Mckeen Fund
- Assets
- $9.2m
- Revenue
- $148.8k
- Investments
- $9.0m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 07/1993
- Data as of
- 12/2022
- EIN
- 13-7002920
Organization Overview
Mckeen Fund is located in Palm Beach, FL. 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. Mckeen 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 12/2022, Mckeen Fund generated $148.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.5%) each year. All expenses for the organization totaled $774.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mckeen Fund has awarded 197 individual grants totaling $1,374,900. 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 |
|---|---|---|---|
James J Daly Trustee | 25.94 | $60,000 | |
Beth A Daly Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,100 |
| Dividends & Interest | $101,889 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,778 |
| Capital Gain Net Income | $30,778 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9 |
| Total Revenue | $148,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $138,000 |
| Pension plans, employee benefits | $44,493 |
| Interest | $0 |
| Taxes | $8,229 |
| Depreciation | $332 |
| Occupancy | $31,678 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,245 |
| Other expenses | $10,585 |
| Total operating and administrative expenses | $365,996 |
| Contributions, gifts, grants paid | $408,900 |
| Total expenses and disbursements | $774,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$35,622 |
| Savings and temporary cash investments | $164,641 |
| 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 | $2,536,173 |
| Net Land, buildings, and equipment | $54 |
| Other assets | $3,297 |
| Total assets | $9,164,913 |
| 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, Mckeen Fund has awarded $408,900 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
BEST BUDDIES INTERNATIONAL PURPOSE: YOUTH & FAMILY SERVICES | $1,000 |
HOUR CHILDREN PURPOSE: YOUTH & FAMILY SERVICES | $15,000 |
INDIAN RIVER SYMPHONIC ASSOCIATION PURPOSE: GENERAL SUPPORT | $1,000 |
INDIAN RIVER HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
INTENSIVE THERAPEUTICS PURPOSE: YOUTH & FAMILY SERVICES | $2,500 |
INTERFAITH NUTRITION NETWORK PURPOSE: YOUTH AND FAMILY SERVICES | $5,000 |