Meldrum Foundation
- Assets
- $28.8m
- Revenue
- $857.2k
- Investments
- $28.5m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 87-0657244
Organization Overview
Meldrum Foundation is located in Salt Lake City, UT. The organization was established in 2000. 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. Meldrum 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, Meldrum Foundation generated $857.2k 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 (15.7%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Meldrum Foundation has awarded 72 individual grants totaling $5,782,080. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher S Meldrum Exec Dir | 0 | $0 | |
Catherine R Meldrum Sec/treas | 0 | $0 | |
Jennette D Meldrum Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $548,846 |
| Dividends & Interest | $566,180 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$297,433 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39,623 |
| Total Revenue | $857,216 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,275 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,959 |
| Printing and publications | $0 |
| Other expenses | $87,335 |
| Total operating and administrative expenses | $112,519 |
| Contributions, gifts, grants paid | $1,295,500 |
| Total expenses and disbursements | $1,408,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,718 |
| Savings and temporary cash investments | $0 |
| 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 | $28,823,731 |
| 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, Meldrum Foundation has awarded $1,295,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
EAST DURHAM CHILDREN'S INITIATIVE PURPOSE: CHILD DEVELOPMENT - PRE-SCHOOL | $100,000 |
FLYING KITES PURPOSE: KENYA HUMANITARIAN AID: LITERACY | $62,500 |
FOREST VIEW ELEMENTARY SCHOOL PURPOSE: EDUCATION | $75,000 |
HOPE RENOVATIONS PURPOSE: WOMEN IN TRADES TRAINING PROGRAM | $28,500 |
JORDAN HIGH SCHOOL PURPOSE: EDUCATION | $50,000 |
NATURAL HISTORY MUSEUM OF UTAH PURPOSE: MUSEUM SPECIAL EXHIBIT - THE NATURE OF COLOR | $75,000 |