M B Seretean Foundation Inc
- Assets
- $9.2m
- Revenue
- $515.6k
- Investments
- $9.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 07/1964
- Data as of
- 06/2022
- EIN
- 62-0725600
Organization Overview
M B Seretean Foundation Inc is located in Los Angeles, CA. The organization was established in 1964. 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. M B Seretean Foundation Inc 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 06/2022, M B Seretean Foundation Inc generated $515.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $944.6k during the year ending 06/2022. While expenses have increased by 5.3% per year over the past 6 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.
Since 2015, M B Seretean Foundation Inc has awarded 168 individual grants totaling $5,686,739. 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 |
|---|---|---|---|
Tracy Seretean President | 5 | $0 | |
Robert Benham Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $502,512 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,400 |
| Capital Gain Net Income | $7,400 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,704 |
| Total Revenue | $515,616 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $76,831 |
| Taxes | $9,831 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $448 |
| Total operating and administrative expenses | $87,110 |
| Contributions, gifts, grants paid | $857,451 |
| Total expenses and disbursements | $944,561 |
| 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 | $6,000 |
| 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 | $9,210,240 |
| 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 | $1,698,267 |
| Total liabilities | $1,698,267 |
Grants Awarded
Over the last fiscal year, M B Seretean Foundation Inc has awarded $857,451 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY MUSEUM PURPOSE: GENERAL FUND | $1,000 |
ACT BLUE CHARITIES PURPOSE: GENERAL FUND | $2,000 |
ADVO KIDS PURPOSE: GENERAL FUND | $5,000 |
ANIMALS ASIA FOUNDATION FUND PURPOSE: GENERAL FUND | $1,000 |
BET TZEDEK LEGAL SERVICES PURPOSE: GENERAL FUND | $60,000 |
BOY SCOUTS OF AMERICA PURPOSE: LAST FRONTIER COUNCIL | $5,000 |