Gene Magleby Foundation
- Assets
- $1.0m
- Revenue
- $112.9k
- Investments
- $951.7k
- Employees
- 0
- Location
- Idaho Falls, ID
- Founding
- 12/2011
- Data as of
- 12/2021
- EIN
- 27-6465621
Organization Overview
Gene Magleby Foundation is located in Idaho Falls, ID. The organization was established in 2011. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Gene Magleby 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 12/2021, Gene Magleby Foundation generated $112.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $92.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Buckland Co-Trustee | 7 | $6,000 | |
Russ Buckland Co-Trustee | 7 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,021 |
| Dividends & Interest | $22,632 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $89,219 |
| Capital Gain Net Income | $89,219 |
| Net ST Capital Gain | $2,271 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $112,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $32,067 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $92,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,374 |
| Savings and temporary cash investments | $50,147 |
| 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 | $391,118 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,012,213 |
| 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, Gene Magleby Foundation has awarded $62,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Pocatello, ID PURPOSE: EDUCATIONAL | $57,000 |
COMMUNITY EDUCATION FOUNDATION PURPOSE: EDUCATIONAL | $5,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |
Davidson Institute For Talent Development Incline Village, NV | $2,040,449 | $8,109,259 |
Friends Of Guadalupe Salt Lake City, UT | $991,216 | $160,574 |
Alliance For Education Seattle, WA | $18,412,801 | $8,384,152 |
Alpine School District Foundation American Fork, UT | $6,308,177 | $3,699,514 |
Schoolhouse Supplies Inc Portland, OR | $1,818,173 | $3,583,188 |
Foundation For Tacoma Students Tacoma, WA | $3,475,616 | $3,006,188 |
Billings Catholic Schools Foundation Billings, MT | $35,868,574 | $2,349,630 |
Big Bend Community College Foundation Moses Lake, WA | $9,131,826 | $1,251,204 |
Cache Education Foundation North Logan, UT | $1,360,567 | $1,666,268 |
All Hands Raised Portland, OR | $1,676,477 | $1,276,828 |
Lower Columbia College Foundation Longview, WA | $24,789,266 | $2,493,383 |