Marilyn J Degroot Charitable Tr
- Assets
- $12.2m
- Revenue
- $519.8k
- Investments
- $8.5m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 46-7473921
Organization Overview
Marilyn J Degroot Charitable Tr is located in Los Angeles, CA. The organization was established in 2015. 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. Marilyn J Degroot Charitable Tr 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 12/2023, Marilyn J Degroot Charitable Tr generated $519.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Marilyn J Degroot Charitable Tr has awarded 71 individual grants totaling $3,769,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE ACTIVITIES LIMITED TO GRANT MAKING
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $239,322 |
| Net Rental Income | $95,064 |
| Net Gain on Sale of Assets | $144,958 |
| Capital Gain Net Income | $144,958 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $82 |
| Total Revenue | $519,844 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $113,126 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,795 |
| Depreciation | $31,446 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $344,685 |
| Total operating and administrative expenses | $550,142 |
| Contributions, gifts, grants paid | $585,000 |
| Total expenses and disbursements | $1,135,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,571 |
| Savings and temporary cash investments | $625,204 |
| 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 | $1,731,837 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,084,588 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,273,543 |
| Total assets | $12,228,665 |
| 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 | $1,766 |
| Total liabilities | $1,766 |
Grants Awarded
Over the last fiscal year, Marilyn J Degroot Charitable Tr has awarded $585,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MARILYN DE GROOT CHARITABLE TRUST - DONOR ADVISED FUND (FIDELITY) PURPOSE: GENERAL CHARITABLE SUPPORT | $250,000 |
MISSION AVIATION FELLOWSHIP PURPOSE: GENERAL CHARITABLE SUPPORT | $50,000 |
ONTARIO CHRISTIAN SCHOOL PURPOSE: GENERAL CHARITABLE SUPPORT | $100,000 |
PROVIDENCE CHRISTIAN COLLEGE PURPOSE: GENERAL CHARITABLE SUPPORT | $150,000 |
ARMENIAN MISSIONARY ASSN OF AMERICA PURPOSE: GENERAL CHARITABLE SUPPORT | $10,000 |
IMAGINE LA PURPOSE: GENERAL CHARITABLE SUPPORT | $25,000 |