Mcgrath Investment Foundation
- Assets
- $1.7m
- Revenue
- $50.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 07/1995
- Data as of
- 12/2022
- EIN
- 84-1307861
Organization Overview
Mcgrath Investment Foundation is located in Denver, CO. The organization was established in 1995. 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. Mcgrath Investment 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, Mcgrath Investment Foundation generated $50.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $307.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mcgrath Investment Foundation has awarded 117 individual grants totaling $3,160,549. 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
PROVISION OF FUNDING TO 13 CHARITIES FOR CONTINUATION OF THEIR CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Pena President | 0 | $0 | |
Barbara Mcgrath Director | 0 | $0 | |
Tracey Mcgrath Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,013 |
| Dividends & Interest | $42,822 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,850 |
| Capital Gain Net Income | $6,850 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,685 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,500 |
| Contributions, gifts, grants paid | $298,000 |
| Total expenses and disbursements | $307,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,398 |
| Savings and temporary cash investments | $37,774 |
| 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 | $0 |
| Total assets | $1,721,691 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $44,000 |
| 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 | $44,000 |
Grants Awarded
Over the last fiscal year, Mcgrath Investment Foundation has awarded $298,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
THE WILD ANIMAL SANCTUARY PURPOSE: PREVENT ANIMAL CRUELTY | $75,000 |
VILLAGE HEALTH PARTNERSHIP PURPOSE: PREVENT MATERNAL & NEONATAL DEATH | $10,000 |
THE CLEAN WATER FUND PURPOSE: CLEANER AND SAFER WATE AND AIR | $25,000 |
EARTH JUSTICE PURPOSE: PROTECT WILDLIFE AND WILD PLACES | $20,000 |
COLORADO PUBLIC RADIO PURPOSE: PUBLIC RADIO | $11,000 |
NATURE CONSERVANCY OF COLORADO PURPOSE: NATURE CONSERVANCY | $20,000 |