Molina Family Foundation
- Assets
- $0.0
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- South Pasadena, CA
- Founding
- 09/2018
- Data as of
- 12/2021
- EIN
- 37-1873999
Organization Overview
Molina Family Foundation is located in South Pasadena, CA. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Molina Family 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, Molina Family Foundation generated $5.3m 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 (36.9%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Molina Family Foundation has awarded 140 individual grants totaling $7,252,666. 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 |
|---|---|---|---|
Joseph M Molina President | 0 | $0 | |
Therese Molina Treasurer | 0 | $0 | |
David Molina Vice President | 0 | $0 | |
Carley Befeler Assistant Vice President | 0 | $0 | |
Mary Clare Molina Secretary | 0 | $0 | |
Colleen Troussel Assistant Secretary | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hirsch Philanthropy Partners | 12/30/22 | $190,010 |
Tiedemann Advisors | 12/30/22 | $163,922 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $685,486 |
| Profit on Inventory Sales | $0 |
| Other Income | $208,832 |
| Total Revenue | $5,262,827 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $600,428 |
| Contributions, gifts, grants paid | $2,058,333 |
| Total expenses and disbursements | $2,658,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547,590 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $40,548,539 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Molina Family Foundation has awarded $2,093,333 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
A NEW WAY OF LIFE REENTRY PROJECT PURPOSE: OPERATING SUPPORT | $5,000 |
ALPHA PROJECT FOR THE HOMELESS PURPOSE: OPERATING SUPPORT | $20,000 |
ANTI-RECIDIVISM COALITION PURPOSE: OPERATING SUPPORT | $10,000 |
AZTLAN ATHLETICS FOUNDATION PURPOSE: OPERATING SUPPORT | $25,000 |
CAPITAL AREA FOOD BANK PURPOSE: OPERATING SUPPORT | $20,000 |
CAMPAIGN FOR COLLEGE OPPORTUNITY PURPOSE: OPERATING SUPPORT | $50,000 |