Katie Mcgrath & J J Abrams Family Foundation
- Assets
- $5.2m
- Revenue
- $7.7m
- Investments
- $5.1m
- Employees
- 0
- Location
- Encino, CA
- Founding
- 12/2012
- Data as of
- 12/2022
- EIN
- 45-3682112
Organization Overview
Katie Mcgrath & J J Abrams Family Foundation is located in Encino, CA. The organization was established in 2012. 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. Katie Mcgrath & J J Abrams 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 12/2022, Katie Mcgrath & J J Abrams Family Foundation generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $7.6m during the year ending 12/2022. While expenses have increased by 11.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Katie Mcgrath & J J Abrams Family Foundation has awarded 736 individual grants totaling $57,611,355. 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 |
|---|---|---|---|
Kathleen Mcgrath President/director | 0.5 | $0 | |
Jeffrey J Abrams Secretary/treasurer/direct | 0.5 | $0 | |
Anne Watkins Executive Director | 32 | $257,035 | |
Chelsea Maloney Admin | 32 | $47,278 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,646,057 |
| Interest on Savings | $55 |
| Dividends & Interest | $52,955 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,754 |
| Capital Gain Net Income | $9,942 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,702,821 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $304,313 |
| Pension plans, employee benefits | $30,694 |
| Interest | $0 |
| Taxes | $17,054 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,518 |
| Printing and publications | $0 |
| Other expenses | $48,275 |
| Total operating and administrative expenses | $476,969 |
| Contributions, gifts, grants paid | $7,135,700 |
| Total expenses and disbursements | $7,612,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,447 |
| Savings and temporary cash investments | $36,330 |
| 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 | $309,241 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,164,655 |
| 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 | $5,020 |
| Total liabilities | $5,020 |
Grants Awarded
Over the last fiscal year, Katie Mcgrath & J J Abrams Family Foundation has awarded $7,135,700 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART PURPOSE: WS LEADERS FOR LIFE CAMPAIGN | $5,000 |
ACADEMY MUSEUM OF MOTION PICTURES PURPOSE: UNRESTRICTED SUPPORT | $25,000 |
ANTI-RECIDIVISM COALITION PURPOSE: UNRESTRICTED SUPPORT | $50,000 |
AUBIN PICTURES PURPOSE: FARAI CHIDEYA'S OUR BODY POLITIC | $250,000 |
ARRAY ALLIANCE PURPOSE: UNRESTRICTED SUPPORT | $500,000 |
CHILDREN'S ACTION NETWORK PURPOSE: 2022 WINE, WOMEN AND SHOES | $5,000 |