Mclaughlin Fam Foundation
- Assets
- $1.0m
- Revenue
- $34.9k
- Investments
- $988.1k
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 06-1601986
Organization Overview
Mclaughlin Fam Foundation is located in Vero Beach, FL. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mclaughlin Fam Foundation 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, Mclaughlin Fam Foundation generated $34.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $43.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vickie Mclaughlin Manager | 0 | $0 | |
Greg Mclaughlin Manager | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,764 |
| Interest on Savings | $29 |
| Dividends & Interest | $19,654 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,464 |
| Capital Gain Net Income | $12,464 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,911 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $275 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,799 |
| Total operating and administrative expenses | $7,838 |
| Contributions, gifts, grants paid | $35,965 |
| Total expenses and disbursements | $43,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,302 |
| Savings and temporary cash investments | $0 |
| 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 | $988,102 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,010,404 |
| 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, Mclaughlin Fam Foundation has awarded $35,965 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
PART OF THE SOLUTION PURPOSE: GENERAL OPERATING | $1,000 |
CLEVELAND CLINIC INDIAN RIVER HOSPITAL PURPOSE: GENERAL OPERATING | $2,250 |
BOYS AND GIRLS CLUB PURPOSE: GENERAL OPERATING | $1,000 |
COME TO BELIEVE FOUNDATION PURPOSE: GENERAL OPERATING | $5,000 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL OPERATING | $1,000 |
FORDHAM UNIVERSITY PURPOSE: GENERAL OPERATING | $1,000 |