Arthur And Holly Magill Foundation
- Assets
- $3.4m
- Revenue
- $247.7k
- Investments
- $3.4m
- Employees
- 0
- Location
- Weston, FL
- Founding
- 05/1981
- Data as of
- 12/2022
- EIN
- 57-0713587
Organization Overview
Arthur And Holly Magill Foundation is located in Weston, FL. The organization was established in 1981. 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. Arthur And Holly Magill Foundation 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, Arthur And Holly Magill Foundation generated $247.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $697.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Arthur And Holly Magill Foundation has awarded 40 individual grants totaling $2,027,320. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hoefner Trustee | 1 | $10,000 | |
Stephen M Newman Trustee | 1 | $5,000 | |
Holly M Melosi Trustee | 1 | $10,000 | |
Nicholas Baldelli-Boni Trustee | 1 | $10,000 | |
Arturo Melosi CEO | 20 | $305,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $67,362 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $157,119 |
| Capital Gain Net Income | $157,119 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,245 |
| Total Revenue | $247,726 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $340,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,760 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $68,147 |
| Total operating and administrative expenses | $440,497 |
| Contributions, gifts, grants paid | $256,593 |
| Total expenses and disbursements | $697,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,672 |
| 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 | $12,090 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,533,450 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,411,489 |
| Accounts payable and accrued expenses | $9,130 |
| 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 | $9,130 |
Grants Awarded
Over the last fiscal year, Arthur And Holly Magill Foundation has awarded $256,593 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHAPEL & YORK US FOUNDATION (ARTEAST SEENARYO) PURPOSE: CHARITABLE PURPOSES | $25,000 |
THE FRICK COLLECTION PURPOSE: CHARITABLE PURPOSES | $146,593 |
COASTAL COMMUNITY FOUNDATION-THEODORA PARK PURPOSE: CHARITABLE PURPOSES | $20,000 |
DRAYTON HALL PRESERVATION TRUST PURPOSE: CHARITABLE PURPOSES | $10,000 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: CHARITABLE PURPOSES | $25,000 |
AMERICAN FRIENDS OF THE NATIONAL GALLERY PURPOSE: CHARITABLE PURPOSES | $30,000 |