Caroline & Roxanna Montrose Educational Foundation
- Assets
- $418.4k
- Revenue
- $33.7k
- Investments
- $329.1k
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 09/1975
- Data as of
- 06/2024
- EIN
- 23-7411509
Organization Overview
Caroline & Roxanna Montrose Educational Foundation is located in Los Altos, CA. The organization was established in 1975. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caroline & Roxanna Montrose Educational 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 06/2024, Caroline & Roxanna Montrose Educational Foundation generated $33.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $75.6k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Caroline & Roxanna Montrose Educational Foundation has awarded 58 individual grants totaling $1,037,050. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric S Millar President/tstee | 5 | $13,137 | |
Holly D Millar Secretary/tstee | 5 | $13,136 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,116 |
| Dividends & Interest | $29,526 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,995 |
| Capital Gain Net Income | $2,995 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $48 |
| Total Revenue | $33,685 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,273 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,640 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,248 |
| Total operating and administrative expenses | $45,611 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $75,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,206 |
| 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 | $418,352 |
| 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 | $1,541 |
| Total liabilities | $1,541 |
Grants Awarded
Over the last fiscal year, Caroline & Roxanna Montrose Educational Foundation has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TRES ISLAS ORPHANAGE FUND PURPOSE: PROVIDE SUPPORT FOR THE CHILDREN OF TRES ISLAS ORPHANAGE | $15,000 |
HOMES FOR ORPHANS OF MEXICAN EXTRACTION PURPOSE: LOS NINOS DE BAJA AT EL PORVENIR, BAJA CALIFORNIA, MEXICO FOR PROGRAM SUPPORT | $10,000 |
FUTURE BRILLIANCE PURPOSE: SUPPORT FOR AFGHAN ORPHANS | $5,000 |