Mildred E & Harvey S Mudd Foundation
- Assets
- $18.1m
- Revenue
- $1.3m
- Investments
- $17.6m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/1957
- Data as of
- 05/2023
- EIN
- 95-6021276
Organization Overview
Mildred E & Harvey S Mudd Foundation is located in Los Angeles, CA. The organization was established in 1957. 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. Mildred E & Harvey S Mudd 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 05/2023, Mildred E & Harvey S Mudd Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $1.6m during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Mildred E & Harvey S Mudd Foundation has awarded 97 individual grants totaling $3,692,419. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Norman Sprague Trustee | 1 | $0 | |
Caryll S Mingst Trustee | 1 | $0 | |
Cynthia S Connolly Trustee | 1 | $0 | |
Elizabeth S Day Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $469 |
| Dividends & Interest | $526,808 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $706,478 |
| Capital Gain Net Income | $706,478 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,222 |
| Total Revenue | $1,255,977 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $9,387 |
| Taxes | $77,295 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $145,704 |
| Total operating and administrative expenses | $265,322 |
| Contributions, gifts, grants paid | $1,309,250 |
| Total expenses and disbursements | $1,574,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $442,325 |
| 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 | $5,111,266 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,087,393 |
| 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, Mildred E & Harvey S Mudd Foundation has awarded $1,309,250 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
AUTRY NATIONAL CENTER PURPOSE: QUALIFIED CHARITABLE EXEMPT PURPOSE | $140,000 |
TRUST FOR PUBLIC LAND PURPOSE: QUALIFIED CHARITABLE EXEMPT PURPOSE | $30,000 |
CALM SANTA BARBARA PURPOSE: QUALIFIED CHARITABLE EXEMPT PURPOSE | $2,000 |
FOUNDATION FOR WOMEN WARRIORS PURPOSE: QUALIFIED CHARITABLE EXEMPT PURPOSE | $10,000 |
CATE SCHOOL PURPOSE: QUALIFIED CHARITABLE EXEMPT PURPOSE | $128,000 |
GWENDOLYN STRONG FOUNDATION PURPOSE: QUALIFIED CHARITABLE EXEMPT PURPOSE | $75,000 |