Molalla Communications Educational Foundation Inc
- Assets
- $4.8m
- Revenue
- $511.3k
- Investments
- $4.3m
- Employees
- 0
- Location
- Molalla, OR
- Founding
- 02/2012
- Data as of
- 12/2022
- EIN
- 45-3983646
Organization Overview
Molalla Communications Educational Foundation Inc is located in Molalla, OR. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Molalla Communications Educational Foundation Inc 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, Molalla Communications Educational Foundation Inc generated $511.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $318.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Molalla Communications Educational Foundation Inc has awarded 483 individual grants totaling $721,017. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marci Marsh President | 1 | $0 | |
Lorraine Peters Secretary | 1 | $0 | |
Kae Wise Vice President | 1 | $0 | |
Ron Jones Director | 1 | $0 | |
Rick Dishner Director | 1 | $0 | |
Steve Loutzenhiser Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $452 |
| Dividends & Interest | $203,721 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $466 |
| Capital Gain Net Income | $466 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $56,710 |
| Total Revenue | $511,349 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,615 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $987 |
| Total operating and administrative expenses | $28,752 |
| Contributions, gifts, grants paid | $289,350 |
| Total expenses and disbursements | $318,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,634 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,778,558 |
| 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, Molalla Communications Educational Foundation Inc has awarded $289,350 in support to 125 organizations.
| Grant Recipient | Amount |
|---|---|
CITY PARKS PROJECT PURPOSE: TO PROMOTE THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING | $100,000 |
MHS FBLA PURPOSE: TO PROMOTE THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING | $4,000 |
MHS WRESTLING PURPOSE: TO PROMOTE THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING | $3,500 |
MHS BAND PURPOSE: TO PROMOTE THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING | $3,000 |
LILY BARTEL PURPOSE: TO PROMOTE THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING | $2,500 |
ELIZABETH RODRIGUEZ GARCIA PURPOSE: TO PROMOTE THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING | $2,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Molalla Communications Educational Foundation Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Milton G Waldbaum Family Foundation Fort Calhoun, NE PURPOSE: GENERAL FUNDING | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meyer Memorial Trust Portland, OR | $1,007,586,458 | $95,771,293 |
The California Wellness Foundation Los Angeles, CA | $1,249,668,748 | $96,883,603 |
Ford Family Foundation Roseburg, OR | $1,245,594,204 | $103,438,214 |
Visa Foundation San Francisco, CA | $452,119,857 | $75,228,376 |
Pisces Foundation San Francisco, CA | $36,685,219 | $40,456,155 |
Thrive Causemetics Foundation Bellevue, WA | $5,555,942 | $8,797,196 |
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Micron Technology Foundation Inc Boise, ID | $125,043,825 | $15,658,941 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |