Margaret Paxton Memorial For Convalesctent Children
- Assets
- $9.2m
- Revenue
- $486.9k
- Investments
- $5.7m
- Employees
- 0
- Location
- Leesburg, VA
- Founding
- 05/1934
- Data as of
- 12/2021
- EIN
- 54-0600400
Organization Overview
Margaret Paxton Memorial For Convalesctent Children is located in Leesburg, VA. The organization was established in 1934. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Margaret Paxton Memorial For Convalesctent Children 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 12/2021, Margaret Paxton Memorial For Convalesctent Children generated $486.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.2%) each year. All expenses for the organization totaled $848.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Margaret Paxton Memorial For Convalesctent Children has awarded 22 individual grants totaling $1,225,419. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST OWNS A 17ACRE PROPERTY IN LEESBURG VA THAT SUPPORTS THE WORK OF OTHER NONPROFITS SERVING CHILDREN IN NEED IN THE COMMUNITY THE PAXTON CAMPUS IS HOME TO A NONPROFIT ORG THAT PROVIDES DIRECT SERVICES
THE TRUST HAS ITS OWN PROGRAM INITIATIVES FOCUSED ON EMPOWERING YOUTH IN 2021 THE TRUST HELD A MUSIC FESTIVAL WHICH RAISED 30000 TO SUPPORT LOCAL NONPROFITS IN THE FORM OF GRANTS DISTRIBUTED
THE TRUST SUPPORTS CHILDREN IN NEED BY MEETING BASIC HEALTH AND SAFETY NEEDS OF CHILDREN DIRECTLY THROUGH OUR EMERGENCY ASSISTANCE FUND IN 2021 THESE PROGRAMS DIRECTLY SERVED 50 CHILDREN AND FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Basil Delashmutt Trustee | 1 | $0 | |
Melinda H Hartman Trustee | 3 | $0 | |
Paige Buscema Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,222 |
| Interest on Savings | $159 |
| Dividends & Interest | $368,994 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,816 |
| Capital Gain Net Income | $68,816 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,750 |
| Total Revenue | $486,941 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $15,288 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,214 |
| Depreciation | $124,408 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,641 |
| Total operating and administrative expenses | $234,365 |
| Contributions, gifts, grants paid | $613,758 |
| Total expenses and disbursements | $848,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,741 |
| Savings and temporary cash investments | $16,049 |
| 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 | $5,668,289 |
| Net Land, buildings, and equipment | $3,527,435 |
| Other assets | $0 |
| Total assets | $9,241,514 |
| 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, Margaret Paxton Memorial For Convalesctent Children has awarded $613,758 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Leesburg, VA PURPOSE: UNRESTRICTED CONTRIBUTION | $593,558 |
INMED MARTNERSHIPS FOR CHILDREN PURPOSE: GENERAL CHARITABLE SUPPORT | $3,600 |
WOMEN GIVING BACK PURPOSE: GENERAL CHARITABLE SUPPORT | $3,600 |
LOUDOUN CARES PURPOSE: GENERAL CHARITABLE SUPPORT | $3,000 |
Potomac Falls, VA PURPOSE: GENERAL CHARITABLE SUPPORT | $3,000 |
PROJECT HORSE EMPOWERMENT CENTER PURPOSE: GENERAL CHARITABLE SUPPORT | $3,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Margaret Paxton Memorial For Convalesctent Children has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
The Bank Of Clarke County Foundation Berryville, VA PURPOSE: BENEFIT IS THE COALITION OF MUSICIANS AND COMMUNITY LEADERS UNITING PEOPLE WITH MUSIC TO RAISE FUNDS AND AWARENESS FOR NONPROFITS SERVING CHILDREN. | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
State Employees Credit Union Foundation Raleigh, NC | $54,794,768 | $18,518,126 |
Flamboyan Foundation Inc Washington, DC | $23,344,685 | $18,816,042 |
Charles & Agnes Kazarian Eternal Foundation Washington, DC | $208,004,266 | $5,026,410 |
Building Hope Idaho Washington, DC | $97,183,207 | $6,746,312 |
Building Hope Holdings Inc Washington, DC | $2,525,393 | $4,512,862 |
Global Ahead Inc Derwood, MD | $0 | $4,557,570 |
Rona And Jeffrey Abramson Foundation Rockville, MD | $47,786,937 | $3,092,454 |
Jayne Koskinas Ted Giovanis Foundation For Health And Policy Highland, MD | $14,613,580 | $2,825,934 |
Dn Leadership Inc Louisville, KY | $2,441,151 | $7,192,611 |
International Center On Nonviolent Conflict Washington, DC | $264,158 | $1,729,105 |
International Lifeline Fund Washington, DC | $430,867 | $1,125,070 |
Agecroft Association Richmond, VA | $24,452,362 | $3,235,294 |