Margulf Foundation

Glendale, CO
Tax-exempt since June 1978
EIN: 13-2927245

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$5.3M (2023)

Expenses

$11.7M (2023)

Total Assets

$250M (2023)

Total Liabilities

$137k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Nov.
2023

Revenue

$5,304,883

Expenses

$11,652,673

Net Income

-$6,347,790

Net Assets

$249,512,874

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$414,951	7.8%
Interest Revenue	$0
Dividends	$2,497,508	47.1%
Sales of Assets	$2,392,424	45.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,830,082	92.9%
Compensation of Officers*	$613,857	5.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$249,649,820
Total Liabilities	$136,946
Net Assets	$249,512,874

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Aybar Conti (Chief Executive Officer)	$332,333	$17,849
Sonya Marques Correia (Chief Financial Officer)	$255,904	$14,698
Logan Boon (Grants Lead)	$133,042	$9,182
Dee Arias (Coordinator)	$86,069	$4,120
Jeremy Flug (Director, President)	$0	$0
Jerry Buck (Treasurer And Secretary (Thru 08/23))	$0	$0
Ramsay Stabler (Director)	$0	$0
Vicki Flug Sterling (Director)	$0	$0
Eunice Kim (Director, Treasurer (Beg 08/23))	$0	$0
Richard Boerner (Director (Thru 03/23))	$0	$0
Dwight Jones (Director (Beg 04/23))	$0	$0

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990-PF

Filed on April 9, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Nov.
2022

Revenue

$12,944,358

Expenses

$13,233,177

Net Income

-$288,819

Net Assets

$241,563,014

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$414,951	3.2%
Interest Revenue	$0
Dividends	$1,463,514	11.3%
Sales of Assets	$11,065,893	85.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,579,284	95.1%
Compensation of Officers*	$541,958	4.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$241,666,410
Total Liabilities	$103,396
Net Assets	$241,563,014

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Aybar Conti (Chief Executive Officer)	$296,250	$16,227
Sonya Marques Correia (Chief Financial Officer)	$222,458	$12,426
Ankita Jhaveri (Associate Director)	$145,208	$4,325
Logan Boon (Grants Coordinator)	$107,333	$7,038
Dee Arias (Coordinator)	$79,600	$0
Jeremy Flug (President)	$0	$0
Jerry Buck (Treasurer And Secretary)	$0	$0
Ramsay Stabler (Director)	$0	$0
Vicki Flug Sterling (Director)	$0	$0
Richard Boerner (Director)	$0	$0

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990-PF

Filed on April 12, 2023

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Nov.
2021

Revenue

$8,061,478

Expenses

$14,022,430

Net Income

-$5,960,952

Net Assets

$278,751,229

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$414,951	5.1%
Interest Revenue	$0
Dividends	$1,170,093	14.5%
Sales of Assets	$6,476,434	80.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,368,303	95.3%
Compensation of Officers*	$296,782	2.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$278,858,541
Total Liabilities	$107,312
Net Assets	$278,751,229

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Aybar Conti (Executive Director)	$273,250	$14,408
Sonya Marques Correia (Director Of Finance)	$202,958	$11,528
Logan Boon (Grants Coordinator)	$94,695	$6,838
Ankita Jhaveri (Associate Director)	$58,112	$0
Jeremy Flug (President)	$0	$0
Jerry Buck (Treasurer And Secretary)	$0	$0
Ramsay Stabler (Director)	$0	$0
Vicki Flug Sterling (Director)	$0	$0
Richard Boerner (Director)	$0	$0

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990-PF

Filed on April 7, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2020

Revenue

-$3,558,834

Expenses

$9,365,198

Net Income

-$12,924,032

Net Assets

$253,533,780

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$908,514
Interest Revenue	$0
Dividends	$1,988,663
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,904,111	95.1%
Compensation of Officers*	$276,728	3.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$253,601,874
Total Liabilities	$68,094
Net Assets	$253,533,780

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Aybar Conti (Executive Director)	$264,728	$13,000
Sonya Marques Correia (Director Of Finance)	$197,179	$10,225
Logan Boon (Grants Coordinator)	$95,532	$5,613
Jeremy Flug (President)	$0	$0
Ramsay Stabler (Director)	$0	$0
Jerry Buck (Treasurer And Secretary)	$0	$0
Vicki Flug Sterling (Director)	$0	$0
Richard Boerner (Director)	$0	$0

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990-PF

Filed on April 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Nov.
2019

Revenue

$126,764,807

Expenses

$6,916,826

Net Income

$119,847,981

Net Assets

$238,167,870

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$125,123,595	98.7%
Interest Revenue	$0
Dividends	$1,696,407	1.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,593,538	95.3%
Compensation of Officers*	$261,189	3.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$238,404,307
Total Liabilities	$236,437
Net Assets	$238,167,870

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Aybar Conti (Executive Director)	$262,176	$0
Sonya Marques Correia (Director Of Finance)	$173,690	$0
Logan Boon (Grants Coordinator)	$88,733	$0
Jeremy Flug (President)	$0	$0
Ramsay Stabler (Director)	$0	$0
Jerry Buck (Treasurer And Secretary)	$0	$0
Vicki Sterling (Director)	$0	$0
Richard Boerner (Director)	$0	$0

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990-PF

Filed on April 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Nov.
2018

Revenue

$27,572,037

Expenses

$3,641,205

Net Income

$23,930,832

Net Assets

$107,858,750

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,970,000	94.2%
Interest Revenue	$0
Dividends	$1,086,750	3.9%
Sales of Assets	$515,287	1.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,413,443	93.7%
Compensation of Officers*	$186,370	5.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$108,258,000
Total Liabilities	$399,250
Net Assets	$107,858,750

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Aybar Conti (Executive Director)	$186,370	$13,869
Sonya Marques Correia (Director Of Finance)	$54,539	$0
Jeremy Flug (President)	$0	$0
Richard Boerner (Director)	$0	$0
Ramsay Stabler (Director)	$0	$0
Jerry Buck (Treasurer And Secretary)	$0	$0
Vicki Sterling (Director)	$0	$0

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990-PF

Filed on Aug. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2017

Revenue

$69,793,829

Expenses

$1,987,048

Net Income

$67,806,781

Net Assets

$87,604,365

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$69,528,047	99.6%
Interest Revenue	$0
Dividends	$287,657	0.4%
Sales of Assets	-$21,875
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,974,487	99.4%
Compensation of Officers*	$154,920	7.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$87,605,824
Total Liabilities	$1,459
Net Assets	$87,604,365

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Aybar Conti (Executive Director)	$154,920	$31,482
Jeremy Flug (President)	$0	$0
Eliza K Flug (Trustee)	$0	$0
Ramsay Stabler (Trustee)	$0	$0
Dave Eggleston (Treasurer And Secretary)	$0	$0
Vicki Sterling (Trustee)	$0	$0

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990-PF

Filed on Oct. 4, 2018

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Nov.
2016

Revenue

$8,981,622

Expenses

$2,456,131

Net Income

$6,525,491

Net Assets

$18,405,256

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$8,972,408	99.9%
Interest Revenue	$0
Dividends	$9,214	0.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,318,618	94.4%
Compensation of Officers*	$150,620	6.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,536,514
Total Liabilities	$131,258
Net Assets	$18,405,256

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Aybar Conti (Executive Director)	$150,620	$31,480
Jeremy Flug (President)	$0	$0
Eliza K Flug (Trustee)	$0	$0
Ramsay Stabler (Trustee)	$0	$0
Dave Eggleston (Treasurer And Secretary)	$0	$0
Vicki Sterling (Trustee)	$0	$0

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990-PF

Filed on April 17, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2015

Revenue

$218,335

Expenses

$1,983,668

Net Income

-$1,765,333

Net Assets

$11,879,765

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$213,861	98.0%
Interest Revenue	$0
Dividends	$4,474	2.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,952,034	98.4%
Compensation of Officers*	$150,331	7.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,882,097
Total Liabilities	$2,332
Net Assets	$11,879,765

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Aybar Conti (Executive Director)	$150,331	$27,514
Martin Flug (President)	$0	$0
Jeremy Flug (Vice President)	$0	$0

990-PF

Filed on Sept. 1, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Nov.
2014

Revenue

$241,727

Expenses

$1,024,543

Net Income

-$782,816

Net Assets

$13,645,098

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$237,095	98.1%
Interest Revenue	$0
Dividends	$4,632	1.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$995,099	97.1%
Compensation of Officers*	$150,331	14.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,676,541
Total Liabilities	$31,443
Net Assets	$13,645,098

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Aybar Conti (Executive Director)	$150,331	$23,521
Martin Flug (President)	$0	$0
Jeremy Flug (Vice President)	$0	$0
Richard Boerner (Treasurer)	$0	$0

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990-PF

Filed on July 10, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2013

Revenue

$268,434

Expenses

$502,658

Net Income

-$234,224

Net Assets

$14,427,914

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$254,848	94.9%
Interest Revenue	$0
Dividends	$13,586	5.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$486,124	96.7%
Compensation of Officers*	$136,527	27.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,436,414
Total Liabilities	$8,500
Net Assets	$14,427,914

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Nov.
2012

Revenue

$556,903

Expenses

$1,560,697

Net Income

-$1,003,794

Net Assets

$14,711,352

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$469,709	84.3%
Interest Revenue	$0
Dividends	$87,194	15.7%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,542,895	98.9%
Compensation of Officers*	$148,130	9.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,719,843
Total Liabilities	$8,491
Net Assets	$14,711,352

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2011

Revenue

$3,187,770

Expenses

$1,297,632

Net Income

$1,890,138

Net Assets

$15,713,777

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,000,000	94.1%
Interest Revenue	$0
Dividends	$186,770	5.9%
Sales of Assets	$0
Other Income	$1,000	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,282,983	98.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,718,743
Total Liabilities	$4,966
Net Assets	$15,713,777

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Margulf Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $5.3M (2023)

Expenses $11.7M (2023)

Total Assets $250M (2023)

Total Liabilities $137k (2023)

Tax Filings by Year

Fiscal Year Ending Nov. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Nov. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Nov. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Nov. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Nov. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$5.3M (2023)

Expenses

$11.7M (2023)

Total Assets

$250M (2023)

Total Liabilities

$137k (2023)

Fiscal Year Ending Nov.
2023

Fiscal Year Ending Nov.
2022

Fiscal Year Ending Nov.
2021

Fiscal Year Ending Nov.
2020

Fiscal Year Ending Nov.
2019

Fiscal Year Ending Nov.
2018

Fiscal Year Ending Nov.
2017

Fiscal Year Ending Nov.
2016

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Nov.
2007

Fiscal Year Ending Nov.
2006

Fiscal Year Ending Nov.
2005

Fiscal Year Ending Nov.
2004

Fiscal Year Ending Nov.
2003

Fiscal Year Ending Nov.
2002

Fiscal Year Ending Nov.
2001