Michele Malanga Foundation
- Assets
- $0.0
- Revenue
- $100.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Bluffton, SC
- Founding
- Data as of
- 05/2018
- EIN
- 51-6521243
Organization Overview
Michele Malanga Foundation is located in Bluffton, SC.
For the year ending 05/2018, Michele Malanga Foundation generated $100.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $114.5k during the year ending 05/2018. While expenses have increased by 13.0% per year over the past 3 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ORGANIZED CHARITABLE 501 (C) (3)3 TOTAL RECIPIENTS INCLUDING 3 RELIGIOUS ORGANIZATIONS RECEIVING100 % OF THE FOUNDATION'S DONATIONS DURING THE YEAR
GRANTS TO ORGANIZED CHARITABLE 501 (C) (3)3 TOTAL RECIPIENTS INCLUDING 3 RELIGIOUS ORGANIZATIONS RECEIVING100 % OF THE FOUNDATION'S DONATIONS DURING THE YEAR
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $99,180 |
| Interest on Savings | $7 |
| Dividends & Interest | $14 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $87,730 |
| Net ST Capital Gain | $87,730 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,386 |
| Total Revenue | $100,587 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,142 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,142 |
| Contributions, gifts, grants paid | $113,340 |
| Total expenses and disbursements | $114,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Michele Malanga Foundation has awarded $226,680 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SUSTAINING HOPE CATHOLIC PURPOSE: DONATION | $100,000 |
ST ANTHONY MISSION PURPOSE: DONATION | $1,340 |
ST GREGORY THE GREAT PURPOSE: DONATION | $12,000 |
SUSTAINING HOPE CATHOLIC PURPOSE: DONATION | $100,000 |
ST ANTHONY MISSION PURPOSE: DONATION | $1,340 |
ST GREGORY THE GREAT PURPOSE: DONATION | $12,000 |