John Michael Engstrom Memorial Foundation Inc
- Assets
- $438.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 10/2009
- Data as of
- 12/2023
- EIN
- 26-2561043
Organization Overview
John Michael Engstrom Memorial Foundation Inc is located in Newport Beach, CA. The organization was established in 2009. According to its NTEE Classification (T30) the organization is classified as: Public 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. John Michael Engstrom Memorial 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, John Michael Engstrom Memorial Foundation Inc generated $153.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $22.8k during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 9 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO ASSIST AND AID SERIOUSLY ILL AND TERMINALLY ILL CHILDREN AND YOUNG ADULTS AND THEIR FAMILIES BY PROVIDING FINANCIAL AND EMOTIONAL SUPPORT. TO AID AND ASSIST CHILDREN AND YOUNG ADULTS WHO LACK SUFFICIENT PARENTAL FINANCIAL AND EMOTIONAL SUPPORT.TO PROVIDE FINANCIAL SUPPORT TO ORGANIZATIONS WHICH FURTHER SUCH SPECIFIC PURPOSES AND ARE TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Engstrom President & CEO | 5 | $0 | |
Sharon M Engstrom Secretary | 5 | $0 | |
Brent H Engstrom Director | 0 | $0 | |
William D Brogden Director | 0 | $0 | |
Sandi J Wolford Director | 0 | $0 | |
Suzanne K Hasig Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,437 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $9,429 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $153,866 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $25 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,744 |
| Total expenses | $22,835 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $438,353 |
| Other assets | $0 |
| Total assets | $438,353 |
| Total liabilities | $0 |
| Net assets or fund balances | $438,353 |