M Charitable Fund
- Assets
- $0.0
- Revenue
- $4.2m
- Investments
- $7.1m
- Employees
- 0
- Location
- Reston, VA
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 83-6447922
Organization Overview
M Charitable Fund is located in Reston, VA. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. M Charitable Fund 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, M Charitable Fund generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 56.7% each year . All expenses for the organization totaled $304.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, M Charitable Fund has awarded 12 individual grants totaling $595,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michal L Mekjian Jr Trustee | 1 | $0 | |
Maureen C Mekjian Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,213,872 |
| Interest on Savings | $1 |
| Dividends & Interest | $30,278 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,628 |
| Total Revenue | $4,244,513 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $104,798 |
| Contributions, gifts, grants paid | $199,500 |
| Total expenses and disbursements | $304,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,141,639 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, M Charitable Fund has awarded $396,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FAITH LUTHERAN MIDDLE & HIGH SCHOOL PURPOSE: STUDENT FINANCIAL AID | $10,000 |
HORSES4HEROES PURPOSE: GENERAL SUPPORT | $125,000 |
ROCKSIDE INC PURPOSE: GENERAL SUPPORT | $84,000 |
OCSA FOUNDATION (ORANGE COUNTY SCHOOL OF THE ARTS) PURPOSE: CULINARY & HOSPITALITY CONSERVATORY, FUND A DREAM | $67,000 |
LUTHERAN HIGH SCHOOL ORANGE COUNTY PURPOSE: ANNUAL FUND | $50,000 |
UNLV FOUNDATION (UNIVERSITY OF NORTHERN LAS VEGAS) PURPOSE: MEKJIAN FAMILY MERIT SCHOLARSHIP FOR UNLV WILLIAM F HARRAH COLLEGE OF HOSPITALITY | $50,000 |