The Magali Foundation
- Assets
- $0.0
- Revenue
- $51.1k
- Investments
- $0.0
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 01/2002
- Data as of
- 12/2020
- EIN
- 91-2169989
Organization Overview
The Magali Foundation is located in La Jolla, CA. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2020, Magali Foundation generated $51.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $352.6k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Magali Foundation has awarded 56 individual grants totaling $2,099,492. 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 |
|---|---|---|---|
Maria G Sulpizio President | 1 | $0 | |
Richard Sulpizio Secretary | 1 | $0 | |
Lorri Sulpizio Director | 0.5 | $0 | |
Tricia Estrada Director | 0.5 | $0 | |
Teri Sulpizio Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,060 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,011 |
| Capital Gain Net Income | $47,011 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,071 |
| 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 | $3,021 |
| Total operating and administrative expenses | $39,520 |
| Contributions, gifts, grants paid | $313,129 |
| Total expenses and disbursements | $352,649 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, The Magali Foundation has awarded $313,129 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL | $1,000 |
CALIFORNIA COMMUNITY FOUNDATION PURPOSE: GENERAL | $42,129 |
BOYS & GIRLS CLUB OF GREATER SAN DIEGO PURPOSE: GENERAL | $10,000 |
JACOBS & CUSHMAN SAN DIEGO FOOD BANK PURPOSE: GENERAL | $5,000 |
LA JOLLA COUNTRY DAY SCHOOL PURPOSE: GENERAL | $5,000 |
RADY CHILDREN'S FOUNDATION PURPOSE: GENERAL | $25,000 |