Clayton Jackson Mcghie Memorial Inc
- Assets
- $148.0k
- Revenue
- $207.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 11/2003
- Data as of
- 09/2020
- EIN
- 04-3746191
Organization Overview
Clayton Jackson Mcghie Memorial Inc, operating under the name Clayton Jackson Mcghie Memoria, is located in Duluth, MN. The organization was established in 2003. 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. Clayton Jackson Mcghie Memoria 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 09/2020, Clayton Jackson Mcghie Memoria generated $207.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 31.7% each year . All expenses for the organization totaled $85.1k during the year ending 09/2020. While expenses have increased by 3.4% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER RACIAL JUSTICE IN OUR COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARD GRANTS TO STUDENTS IN THE DULUTH/SUPERIOR ARE WHO NEED TO ATTEND AN ACCREDITED DRIVER EDUCATIN AND WHO HAVE FINANCIAL HARDSHIP.AN ANNUAL SCHOLARSHIP TO AA GRADUATING SENIOR IN THE DULUTH/SUPERIOR AREA WHO WILL ATTEND AN ACCREDITED NON-PROFIT SCHOOL, COMMUNITY COLLEGE OR 4 YEAR UNIVERSITY.FUNDS ARE USED TO PLAN AND CORDINATE THE 2020 CLAYTON, JACKSON, MCGIE MEMORIAL 100TH YEAR COMMEMORATION.
AWARD GRANTS TO STUDENTS IN THE DULUTH/SUPERIOR ARE WHO NEED TO ATTEND AN ACCREDITED DRIVER EDUCATIN AND WHO HAVE FINANCIAL HARDSHIP.AN ANNUAL SCHOLARSHIP TO AA GRADUATING SENIOR IN THE DULUTH/SUPERIOR AREA WHO WILL ATTEND AN ACCREDITED NON-PROFIT SCHOOL, COMMUNITY COLLEGE OR 4 YEAR UNIVERSITY.FUNDS ARE USED TO PLAN AND CORDINATE THE 2020 CLAYTON, JACKSON, MCGIE MEMORIAL 100TH YEAR COMMEMORATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Ault Director | OfficerTrustee | 1 | $0 |
Kim Green Co Chair | Officer | 1 | $0 |
Stephan Weatherspoon Co Chair | Officer | 1 | $0 |
Susana Pelayo-Woodward Treasurer | Officer | 1 | $0 |
Treasure Jenkins Director | Trustee | 1 | $0 |
Stephanie Williams Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,111 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $207,130 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| 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 | $56,159 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,861 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $85,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $147,980 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $147,980 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $147,980 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Clayton Jackson Mcghie Memorial Inc has recieved totaling $43,922.
| Awarding Organization | Amount |
|---|---|
Bush Foundation St Paul, MN PURPOSE: TO BE A LEADER AND LEARNER AS A MEMBER OF COMMUNITY CREATIVITY COHORT 2, A 3-YEAR PARTICIPANT-LED CAPACITY BUILDING EFFORT TO SUPPORT ORGANIZATIONS LED BY AND SERVING PEOPLE OF COLOR AND INDIGENOUS PEOPLE, RURAL COMMUNITIES, AND SMALLER CITIES AND TOWNS | $25,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $11,838 |
Duluth Superior Area Community Foundation Inc Duluth, MN PURPOSE: CJM 2020 COMMUNITY REMEMBRANCE MONUMENT, CLAYTON JACKSON MCGHIE 2020 ART EXHIBITIONS | $5,575 |
Lloyd K Johnson Foundation Duluth, MN PURPOSE: CJMM DISCUSSION GUIDE | $1,509 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |
Peo Sisterhood International Chapter Des Moines, IA | $85,884,604 | $5,248,161 |
Herb Kohl Educational Foundation Inc Milwaukee, WI | $133,385 | $3,506,418 |
Valley Senior Living Grand Forks, ND | $804,854 | $3,496,436 |
Ab Nicholas Scholarship Foundation Mequon, WI | $58,753,687 | $6,013,180 |
Hemophilia Outreach Of Wisconsin Inc Green Bay, WI | $38,605,342 | $5,343,718 |
C H Robinson Worldwide Foundation Sioux Falls, SD | $19,568,040 | $4,443,280 |
Delta Dental Of Wisconsin Foundation Inc Stevens Point, WI | $16,778,803 | $4,566,346 |