Mckenney Family Foundation Inc
- Assets
- $646.9k
- Revenue
- $129.1k
- Investments
- $571.5k
- Employees
- 0
- Location
- Sandy Springs, GA
- Founding
- 05/2003
- Data as of
- 12/2023
- EIN
- 13-4244290
Organization Overview
Mckenney Family Foundation Inc is located in Sandy Springs, GA. The organization was established in 2003. 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. Mckenney Family 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 12/2023, Mckenney Family Foundation Inc generated $129.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $94.6k during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 5 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 2020, Mckenney Family Foundation Inc has awarded 40 individual grants totaling $283,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Mckenney Pres, Treasurer, Trustee | 0.08 | $0 | |
Sarah H Mckenney Secretary, Trustee | 0.08 | $0 | |
John Morton Mckenney Trustee | 0.04 | $0 | |
Susan Mckenney Hines Trustee | 0.04 | $0 | |
Janine Mckenney Trustee | 0.04 | $0 | |
David N Hines Trustee | 0.04 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $106,435 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,394 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,249 |
| Capital Gain Net Income | $13,590 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $129,078 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,626 |
| Contributions, gifts, grants paid | $81,000 |
| Total expenses and disbursements | $94,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $75,163 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $172 |
| Total assets | $646,863 |
| 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, Mckenney Family Foundation Inc has awarded $81,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF REFUGE PURPOSE: TO SUPPORT THE MISSION OF BRINGING LIGHT, HOPE AND TRANSFORMATION TO INDIVIDUALS AND FAMILIES IN ATLANTA. | $7,500 |
EAST COOPER COMMUNITY OUTREACH PURPOSE: TO PROVIDE HELP AND HOPE TO LOCAL NEIGHBORS. | $12,500 |
FCS PRIDE FOR PARENTS PURPOSE: TO PROVIDE OPPORTUNITIES FOR FAMILIES LIVING IN SOUTH ATLANTA TO SHOP FOR THEIR FAMILIES AT A GREATLY REDUCED PRICE. | $2,500 |
BIG SKY BRAVERY FOUNDATION PURPOSE: TO PROVIDE PROACTIVE SUPPORT FOR ACTIVE DUTY SPECIAL OPERATIONS FORCES. | $13,500 |
KIPP METRO ATLANTA SCHOOLS PURPOSE: TO HELP STUDENTS FROM UNDERSERVED COMMUNITIES REACH THEIR FULL POTENTIAL WHILE SUPPORTING THEM ON THEIR JOURNEYS TO AND THROUGH COLLEGE. | $7,500 |
MUST MINISTRIES PURPOSE: TO PROVIDE FOOD AND ECONOMIC SUPPORT TO RESIDENTS OF COBB AND NEIGHBORING COUNTIES. | $7,500 |