The Main Idea Inc Charitable Trust

CHARLOTTESVILLE, VA EIN: 54-6786255

The Main Idea Inc Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLOTTESVILLE, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 1 grants totaling $133K. Net investment income was $41K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.5M

-7.2% YoY

Annual Giving

$133K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$133K

+0.0% YoY

Under IRS private-foundation payout rules, The Main Idea Inc Charitable Trust reported a distributable amount of $134K for 2024 — the minimum it must pay out in qualifying distributions.

About The Main Idea Inc Charitable Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maine $642K (100%)

States

Maine

Cities

Denmark

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,549,542	$1,668,927	$1,796,830
Revenue	$69,236	$57,134	$102,294
Expenses	$188,621	$185,037	$201,494
Qualifying Distributions	$157,520	$158,670	$164,680
Net Investment Income	$40,886	$42,912	$74,698
Distributable Amount	$134,331	$122,583	$131,231

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Main Idea Inc ($133,080).

Recipient	Purpose	Amount
MAIN IDEA INC DENMARK, ME	GENERAL PURPOSES OF DONEE	$133,080

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GWENN S HERZ	TRUSTEE	1	$8,353
SUSAN KOHLMEYER	TRUSTEE	1	$8,353
KIM PHILLIPS	TRUSTEE	1.5	$8,353

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Main Idea Inc Charitable Trust?

The Main Idea Inc Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLOTTESVILLE, VA. It holds $1.5M in total assets as of 2024.

How large is The Main Idea Inc Charitable Trust?

As of 2024, The Main Idea Inc Charitable Trust holds $1.5M in total assets with $69K in annual revenue. It awarded 1 grants totaling $133K in 2024.

Where does The Main Idea Inc Charitable Trust operate?

The Main Idea Inc Charitable Trust has awarded grants in Maine.

What size grants does The Main Idea Inc Charitable Trust award?

In 2024, The Main Idea Inc Charitable Trust awarded 1 grants totaling $133K — an average of about $133K per grant, based on its IRS Form 990 filings.

How much is The Main Idea Inc Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Main Idea Inc Charitable Trust reported a distributable amount of $134K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Main Idea Inc Charitable Trust's EIN?

The Main Idea Inc Charitable Trust's EIN (Employer Identification Number) is 54-6786255. IRS Form 990 filing data is available on this page for 2020–2024.