Larry A Modin Foundation
- Assets
- $258.5k
- Revenue
- -$72.3k
- Investments
- $258.5k
- Employees
- 0
- Location
- Palm Springs, CA
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 77-0560164
Organization Overview
Larry A Modin Foundation is located in Palm Springs, CA. The organization was established in 2002. 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. Larry A Modin Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry A Modin President & CEO | 10 | $0 | |
Gaylord L Modin Secretary | 10 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $3,550 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$75,827 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$72,275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,792 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,512 |
| Total operating and administrative expenses | $9,459 |
| Contributions, gifts, grants paid | $19,500 |
| Total expenses and disbursements | $28,959 |
| 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 | $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 | $258,473 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $258,473 |
| Accounts payable and accrued expenses | $1,997 |
| 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 | $1,997 |
Grants Awarded
Over the last fiscal year, Larry A Modin Foundation has awarded $19,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
HEIFER INTERNATIONAL PURPOSE: TO AID DEVELPMENTALLY DISABLED INDIVIDUALS | $1,200 |
SENIOR ADVOCATES OF THE DESERT PURPOSE: HELP FOR LOW INCOME SENIORS | $3,500 |
MIZELL SENIOR CENTER PURPOSE: HELP FOR SENIOR CITIZENS | $4,200 |
JUDICIAL WATCH PURPOSE: EDUCATION | $1,000 |
LEADERHSIP INSTITUTE PURPOSE: CITIZENSHIP | $1,000 |
CHARITY NAVIGATOR PURPOSE: PUBLIC GUIDE FOR GIVING | $300 |