M Charitable Fund
- Assets
- $0.0
- Revenue
- $1.9m
- Investments
- $3.3m
- Employees
- 0
- Location
- Reston, VA
- Founding
- 11/2019
- Data as of
- 12/2020
- EIN
- 83-6447922
Organization Overview
M Charitable Fund is located in Reston, 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. M Charitable Fund 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 12/2020, M Charitable Fund generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $109.9k during the year ending 12/2020. While expenses have increased by 39.0% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michal L Mekjian Jr Trustee | 1 | $0 | |
Maureen C Mekjian Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,225,866 |
| Interest on Savings | $81 |
| Dividends & Interest | $17,799 |
| Profit on Inventory Sales | $0 |
| Other Income | -$430 |
| Total Revenue | $1,859,078 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $39,939 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $109,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,320,026 |
| Other assets | $7,010 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, M Charitable Fund has awarded $199,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Etna, CA PURPOSE: GENERAL SUPPORT | $112,000 |
HORSES4HEROES PURPOSE: GENERAL SUPPORT | $67,500 |
Las Vegas, NV PURPOSE: STUDENT FINANCIAL AID | $10,000 |
NATIONAL ABILITY CENTER PURPOSE: RED, WHITE & SNOW CAMPAIGN | $5,000 |
Santa Ana, CA PURPOSE: HEARTS FOR THE ARTS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |