Malbis Memorial Foundation George Malbis
- Assets
- $4.6m
- Revenue
- $415.2k
- Investments
- $3.9m
- Employees
- 0
- Location
- Daphne, AL
- Founding
- 11/1947
- Data as of
- 12/2021
- EIN
- 63-6044881
Organization Overview
Malbis Memorial Foundation George Malbis is located in Daphne, AL. The organization was established in 1947. 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. Malbis Memorial Foundation George Malbis 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, Malbis Memorial Foundation George Malbis generated $415.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $307.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Malbis Memorial Foundation George Malbis has awarded 266 individual grants totaling $974,010. 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
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Scourtes Vice President | 1 | $0 | |
Dimitrios Mathews Secretary | 1 | $0 | |
Gertrude Malbis Trustee | 1 | $0 | |
Elias Stevens Trustee | 1 | $0 | |
Angelo Mathews President | 3 | $0 | |
Regions Bank Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,810 |
| Interest on Savings | $0 |
| Dividends & Interest | $115,985 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $294,436 |
| Capital Gain Net Income | $294,436 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $415,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $56,482 |
| Other employee salaries and wages | $3,990 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,310 |
| Depreciation | $18,095 |
| Occupancy | $18,910 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,424 |
| Total operating and administrative expenses | $161,011 |
| Contributions, gifts, grants paid | $146,000 |
| Total expenses and disbursements | $307,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,104 |
| Savings and temporary cash investments | $58,968 |
| 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 | $474,248 |
| Other assets | $81,411 |
| Total assets | $4,610,373 |
| Accounts payable and accrued expenses | $9,405 |
| 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 | $950,188 |
| Total liabilities | $959,593 |
Grants Awarded
Over the last fiscal year, Malbis Memorial Foundation George Malbis has awarded $146,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ANNUNCIATION GREEK CHURCH MOBILE PURPOSE: COMMUNITY WELFARE | $25,000 |
Mobile, AL PURPOSE: COMMUNITY WELFARE | $21,000 |
ST HARALAMBOS GREEK ORTHODOX CHURCH PURPOSE: COMMUNITY WELFARE | $10,500 |
IOCC INTL ORTH CHRISTIAN CHARITIES PURPOSE: COMMUNITY WELFARE | $9,000 |
PHILOPTOCHOS SOCIEY OF ATLANTA PURPOSE: COMMUNITY WELFARE | $6,000 |
Mobile, AL PURPOSE: COMMUNITY WELFARE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |