Malachi 3 Foundation
- Assets
- $1.8m
- Revenue
- $1.3m
- Investments
- $1.6m
- Employees
- 0
- Location
- Tustin, CA
- Founding
- 05/2004
- Data as of
- 12/2022
- EIN
- 20-0500539
Organization Overview
Malachi 3 Foundation is located in Tustin, CA. The organization was established in 2004. 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. Malachi 3 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 12/2022, Malachi 3 Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 21.0% 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, Malachi 3 Foundation has awarded 73 individual grants totaling $6,410,025. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDS TO CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Circle President/di | 0 | $0 | |
Jan Circle Vice Pres./d | 0 | $0 | |
Brendan Circle Treasurer/di | 0 | $1,000 | |
Leah Dodge Secretary/di | 0 | $1,000 | |
Tom Curtis Director | 0 | $1,000 | |
Janice Munemitsu Director | 0 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,203,180 |
| Interest on Savings | $51 |
| Dividends & Interest | $40,666 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,414 |
| Capital Gain Net Income | $35,414 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,279,311 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $601 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $567 |
| Printing and publications | $0 |
| Other expenses | $19,748 |
| Total operating and administrative expenses | $76,009 |
| Contributions, gifts, grants paid | $1,452,524 |
| Total expenses and disbursements | $1,528,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,374 |
| Savings and temporary cash investments | $4,671 |
| 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 | $1,827,215 |
| 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, Malachi 3 Foundation has awarded $1,452,524 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MARINERS CHURCH PURPOSE: GENERAL | $52,524 |
NATIONAL CHRISTIAN FOUNDATION PURPOSE: PROGRAM SUPPORT | $1,385,000 |
AGRICULTURE LEADERSHIP FOUNDATION PURPOSE: SUPPORT PROGRAM | $10,000 |
THE MASTER'S PROGRAM PURPOSE: SUPPORT PROGRAM | $5,000 |