Major Family Foundation
- Assets
- $5.7m
- Revenue
- $172.4k
- Investments
- $5.5m
- Employees
- 0
- Location
- Purcellville, VA
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-1658260
Organization Overview
Major Family Foundation is located in Purcellville, VA. The organization was established in 2019. 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. Major Family 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, Major Family Foundation generated $172.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (50.8%) each year. All expenses for the organization totaled $288.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Major Family Foundation has awarded 45 individual grants totaling $1,133,150. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Major Director/secretary-Treasurer | 1 | $0 | |
Lara Major Director/president | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,896 |
| Dividends & Interest | $102,604 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,881 |
| Capital Gain Net Income | $54,750 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $172,381 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,052 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $25,778 |
| Contributions, gifts, grants paid | $263,100 |
| Total expenses and disbursements | $288,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $134,532 |
| 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 | $185,824 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,650,691 |
| 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 |
Grants Awarded
Over the last fiscal year, Major Family Foundation has awarded $263,100 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALL AGES READ TOGETHER (AART) PURPOSE: GENERAL SUPPORT | $32,600 |
COMM FOUND FOR LOUDOUN & N FAUQUIER (CFLNC) PURPOSE: SUPPORT FOR 100 WOMEN STRONG, LOUDOUN IMPACT FUND AND FRIEND OF FOUNDATION | $17,000 |
INOVA HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
JMU FOUNDATION INC PURPOSE: SUPPORT FOR COB COMPLEX AND AMETHYST FOUNDERS CIRCLE | $132,500 |
LOUDOUN LITERACY PURPOSE: GENERAL SUPPORT | $1,500 |
LOUDOUN HUNGER RELIEF PURPOSE: GENERAL SUPPORT | $10,000 |