Macton Foundation
- Assets
- $132.7k
- Revenue
- $75.3k
- Investments
- $101.2k
- Employees
- 0
- Location
- Pacific Palisades, CA
- Founding
- 02/2001
- Data as of
- 12/2022
- EIN
- 95-4834371
Organization Overview
Macton Foundation is located in Pacific Palisades, CA. The organization was established in 2001. 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. Macton 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, Macton Foundation generated $75.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $86.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Macton Foundation has awarded 206 individual grants totaling $910,100. 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 |
|---|---|---|---|
William L Horton President | 0 | $0 | |
Daryn M Horton Sec/treasure | 0 | $0 | |
Katherine Burford Vice Preside | 0 | $0 | |
Laura H Furey Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $204 |
| Dividends & Interest | $5,294 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,792 |
| Capital Gain Net Income | $69,792 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,290 |
| 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 | $70 |
| Total operating and administrative expenses | $2,095 |
| Contributions, gifts, grants paid | $84,250 |
| Total expenses and disbursements | $86,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,487 |
| 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 | $132,656 |
| 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, Macton Foundation has awarded $84,250 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
DARTMOUTH COLLEGE FUND PURPOSE: PROVIDE SUPERIOR SECONDARY EDUCATION | $500 |
HARVARD BUSINESS SCHOOL PURPOSE: PROVIDE GRADUATE BUSINESS EDUCATION. | $500 |
HEAL THE BAY PURPOSE: SAFE WATERWAYS IN LOS ANGELES | $500 |
LAS MADRINAS PURPOSE: SUPPORT DISADVNTAGED LATINO WOMEN | $1,000 |
KOCE-TV PURPOSE: SUPPORT PUBLIC TELEVISION | $250 |
KUSC PURPOSE: SUPPORT PUBLIC RADIO. | $250 |