Gene Magleby Foundation
- Assets
- $913.0k
- Revenue
- -$3.1k
- Investments
- $857.8k
- Employees
- 0
- Location
- Idaho Falls, ID
- Founding
- 12/2011
- Data as of
- 12/2022
- 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russ Buckland Co-Trustee | 7 | $6,000 | |
Kathy Buckland Co-Trustee | 7 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,093 |
| Dividends & Interest | $27,479 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$31,675 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$3,103 |
| 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 | $1,355 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $31,073 |
| Contributions, gifts, grants paid | $64,000 |
| Total expenses and disbursements | $95,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,354 |
| Savings and temporary cash investments | $48,909 |
| 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 | $254,849 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $913,014 |
| 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 |
|---|---|
IDAHO STATE UNIVERSITY PURPOSE: EDUCATIONAL | $57,000 |
COMMUNITY EDUCATION FOUNDATION PURPOSE: EDUCATIONAL | $5,200 |
View Grant Profile