Mallon Family Foundation Inc
- Assets
- $678.5k
- Revenue
- $46.3k
- Investments
- $671.3k
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 08/2009
- Data as of
- 12/2023
- EIN
- 26-1233943
Organization Overview
Mallon Family Foundation Inc is located in La Jolla, CA. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Mallon Family Foundation Inc 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 12/2023, Mallon Family Foundation Inc generated $46.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $42.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mallon Family Foundation Inc has awarded 70 individual grants totaling $216,700. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAN DIEGO OPERA1245 SEVENTH AVE.SAN DIEGO, CA 92101
THE SAN DIEGO MUSEUM OF ARTP.O. BOX 122107SAN DIEGO, CA 92112
PROMISES 2 KIDS9400 RUFFIN COURT SUITE ASAN DIEGO, CA 92123
SAN DIEGO FOOD BANK9850 DISTRIBUTION AVESAN DIEGO, CA 92121
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 |
|---|---|---|---|
Elizabeth G Mallon Secretary | 2 | $0 | |
Robert B Mallon Deceased President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35 |
| Dividends & Interest | $20,968 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,264 |
| Capital Gain Net Income | $30,264 |
| Net ST Capital Gain | $30,264 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$4,991 |
| Total Revenue | $46,276 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,156 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,038 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $42,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,057 |
| Savings and temporary cash investments | $0 |
| 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 | $2,136 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $671,279 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $678,472 |
| 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, Mallon Family Foundation Inc has awarded $30,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
KPBS PUBLIC BROADCASTING PURPOSE: FINANCIAL SUPPORT TO CONTINUE BROADCASTING TV AND RADIO SHOWS THAT ENTERTEIN, ENRICH, EDUCATE AND INFORM LISTENERS. | $5,000 |
SAN DIEGO FOOD BANK PURPOSE: FINANCIAL SUPPORT GIVEN TO THE ORGANIZATION WITH THE PURPOSE TO COMBAT HUNGER IN THE SAN DIEGO COUNTY. | $5,000 |
SHARP HEALTHCARE FOUNDATION PURPOSE: FINANCIAL SUPPORT DESIGNATED TO RESEARCH AND PATIENT FINANCIAL ASSISTANCE TO HELP FOR PAY OF HEALTHCARE. | $5,000 |
LA JOLLA KIWANIS PURPOSE: COMMUNITY SUPPORT AND TO SERVE CHILDREN OF SAN DIEGO | $5,000 |
SAN DIEGO NICE GUYS PURPOSE: ORGANIZATION PROVIDES DIRECT ASSISTANCE TO MORE THAN 2500 NEEDY INDIVIDUALS, FAMILIES AND CAUSES IN THE SAN DIEGO AREA. | $5,000 |
IMMACULATE CONCEPTION SCHOOL PURPOSE: SUPPORT RELIGIOUS BELIEFS AND EDUCATION SCHOLARSHIPS | $5,000 |