Mclean Fund
- Assets
- $53.9m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Simsbury, CT
- Founding
- 07/1968
- Data as of
- 09/2023
- EIN
- 06-6026241
Organization Overview
Mclean Fund is located in Simsbury, CT. The organization was established in 1968. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclean Fund 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 09/2023, Mclean Fund generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $1.4m during the year ending 09/2023. While expenses have increased by 8.6% per year over the past 8 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 2018, Mclean Fund has awarded 12 individual grants totaling $3,342,847. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MCLEAN FUND CARRIES OUT THE PUBLIC AND CHARITABLE PURPOSES SET FORTH IN THE WILL OF SENATOR GEORGE P. MCLEAN. THE PURPOSES OF THE FUND ARE THE SUPPORT OF THE MCLEAN GAME REFUGE, A 501(C)(3) NATURE PRESERVE OF OVER 4,400 ACRES THAT IS OPEN TO THE PUBLIC, AND SUPPORT OF MCLEAN AFFILIATES, A 501(C)(3) ORGANIZATION WHICH PROVIDES CARE, MAINTENANCE, WELFARE, SUPPORT, NURSING AND MEDICAL ASSISTANCE TO ITS RESIDENTS AND COMMUNITY AT LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS FUNDING IS TO SUPPORT MCLEAN AFFILIATES, INC. (EIN #26-1960246) IN PROVIDING CARE, MAINTENANCE, WELFARE, SUPPORT, NURSING AND MEDICAL ASSISTANCE TO ITS RESIDENTS AND THE COMMUNITY AT LARGE. MCLEAN AFFILIATES PROGRAM METRICS: A) LONG TERM CARE - 19,390 INPATIENT DAYS; B) POST ACUTE REHABILITATION 5,329 INPATIENT DAYS; C) ASSISTED LIVING 17,757 DAYS OF CARE; D) HOSPICE 5,316 VISITS; E) HOME CARE 11,703 CLIENT VISITS; F) HOME DELIVERED MEALS 26,138; G) AND OUTPATIENT REHABILITATION SERVICES 6,628 VISITS.
THIS FUNDING IS TO SUPPORT THE MCLEAN GAME REFUGE, INC. (EIN #26-1960261) WHICH IS A NATURAL PRESERVE TOTALING OVER 4,400 ACRES IN THE TOWNS OF GRANBY, SIMSBURY, AND CANTON, CONNECTICUT. THE GAME REFUGE IS OPEN TO THE PUBLIC FOR NATURE STUDY AND RECREATION WITHOUT CHARGE ON A YEAR ROUND BASIS. IT IS RECOGNIZED BY THE NATIONAL PARK SERVICE AS A NATIONAL NATURAL AREA.
MCLEAN FUND ENGAGED EXPERTS IN THE FIELDS OF MARKETING, HEALTH CARE REIMBURSEMENT, ATTORNEYS, AND SENIOR LIVING CONSULTANTS TO DEVELOP STRATEGIES THAT MAKE GOOD USE OF THE FUND'S ASSETS IN EVOLVING THE FIELD OF PROVIDING SENIOR CITIZEN SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Paine Chairperson | OfficerTrustee | 3 | $0 |
Kathleen Alsgaard Trustee | Trustee | 2 | $0 |
James Cox-Chapman Trustee | Trustee | 1.5 | $0 |
Jared Grise Trustee | Trustee | 2.5 | $0 |
Robert S Hensley Trustee (left 6/12/2023) | Trustee | 2 | $0 |
Linda Schofield Trustee | Trustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
One Point Planning | 9/29/23 | $233,132 |
Ce Floyd Planning | 9/29/23 | $170,601 |
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 | $1,750,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,750,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,341,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $120,000 |
| Net Gain/Loss on Asset Sales | $751,319 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,962,492 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $631,150 |
| 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 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 | $0 |
| Fees for services: Legal | $9,277 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,353 |
| Fees for services: Other | $659,363 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $62,866 |
| All other expenses | $0 |
| Total functional expenses | $1,399,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,277,865 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,138 |
| 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 | $42,140 |
| Net Land, buildings, and equipment | $280,050 |
| Investments—publicly traded securities | $51,694,849 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $525,866 |
| Total assets | $53,863,908 |
| Accounts payable and accrued expenses | $224,562 |
| 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 | $224,562 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $53,639,346 |
| Total liabilities and net assets/fund balances | $53,863,908 |
Grants Awarded
Over the last fiscal year, Mclean Fund has awarded $631,150 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MCLEAN AFFILIATES INC PURPOSE: FUNDING TO SUPPORT MCLEAN AFFILIATES | $334,000 |
MCLEAN GAME REFUGE INC PURPOSE: FUNDING TO SUPPORT MCLEAN AFFILIATES | $297,150 |