The Mcgrath Family Foundaiton
- Assets
- $52.5m
- Revenue
- $3.4m
- Investments
- $50.5m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 33-0395053
Organization Overview
The Mcgrath Family Foundaiton is located in San Diego, CA. The organization was established in 1990. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcgrath Family Foundaiton 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, Mcgrath Family Foundaiton generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (47.7%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mcgrath Family Foundaiton has awarded 84 individual grants totaling $5,685,025. 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 |
|---|---|---|---|
Carlee Mcgrath Chairman, Treasurer, Secretary, Board | 0.1 | $0 | |
Laurie C Mcgrath President, Board Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $234,680 |
| Dividends & Interest | $1,359,593 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,272,093 |
| Capital Gain Net Income | $1,272,093 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,960 |
| Total Revenue | $3,369,326 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $454 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $406 |
| Total operating and administrative expenses | $257,339 |
| Contributions, gifts, grants paid | $2,840,057 |
| Total expenses and disbursements | $3,097,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,232 |
| Savings and temporary cash investments | $1,873,544 |
| 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 | $16,267,828 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,504 |
| Total assets | $52,533,946 |
| 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, The Mcgrath Family Foundaiton has awarded $2,840,057 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL ABILITY CENTER PURPOSE: ASSISTANCE TO PHYSICALLY CHALLENGED; DONATION OF 2,355 SHS MICROSOFT CORP ON 12/27/21 (BOOK VALUE OF $332,411 - ORIGINAL COST METHOD, FMV OF $798,239 - HI/LOW METHOD) | $798,239 |
CENTER FOR GREAT APES PURPOSE: ANIMAL RESCUE & SANCTUARY; DONATION OF 970 SHS COSTCO WHOLESALE CORP ON 12/7/21 (BOOK VALUE OF $149,790 - ORIGINAL COST METHOD, FMV OF $522,689 - HI/LOW METHOD) | $522,689 |
ST MADELEINE SOPHIE'S CENTER PURPOSE: PEOPLE WITH DISABILITIES & FAMILIES; DONATION OF 2,735 SHS AMERICAN WATER WORKS ON 12/27/21 (BOOK VALUE OF $151,902 - ORIGINAL COST METHOD, FMV OF $500,779 - HI/LOW METHOD) | $500,779 |
Keithville, LA PURPOSE: ANIMAL SANCTUARY; DONATION OF 1,265 SHS LOWES ON 10/12/21 (BOOK VALUE OF $78,290 - ORIGINAL COST METHOD, FMV OF $266,573 - HI/LOW METHOD) | $266,573 |
NATIONAL ABILITY CENTER PURPOSE: ASSISTANCE TO PHYSICALLY CHALLENGED; DONATION OF 72 SHS ALPHABET INC. ON 12/27/21 (BOOK VALUE OF $53,383 - ORIGINAL COST METHOD, FMV OF $212,890 - HI/LOW METHOD) | $212,890 |
Blue Ridge, GA PURPOSE: ANIMAL RESCUE & SANCTUARY; DONATION OF 905 SHS ZOETIS INC. ON 12/7/21 (BOOK VALUE OF $44,945 - ORIGINAL COST METHOD, FMV OF $204,308 - HI/LOW METHOD) | $204,308 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sheryl Sandberg & Dave Goldberg Family Foundation Palo Alto, CA | $7,237,479 | $10,073,242 |
Bi-Bett Walnut Creek, CA | $8,734,847 | $8,886,262 |
California Foundation For Independent Living Centers Sacramento, CA | $3,702,594 | $8,030,349 |
Community Access Network Non Profit Corporation Corona, CA | $7,199,298 | $6,228,219 |
Elder Care Alliance Alameda, CA | $36,709,405 | $4,507,097 |
Los Angeles Police Foundation Los Angeles, CA | $14,536,566 | $5,939,965 |
Our Little Helpers Inc Los Angeles, CA | $244,623 | $3,613,015 |
Arsolas Distribution Center And Community Services Oakland, CA | $0 | $4,046,289 |
Clatsop Community Action Astoria, OR | $4,439,328 | $4,346,082 |
Varsity Team Inc San Diego, CA | $1,446,243 | $4,030,641 |
Gay And Lesbian Community Center Of Southern Nevada Inc Las Vegas, NV | $5,552,973 | $4,438,307 |
The Mcgrath Family Foundaiton San Diego, CA | $52,533,946 | $3,369,326 |