Malbis Memorial Foundation George Malbis
- Assets
- $4.6m
- Revenue
- $290.3k
- Investments
- $3.9m
- Employees
- 0
- Location
- Daphne, AL
- Founding
- 11/1947
- Data as of
- 12/2022
- EIN
- 63-6044881
Organization Overview
Malbis Memorial Foundation George Malbis is located in Daphne, AL. The organization was established in 1947. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Malbis Memorial Foundation George Malbis 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, Malbis Memorial Foundation George Malbis generated $290.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $290.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Malbis Memorial Foundation George Malbis has awarded 294 individual grants totaling $1,077,010. 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
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angelo Mathews President | 3 | $0 | |
George Scourtes Vice President | 1 | $0 | |
George Kalasountas Treasurer | 1 | $0 | |
Dimitrios Mathews Secretary | 1 | $0 | |
Regions Bank Trustee | 1 | $38,739 | |
Antonia Cleondis Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,891 |
| Interest on Savings | $0 |
| Dividends & Interest | $110,141 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $172,287 |
| Capital Gain Net Income | $172,287 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $290,319 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,016 |
| Other employee salaries and wages | $1,267 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,784 |
| Depreciation | $18,095 |
| Occupancy | $20,048 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $68,661 |
| Total operating and administrative expenses | $188,671 |
| Contributions, gifts, grants paid | $102,000 |
| Total expenses and disbursements | $290,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,649 |
| Savings and temporary cash investments | $87,498 |
| 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 | $5,095 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $456,153 |
| Other assets | $81,411 |
| Total assets | $4,603,141 |
| Accounts payable and accrued expenses | $2,524 |
| 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 | -$66,517 |
| Total liabilities | -$63,993 |
Grants Awarded
Over the last fiscal year, Malbis Memorial Foundation George Malbis has awarded $103,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ANNUNCIATION GREEK CHURCH MOBILE PURPOSE: COMMUNITY WELFARE | $11,500 |
RONALD MCDONALD HOUSE PURPOSE: COMMUNITY WELFARE | $2,000 |
PENELOPE HOUSE PURPOSE: COMMUNITY WELFARE | $2,000 |
ALABAMA FREE CLINIC PURPOSE: COMMUNITY WELFARE | $4,000 |
THE EXCEPTIONAL FOUNDATION OF GULF PURPOSE: COMMUNITY WELFARE | $2,000 |
SPANISH FORT VOLUNTEER FIRE PURPOSE: COMMUNITY WELFARE | $1,000 |