Mcmullen Family Foundation
- Assets
- $24.6m
- Revenue
- $6.3m
- Investments
- $24.6m
- Employees
- 0
- Location
- Montclair, NJ
- Founding
- 10/1993
- Data as of
- 05/2024
- EIN
- 13-3721747
Organization Overview
Mcmullen Family Foundation is located in Montclair, NJ. The organization was established in 1993. 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. Mcmullen Family 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 05/2024, Mcmullen Family Foundation generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $1.2m during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Mcmullen Family Foundation has awarded 135 individual grants totaling $3,493,166. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Mcmullen Treasurer | 0.1 | $0 | |
Peter Mcmullen President | 1.1 | $0 | |
John J Mcmullen Jr Vice President | 0.1 | $0 | |
Jacqueline Mcmullen Director | 0.1 | $0 | |
Patrick Gilmartin Director | 0.1 | $0 | |
James Blake Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $77,012 |
| Dividends & Interest | $806,984 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,336,252 |
| Capital Gain Net Income | $5,336,252 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $121,222 |
| Total Revenue | $6,341,470 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,945 |
| Interest | $0 |
| Taxes | $36,964 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,572 |
| Total operating and administrative expenses | $308,882 |
| Contributions, gifts, grants paid | $915,833 |
| Total expenses and disbursements | $1,224,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,162 |
| 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 | $927,474 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,597,660 |
| 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, Mcmullen Family Foundation has awarded $915,833 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
KIPP NEW JERSEY PURPOSE: SUPPORT THEIR ACTIVITIES | $50,000 |
THE LUSTGARTEN FOUNDATION PURPOSE: SUPPORT THEIR ACTIVITIES | $125,000 |
MAIN ST COUNSELING CENTER PURPOSE: SUPPORT THEIR ACTIVITIES | $5,000 |
HOCKEY IN NEW JERSEY PURPOSE: SUPPORT THEIR ACTIVITIES | $25,000 |
METROPOLITAN YMCA OF THE ORANGES PURPOSE: SUPPORT THEIR ACTIVITIES | $8,000 |
MONTCLAIR ART MUSEUM PURPOSE: SUPPORT THEIR ACTIVITIES | $4,000 |