Herbert Mclaughlin Charitable Trust 1
- Assets
- $3.1m
- Revenue
- $217.4k
- Investments
- $3.0m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 81-6273218
Organization Overview
Herbert Mclaughlin Charitable Trust 1 is located in San Francisco, CA. The organization was established in 2018. 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. Herbert Mclaughlin Charitable Trust 1 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, Herbert Mclaughlin Charitable Trust 1 generated $217.4k 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 (9.7%) each year. All expenses for the organization totaled $293.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Herbert Mclaughlin Charitable Trust 1 has awarded 30 individual grants totaling $576,610. 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
THE ONLY ACTIVITY THAT THE FOUNDATION CURRENTLY UNDERTAKES IS DONATIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $76,344 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $141,064 |
| Capital Gain Net Income | $141,064 |
| Net ST Capital Gain | $3,051 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $217,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,337 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $112,791 |
| Contributions, gifts, grants paid | $180,211 |
| Total expenses and disbursements | $293,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,988 |
| Savings and temporary cash investments | $18,930 |
| 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 | $5,333 |
| Total assets | $3,064,299 |
| Accounts payable and accrued expenses | $1,690 |
| 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 | $1,690 |
Grants Awarded
Over the last fiscal year, Herbert Mclaughlin Charitable Trust 1 has awarded $180,211 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ENVISION EDUCATION PURPOSE: UNRESTRICTED - GENERAL PURPOSE | $30,000 |
HEADLANDS CENTER FOR THE ARTS PURPOSE: UNRESTRICTED - GENERAL PURPOSE | $33,333 |
PANUMBRA FOUNDATION PURPOSE: UNRESTRICTED - GENERAL PURPOSE | $1,000 |
PROJECT CREATE PURPOSE: UNRESTRICTED - GENERAL PURPOSE | $10,000 |
ACCESS INSTITUTE PURPOSE: UNRESTRICTED - GENERAL PURPOSE | $35,878 |
ACLU PURPOSE: UNRESTRICTED - GENERAL PURPOSE | $25,000 |