Betty E Margulis & Harry L Margulis Tr
- Assets
- $807.5k
- Revenue
- $17.6k
- Investments
- $788.5k
- Employees
- 0
- Location
- Ashville, OH
- Founding
- 05/2004
- Data as of
- 12/2022
- EIN
- 52-7325569
Organization Overview
Betty E Margulis & Harry L Margulis Tr is located in Ashville, OH. The organization was established in 2004. 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. Betty E Margulis & Harry L Margulis 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 12/2022, Betty E Margulis & Harry L Margulis Tr generated $17.6k 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 (10.8%) each year. All expenses for the organization totaled $46.8k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS FOUNDATION FUNDS ENRICHMENT PROGRAMS WITHIN THE TEAYS VALLEY AND AMANDA-CLEARCREEK OHIO SCHOOL DISTRICTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,823 |
| Dividends & Interest | $8,823 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $3,521 |
| Net ST Capital Gain | $3,521 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,646 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,152 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $239 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $576 |
| Total operating and administrative expenses | $11,817 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $46,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,061 |
| 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 | $807,534 |
| 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, Betty E Margulis & Harry L Margulis Tr has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEAYS VALLEY LOCAL SCHOOL DISTRICT PURPOSE: ENRICHMENT OF ART AND MUSIC | $20,000 |
TEAYS VALLEY-AMANDA-CLEARCREEK SCIENCE ENRICHMENT PURPOSE: ENRICHMENT OF SCIENCE AND MATH | $15,000 |