Laura Ellen & Robert Muglia Family Foundation 340-74c18
- Assets
- $72.2m
- Revenue
- $1.9m
- Investments
- $71.1m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 07/2001
- Data as of
- 01/2023
- EIN
- 91-6525838
Organization Overview
Laura Ellen & Robert Muglia Family Foundation 340-74c18 is located in Pennington, NJ. The organization was established in 2001. 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. Laura Ellen & Robert Muglia Family Foundation 340-74c18 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 01/2023, Laura Ellen & Robert Muglia Family Foundation 340-74c18 generated $1.9m in total revenue. All expenses for the organization totaled $1.9m during the year ending 01/2023. While expenses have increased by 45.3% per year over the past 3 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.
Since 2022, Laura Ellen & Robert Muglia Family Foundation 340-74c18 has awarded 24 individual grants totaling $892,500. 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 |
|---|---|---|---|
Laura Ellen Muglia Co-Trustee | 1 | $0 | |
Robert L Muglia Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $987,609 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $914,073 |
| Capital Gain Net Income | $974,875 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,901,682 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $767,433 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,345 |
| Total operating and administrative expenses | $1,442,754 |
| Contributions, gifts, grants paid | $492,500 |
| Total expenses and disbursements | $1,935,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,057,378 |
| 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 | $3,519,699 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,412 |
| Total assets | $72,186,657 |
| 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, Laura Ellen & Robert Muglia Family Foundation 340-74c18 has awarded $492,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BIGHORN GOLF CLUB CHARITIES PURPOSE: IMPROVE AND ENRICH LIVES OF COACHELLA VALLEY RESIDENTS AND PROVIDE FUNDING FOR BREAST CANCER RESEARCH AND TREATMENT. | $10,000 |
BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY PURPOSE: MBA '80 CLASS FUND OF THE GRADUATE SCHOOL OF BUSINESS | $10,000 |
EPISCOPAL RELIEF AND DEVELOPMENT PURPOSE: GENDER-BASED VIOLENCE PROGRAMS | $275,000 |
FAMILY HEALTH MINISTRIES INC PURPOSE: DEVOTED TO MATERNAL AND CHILD HEALTH AND EDUCATION IN HAITI | $10,000 |
FRIENDS SCHOOL OF BALTIMORE INC PURPOSE: DONALD HURST WILSON, JR. SCHOLARSHIP FUND | $10,000 |
SEATTLE CHILDREN'S HOSPITAL FOUNDATION PURPOSE: MUGLIA FAMILY ENDOWMENT SUPPORTING CHILD PSYCHIATRY | $50,000 |