Marc And Jeanne Malnati Family Foundation Inc
- Assets
- $529.1k
- Revenue
- $600.0k
- Investments
- $110.9k
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-2424720
Organization Overview
Marc And Jeanne Malnati Family Foundation Inc is located in Schaumburg, IL. 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. Marc And Jeanne Malnati Family Foundation Inc 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 12/2021, Marc And Jeanne Malnati Family Foundation Inc generated $600.0k in total revenue. All expenses for the organization totaled $1.8m during the year ending 12/2021.
Since 2020, Marc And Jeanne Malnati Family Foundation Inc has awarded 99 individual grants totaling $3,426,072. 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 |
|---|---|---|---|
Kelsey Malnati Howell Executive Di | 30 | $46,667 | |
Keith Cantrell Asst Secreta | 0.5 | $0 | |
Marc Malnati President | 0.5 | $0 | |
Jeanne Malnati Vice Preside | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| Dividends & Interest | $21,704 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $578,243 |
| Capital Gain Net Income | $578,243 |
| Net ST Capital Gain | $11,305 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $87 |
| Total Revenue | $600,043 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $46,667 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,884 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,195 |
| Printing and publications | $0 |
| Other expenses | $12,770 |
| Total operating and administrative expenses | $83,320 |
| Contributions, gifts, grants paid | $1,728,638 |
| Total expenses and disbursements | $1,811,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $410,137 |
| Savings and temporary cash investments | $8,073 |
| 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 | $529,131 |
| 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, Marc And Jeanne Malnati Family Foundation Inc has awarded $1,728,638 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWESTERN MEMORIAL FDN PURPOSE: GENERAL FUNDS | $480,000 |
Chicago, IL PURPOSE: READI CHICAGO | $150,000 |
UNITED WAY OF METRO CHICAGO PURPOSE: COMMUNITY LEADERSHIP FELLOWS AND GAR | $125,000 |
THE SALVATION ARMY CHICAGO PURPOSE: STOP-IT PROGRAM AND METRO SOCIAL SER | $80,000 |
COLLABORACTION PURPOSE: YOUTH PROGRAMMING | $60,000 |
BREAKTHROUGH URBAN MINISTRIES PURPOSE: GENERAL OPERATIONS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |
The Walsh Foundation Chicago, IL | $179,756,510 | $18,008,076 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
Saul Zaentz Charitable Foundation Glenview, IL | $31,204,978 | $8,995,660 |
The John And Kathleen Schreiber Foundation Lake Forest, IL | $89,899,268 | $85,376,815 |