash investments | $734 |
| 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 | $11,422,166 |
| 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 | $512 |
| Total liabilities | $512 |
Grants Awarded
Over the last fiscal year, Delman Mortenson Charitable Foundation has awarded $284,403 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE CONTRIBUTION | $24,763 |
CAPITAL CARING PURPOSE: CHARITABLE CONTRIBUTION | $82,699 |
HOUSE OF RUTH PURPOSE: CHARITABLE CONTRIBUTION | $46,017 |
INOVA HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT | $6,000 |
RENSSELAER POLYTECHNIC INSTITUTE PURPOSE: GENERAL SUPPORT | $50,000 |
THE CIA OFFICES MEMORIAL FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $12,000 |