Melvin D Close Foundation
- Assets
- $329.6k
- Revenue
- -$1.7k
- Investments
- $329.5k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 05/1967
- Data as of
- 03/2023
- EIN
- 88-6006986
Organization Overview
Melvin D Close Foundation is located in Las Vegas, NV. The organization was established in 1967. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Melvin D Close Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Melvin D Close Foundation has awarded 153 individual grants totaling $213,098. 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 |
|---|---|---|---|
Melvin D Close Jr President | 0.5 | $0 | |
Jack Close Sec/treasurer | 0 | $0 | |
Patricia Close Vice President | 0 | $0 | |
David Close Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,698 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,358 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$1,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $464 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,509 |
| Total operating and administrative expenses | $9,149 |
| Contributions, gifts, grants paid | $14,200 |
| Total expenses and disbursements | $23,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $10 |
| 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 | $10,741 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $329,613 |
| 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, Melvin D Close Foundation has awarded $14,200 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
VEGAS PBS PURPOSE: UNRESTRICTED | $2,100 |
RESULTS EDUCATION FUND PURPOSE: UNRESTRICTED | $1,500 |
FAMILY TO FAMILY CONNECTION PURPOSE: UNRESTRICTED | $200 |
UNLV FOUNDATION PURPOSE: UNRESTRICTED | $100 |
NEVADA PUBLIC RADIO PURPOSE: UNRESTRICTED | $100 |
LDS - MCDOWELL WARD PURPOSE: UNRESTRICTED | $4,800 |