J B & Margaret Blaugrund Foundation
- Assets
- $2.6m
- Revenue
- $63.8k
- Investments
- $1.4m
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 02/1960
- Data as of
- 12/2022
- EIN
- 74-6040400
Organization Overview
J B & Margaret Blaugrund Foundation is located in Albuquerque, NM. The organization was established in 1960. 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. J B & Margaret Blaugrund 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, J B & Margaret Blaugrund Foundation generated $63.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $68.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, J B & Margaret Blaugrund Foundation has awarded 93 individual grants totaling $535,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTIONS MADE TO QUALIFIED ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Alan Marks President | 0 | $0 | |
Jan S Marks Vice-Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $670 |
| Dividends & Interest | $36,496 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,678 |
| Total Revenue | $63,844 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $453 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $453 |
| Contributions, gifts, grants paid | $68,000 |
| Total expenses and disbursements | $68,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,655 |
| Savings and temporary cash investments | $290,341 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $760,855 |
| Total assets | $2,645,779 |
| 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, J B & Margaret Blaugrund Foundation has awarded $68,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION PURPOSE: CHARITABLE | $5,000 |
BROWN UNIVERSITY PURPOSE: CHARITABLE | $5,000 |
EL PASOANS FIGHTING HUNGER FOOD BAN PURPOSE: CHARITABLE | $5,000 |
PLANNED PARENTHOOD PURPOSE: CHARITABLE | $5,000 |
STANFORD UNIVERSITY PURPOSE: CHARITABLE | $5,000 |
UTEPANN AND ALVIN SCHOLARSHIP FUND PURPOSE: CHARITABLE | $10,000 |