Carolyn And Michael M Minchin Jr Foundation
- Assets
- $1.7m
- Revenue
- $103.9k
- Investments
- $1.6m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 95-4627186
Organization Overview
Carolyn And Michael M Minchin Jr Foundation is located in Los Angeles, CA. The organization was established in 1997. 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. Carolyn And Michael M Minchin Jr 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, Carolyn And Michael M Minchin Jr Foundation generated $103.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $159.3k during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 9 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 2015, Carolyn And Michael M Minchin Jr Foundation has awarded 83 individual grants totaling $989,724. 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 |
|---|---|---|---|
Carolyn Minchin President | 0 | $0 | |
Montgomery Minchin Vice President | 0 | $0 | |
Michael M Minchin III Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,484 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,418 |
| Capital Gain Net Income | $73,418 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,902 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,215 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $57 |
| Total operating and administrative expenses | $15,357 |
| Contributions, gifts, grants paid | $143,975 |
| Total expenses and disbursements | $159,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,358 |
| 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 | $1,633,455 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,749,813 |
| 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, Carolyn And Michael M Minchin Jr Foundation has awarded $143,975 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
B2 THE WORLD PURPOSE: CHARITABLE | $10,000 |
BETHEL CHURCH PURPOSE: CHARITABLE | $450 |
CAMPUS CRUSADE FOR CHRIST INC PURPOSE: CHARITABLE | $6,000 |
FRIENDS OF COMPTON YAL PURPOSE: CHARITABLE | $10,000 |
FULL GOSPEL FELLOWSHIP OF CHURCHES PURPOSE: CHARITABLE | $10,000 |
NOVO MISSION PURPOSE: CHARITABLE | $6,000 |