J Warren & Lois Mcclure Foundation Inc
- Assets
- $8.4m
- Revenue
- $895.7k
- Investments
- $5.3m
- Employees
- 1
- Location
- Middlebury, VT
- Founding
- 02/1995
- Data as of
- 12/2022
- EIN
- 03-0345186
Organization Overview
J Warren & Lois Mcclure Foundation Inc is located in Middlebury, VT. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J Warren & Lois Mcclure Foundation Inc 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, J Warren & Lois Mcclure Foundation Inc generated $895.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $777.6k during the year ending 12/2022. While expenses have increased by 4.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, J Warren & Lois Mcclure Foundation Inc has awarded 101 individual grants totaling $4,032,255. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT BROAD CHARITABLE PURPOSES, PRIMARILY IN THE STATE OF VERMONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE J. WARREN & LOIS MCCLURE FOUNDATION ENVISIONS A VERMONT IN WHICH NO PROMISING JOB GOES UNFILLED FOR LACK OF A QUALIFIED APPLICANT AND WHERE COLLEGE AND CAREER TRAINING CONTRIBUTE TO GREATER EQUITY AND RESILIANCE. IN 2022, THE FOUNDATION PROVIDED 27 GRANTS IN SUPPORT OF ITS MISSION TO PROMOTE EQUITABLE ACCESS TO CAREER AND POSTSECONDARY EDUCATION FOR ALL VERMONTS; ESPECIALLY LOW-INCOME STUDENTS, FIRST GENERATION COLLEGES STUDENTS, WORKING ADULTS, VETERANS AND HIGH SCHOOL SENIORS IMPACTED BY THE COVID-19 CRISIS. THOSE GRANTS SUPPORTED PROGRAMS IN ALL 14 COUNTIES IN VERMONT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Benedict President | OfficerTrustee | 8 | $0 |
Rebecca Henry Vice President | OfficerTrustee | 2 | $0 |
Timothy J Donovan Treasurer | OfficerTrustee | 2 | $0 |
Dan Smith Secretary | OfficerTrustee | 2 | $0 |
Janet Mclaughlin Director | Trustee | 2 | $0 |
Carolyn Weir Executive Director | OfficerTrustee | 40 | $102,771 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $662,938 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $662,938 |
| Total Program Service Revenue | $0 |
| Investment income | $95,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $137,531 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $895,702 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $486,901 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $114,797 |
| Compensation of current officers, directors, key employees. | $28,699 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $62,742 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,991 |
| Fees for services: Other | $24,132 |
| Advertising and promotion | $1,755 |
| Office expenses | $1,497 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,217 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $289 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,275 |
| All other expenses | $1,050 |
| Total functional expenses | $777,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,974 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,402,549 |
| Investments—other securities | $5,260,426 |
| Investments—program-related | $735,972 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,403,921 |
| Accounts payable and accrued expenses | $496 |
| Grants payable | $261,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $261,496 |
| Net assets without donor restrictions | $8,142,425 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,403,921 |
Grants Awarded
Over the last fiscal year, J Warren & Lois Mcclure Foundation Inc has awarded $422,100 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY COLLEGE OF VERMONT PURPOSE: TO SUPPORT CAREER LEARNING MANAGEMENT CAPACITY AND INTEGRATION | $75,500 |
COMMUNITY COLLEGE OF VERMONT PURPOSE: TO SUPPORT VETERAN AND MILITARY SERVICES | $45,000 |
COMMUNITY COLLEGE OF VERMONT PURPOSE: TO SUPPORT INCARCERATED EDUCATION INCLUDING THE RESET VT PROGRAM | $90,000 |
COMMUNITY COLLEGE OF VERMONT PURPOSE: TO SUPPORT POSTSECONDARY CONTINUATION AND COLLEGE COMPLETION FOR THE 2021-2022 EARLY COLLEGE COHORT | $63,000 |
VERMONT PRINCIPALS' ASSOCIATION INC PURPOSE: TO SUPPORT EQUITY EFFORTS VIA THREE PAYMENTS OF $5,000 SCHEDULED FOR JANUARY 2022, JANUARY 2023, AND JANUARY 2024. | $15,000 |
VERMONT SCHOOL COUNSELOR ASSOCIATION INC PURPOSE: TO HELP SUPPORT THE TRANSITION TO A PAID STAFFING MODEL FY23-FY26 TO ADVANCE ITS STRATEGIC PLAN. | $110,000 |