Laurie C Mcgrath Foundation
- Assets
- $61.2m
- Revenue
- $1.1m
- Investments
- $57.0m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- Data as of
- 12/2023
- EIN
- 84-3696962
Organization Overview
Laurie C Mcgrath Foundation is located in San Diego, CA. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurie C Mcgrath 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, Laurie C Mcgrath Foundation generated $1.1m 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 (27.2%) each year.
Since 2020, Laurie C Mcgrath Foundation has awarded 74 individual grants totaling $8,290,813. 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 |
|---|---|---|---|
Laurie C Mcgrath President, Director, Secretary | 0.5 | $0 | |
Edward A Mendis Chief Financial Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $229,609 |
| Dividends & Interest | $1,472,043 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$558,303 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,143,349 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $51,421 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,101 |
| Printing and publications | $0 |
| Other expenses | $10,866 |
| Total operating and administrative expenses | $328,375 |
| Contributions, gifts, grants paid | $3,290,765 |
| Total expenses and disbursements | $3,619,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,950 |
| Savings and temporary cash investments | $4,071,944 |
| Net Accounts receivable | $7,530 |
| 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 | $5,219,353 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $61,208,492 |
| 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, Laurie C Mcgrath Foundation has awarded $3,290,765 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL ABILITY CENTER PURPOSE: ASSISTANCE TO PHYSICALLY CHALLENGED | $20,000 |
NATIONAL ABILITY CENTER PURPOSE: ASSISTANCE TO PHYSICALLY CHALLENGED | $25,000 |
THE SALVATION ARMY PURPOSE: ASSIST POOR AND HUNGRY | $25,000 |
ST GERMAINE CHILDREN'S CHARITY PURPOSE: CHILD ABUSE | $125 |
CENTER FOR A HUMANE ECONOMY PURPOSE: ASSISTANCE TO END ANIMAL TESTING BY DONATION OF 905 SHARES OF CONOCOPHILLIPS ON 12/13/23 (BOOK VALUE OF $51,000 - ORIGINAL COST METHOD, FMV OF $100,966 - HI/LOW METHOD) | $100,966 |
ANIMALS ASIA PURPOSE: ASSISTANCE OF ANIMAL SANCTUARY BY DONATION OF 340 SHARES OF MARATHON PETROLEUM CORP ON 12/4/23 (BOOK VALUE OF $18,740 - ORIGINAL COST METHOD, FMV OF $51,077 - HI/LOW METHOD) | $51,077 |