Katherine Baxter Memorial Foundation
- Assets
- $355.5k
- Revenue
- $8.4k
- Investments
- $308.9k
- Employees
- 0
- Location
- Escondido, CA
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 33-0522589
Organization Overview
Katherine Baxter Memorial Foundation is located in Escondido, CA. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Katherine Baxter Memorial 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 12/2022, Katherine Baxter Memorial Foundation generated $8.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $26.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Katherine Baxter Memorial Foundation has awarded 96 individual grants totaling $235,330. 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 |
|---|---|---|---|
Randolph Ortlieb Trustee | 1 | $0 | |
Frederick M Ortlieb Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29 |
| Dividends & Interest | $7,635 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $660 |
| Capital Gain Net Income | $660 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39 |
| Total Revenue | $8,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $377 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,373 |
| Total operating and administrative expenses | $10,000 |
| Contributions, gifts, grants paid | $16,100 |
| Total expenses and disbursements | $26,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,633 |
| 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 | $106,415 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $355,534 |
| 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, Katherine Baxter Memorial Foundation has awarded $16,100 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
DIAL-A- PRAYER MINISTRIES PURPOSE: DONATION | $2,500 |
SAN DIEGO CHILDRENS DISCOVERY MUSEU PURPOSE: DONATION | $1,500 |
YOUNG LIFE PURPOSE: DONATION | $2,000 |
KIWANIS CLUB OF ESCONDIDO FOUNDATIO PURPOSE: DONATION | $5,000 |
PALOMAR FAMILY YMCA PURPOSE: DONATION | $2,000 |
ESCONDIDO COMMUNITY FOUNDATION PURPOSE: DONATION | $1,000 |