Marshall & Margherite Mccomb Founda Tion
- Assets
- $13.2m
- Revenue
- $1.1m
- Investments
- $12.4m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 02/2005
- Data as of
- 12/2022
- EIN
- 20-6195475
Organization Overview
Marshall & Margherite Mccomb Founda Tion is located in Los Angeles, CA. The organization was established in 2005. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshall & Margherite Mccomb Founda Tion 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, Marshall & Margherite Mccomb Founda Tion generated $1.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 8.3% 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.
Since 2019, Marshall & Margherite Mccomb Founda Tion has awarded 78 individual grants totaling $2,790,906. 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
N/A
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Northern Trust Company | 12/30/22 | $74,204 |
Carnegie Capital Asset Mgmt | 12/30/22 | $108,718 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $409,123 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $444,955 |
| Capital Gain Net Income | $444,955 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $272,694 |
| Total Revenue | $1,126,773 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $139,682 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58,855 |
| Total operating and administrative expenses | $418,459 |
| Contributions, gifts, grants paid | $1,010,000 |
| Total expenses and disbursements | $1,428,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $742,066 |
| 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 | $28,200 |
| Investments—mortgage loans | $0 |
| Investments—other | $35,292 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,216,957 |
| 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, Marshall & Margherite Mccomb Founda Tion has awarded $1,010,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA LOS ANGELES PURPOSE: TO PROVIDE SUPPORT FOR ADULT CYSTIC FIBROSIS PROGRAM | $50,000 |
MOUNT SAINT MARY'S UNIVERSITY PURPOSE: TO SUPPORT THE STUDENT SCHOLARSHIPS | $50,000 |
THE OREGON INSTITUTE FOR CREATIVE RESEARCH PURPOSE: TO SUPPORT THE WALDORF TREE PLANTING | $10,000 |
PROJECT X FOUNDATION FOR ART & CRITICISM PURPOSE: TO SUPPORT THE ART JOURNAL X-TRA AND ITS ONLINE PLATFORM | $10,000 |
DESIGN HISTORY FOUNDATION INC (DBA PLACES JOURNAL) PURPOSE: TO SUPPORT THE PRODUCTION OF PLACES JOURNAL SO THAT IT MAY REMAIN EDITORIALLY INDEPENDENT AND FREE | $5,000 |
UC REGENTS JEFFREY SUH'S FUND PURPOSE: TO SUPPORT THE RESEARCH PROGRAM | $50,000 |