Modzelewski Charitable Tr Us 100196
- Assets
- $118.4m
- Revenue
- $12.0m
- Investments
- $116.5m
- Employees
- 0
- Location
- Reston, VA
- Founding
- 10/1997
- Data as of
- 09/2023
- EIN
- 13-7098625
Organization Overview
Modzelewski Charitable Tr Us 100196 is located in Reston, VA. The organization was established in 1997. 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. Modzelewski Charitable Tr Us 100196 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 09/2023, Modzelewski Charitable Tr Us 100196 generated $12.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $4.6m during the year ending 09/2023. While expenses have increased by 3.9% per year over the past 4 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $734,157 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,251,668 |
| Capital Gain Net Income | $11,251,668 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,985,825 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,910 |
| Printing and publications | $0 |
| Other expenses | $39,538 |
| Total operating and administrative expenses | $172,448 |
| Contributions, gifts, grants paid | $4,400,000 |
| Total expenses and disbursements | $4,572,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,986,441 |
| 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 | $109,499,976 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $118,439,167 |
| 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, Modzelewski Charitable Tr Us 100196 has awarded $2,400,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VANGUARD CHARITABLE ENDOWMENT PROGRAM PURPOSE: FURTHER GENERAL PURPOSE OF CHARITY | $2,400,000 |
YVCFCATAMOUNT SCHOLARSHIP FUND PURPOSE: FURTHER GENERAL PURPOSE OF CHARITY | $600 |