Mar Vista Charitable Foundation
- Assets
- $210.7k
- Revenue
- $93.6k
- Investments
- $177.6k
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 02/1999
- Data as of
- 12/2023
- EIN
- 95-4715090
Organization Overview
Mar Vista Charitable Foundation is located in Minnetonka, MN. The organization was established in 1999. 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. Mar Vista Charitable 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, Mar Vista Charitable Foundation generated $93.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 44.5% each year . All expenses for the organization totaled $78.6k during the year ending 12/2023. While expenses have increased by 27.3% per year over the past 8 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, Mar Vista Charitable Foundation has awarded 141 individual grants totaling $390,865. 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 |
|---|---|---|---|
Robert Schmaltz President | 1 | $0 | |
Brooke Clements Vice President/treasurer | 1 | $0 | |
Silas A Myers Director | 1 | $0 | |
James Redington Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,000 |
| Interest on Savings | $2 |
| Dividends & Interest | $2,163 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,482 |
| Capital Gain Net Income | $11,482 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $93,647 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $1,855 |
| Contributions, gifts, grants paid | $76,722 |
| Total expenses and disbursements | $78,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,175 |
| Savings and temporary cash investments | $18,998 |
| 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 | $210,728 |
| 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, Mar Vista Charitable Foundation has awarded $76,722 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHER BIG SISTER OF GREATER LOS ANGELES INC PURPOSE: SUPPORT OF PUBLIC PROGRAMS | $10,000 |
BOYS HOPE GIRLS HOPE OF CALIFORNIA INC PURPOSE: 2023 CASINO NIGHT | $1,500 |
CLEAN WATER FUND PURPOSE: SUPPORT OF PUBLIC PROGRAMS | $72 |
COUNCIL OF URBAN PROFESSIONALS INC PURPOSE: SUPPORT OF PUBLIC PROGRAMS | $7,000 |
DOWN SYNDROME ASSOCIATION OF MINNESOTA PURPOSE: SUPPORT OF PUBLIC PROGRAMS | $5,000 |
FRED ASSAM ELEMENTARY PURPOSE: SUPPORT OF PUBLIC PROGRAMS | $250 |