Margetts Foundation
- Assets
- $81.3k
- Revenue
- $13.8k
- Investments
- $63.3k
- Employees
- 0
- Location
- Boca Grande, FL
- Founding
- 11/1958
- Data as of
- 12/2022
- EIN
- 22-6041532
Organization Overview
Margetts Foundation is located in Boca Grande, FL. The organization was established in 1958. 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. Margetts 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, Margetts Foundation generated $13.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $130.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Margetts Foundation has awarded 348 individual grants totaling $418,889. 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
NOT APPLICABLE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Thomas Margetts President | 5 | $0 | |
Donna D Margetts Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18 |
| Dividends & Interest | $13,774 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,792 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $520 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $531 |
| Total operating and administrative expenses | $3,036 |
| Contributions, gifts, grants paid | $127,325 |
| Total expenses and disbursements | $130,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,946 |
| 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 | $81,264 |
| 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, Margetts Foundation has awarded $127,325 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
BOCA GRANDE WOME'S CLUB PURPOSE: SERVICE | $1,000 |
BOCA GRANDE HEALTH CLINIC FOUNDATION PURPOSE: MEDICAL | $1,000 |
BOCA GRANDE HISTORICAL SOCIETY PURPOSE: EDUCATION | $125 |
BLOOMFIELD COLLEGE PURPOSE: EDUCATION | $100 |
COLONIAL WILLIAMSBURG FOUNDATION PURPOSE: HISTORICAL | $150 |
CHARLOTTE COMMUNITY FOUNDATION PURPOSE: SERVICCE | $1,000 |