Pate Mcclintic Foundation Tr
- Assets
- $582.6k
- Revenue
- $40.2k
- Investments
- $574.8k
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 01-6181111
Organization Overview
Pate Mcclintic Foundation Tr is located in Chapel Hill, NC. The organization was established in 2016. 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. Pate Mcclintic Foundation Tr 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 12/2023, Pate Mcclintic Foundation Tr generated $40.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $46.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Pate Mcclintic Foundation Tr has awarded 95 individual grants totaling $302,500. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Pate Mcclintic Director | 10 | $0 | |
Abbot H Mcclintic Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,665 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,539 |
| Capital Gain Net Income | $13 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,204 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $111 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,161 |
| Contributions, gifts, grants paid | $39,000 |
| Total expenses and disbursements | $46,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,191 |
| 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 | $662 |
| Total assets | $582,633 |
| 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, Pate Mcclintic Foundation Tr has awarded $39,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS OF THE COASTAL P PURPOSE: ANNUAL FUND | $2,000 |
CHRIST EPISCOPAL CHURCH PURPOSE: ANNUAL FUND | $4,000 |
NSCDA OF NORTH CAROLINA PURPOSE: MUSEUM HOUSES ENDOWMENT | $2,000 |
THE EPIPHANY FUND PURPOSE: ANNUAL FUND | $1,000 |
RELIGIOUS COMMUNITY SERVICES PURPOSE: ANNUAL FUND | $2,000 |
SAINT ANDREWS EPISCOPAL CHURCH PURPOSE: ANNUAL FUND | $4,000 |