Mountain Laurel Foundation
- Assets
- $1.4m
- Revenue
- $67.9k
- Investments
- $1.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/1998
- Data as of
- 12/2023
- EIN
- 54-1845267
Organization Overview
Mountain Laurel Foundation is located in Wilmington, DE. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mountain Laurel 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 12/2023, Mountain Laurel Foundation generated $67.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $198.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mountain Laurel Foundation has awarded 158 individual grants totaling $965,205. 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
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 |
|---|---|---|---|
Antonia Dupont Bredin Massie Pres/secy/treas | 0.5 | $0 | |
Aletta Dupont Bredin-Bell Director | 0.25 | $0 | |
Laura Louise Bredin Hussey Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $67,667 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $226 |
| Total Revenue | $67,893 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $653 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $120 |
| Total operating and administrative expenses | $42,447 |
| Contributions, gifts, grants paid | $156,000 |
| Total expenses and disbursements | $198,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30 |
| Savings and temporary cash investments | $121,340 |
| 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 | $1,409,658 |
| 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 | $93 |
| Total liabilities | $93 |
Grants Awarded
Over the last fiscal year, Mountain Laurel Foundation has awarded $156,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS OF CENTRAL VIRGINIA PURPOSE: GENERAL PURPOSES | $2,500 |
BRANDYWINE CONSERVANCY & MUSEUM OF ART PURPOSE: GENERAL PURPOSES | $5,000 |
CATALINA ISLAND CONSERVANCY PURPOSE: GENERAL PURPOSES | $1,000 |
CHARLOTTESVILLE WALDORF SCHOOL PURPOSE: GENERAL PURPOSES | $3,000 |
CHILDCARE LEARNING CENTER PURPOSE: GENERAL PURPOSES | $1,000 |
COMMUNITY FOUNDATION FOR NANTUCKET PURPOSE: GENERAL PURPOSES | $1,000 |