Macricostas Family Foundation Inc
- Assets
- $6.1m
- Revenue
- $1.5m
- Investments
- $4.0m
- Employees
- 0
- Location
- Jupiter, FL
- Founding
- 02/1998
- Data as of
- 12/2023
- EIN
- 65-0777858
Organization Overview
Macricostas Family Foundation Inc is located in Jupiter, FL. The organization was established in 1998. 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. Macricostas Family 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 12/2023, Macricostas Family Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $375.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Macricostas Family Foundation Inc has awarded 35 individual grants totaling $4,039,263. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Constantine S Macricostas President | 2 | $0 | |
Marie C Macricostas Secretary | 2 | $0 | |
George Macricostas Vice President | 1 | $0 | |
Stephen Macricostas Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,499,582 |
| Interest on Savings | $364 |
| Dividends & Interest | $49,175 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$62,816 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $425 |
| Total Revenue | $1,486,730 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $643 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,210 |
| Total operating and administrative expenses | $13,853 |
| Contributions, gifts, grants paid | $361,640 |
| Total expenses and disbursements | $375,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,341 |
| 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 | $1,548,626 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,018,747 |
| Total assets | $6,060,316 |
| 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, Macricostas Family Foundation Inc has awarded $361,640 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ABOVE THE SEAS PURPOSE: DENISE C. HOGAN LIBRARY IN KENYA | $50,000 |
AMERICAN SCHOOL OF CLASSICAL STUDIES AT ATHENS PURPOSE: HISTORICAL STUDIES AND OUTREACH, GENNADIUS LIBRARY EXHIBITION FUND | $60,000 |
BRINGHAM AND WOMEN'S HOSPITAL PURPOSE: JON O. WEE, MD, RESEARCH FUND | $50,000 |
WESTERN CONNECTICUT STATE UNIVERSITY FOUNDATION PURPOSE: SOCIETY BREAKFAST FOR STUDENT SUCCESS AND JOSEPH FIORITA ENDOWMENT SCHOLARSHIP FUND | $126,640 |
TURNING POINT USA PURPOSE: EDUCATE, TRAIN AND ORGANIZE STUDENTS TO PROMOTE FREEDOM AND YOUNG WOMEN'S LEADERSHIP SUMMIT | $75,000 |