Mcnamara Family Foundation Inc
- Assets
- $43.6k
- Revenue
- $22.3k
- Investments
- $35.4k
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 03/2005
- Data as of
- 12/2022
- EIN
- 14-1861856
Organization Overview
Mcnamara Family Foundation Inc is located in Coral Gables, FL. The organization was established in 2005. According to its NTEE Classification (T31) the organization is classified as: Community 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. Mcnamara 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 12/2022, Mcnamara Family Foundation Inc generated $22.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $156.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mcnamara Family Foundation Inc has awarded 19 individual grants totaling $658,500. 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 |
|---|---|---|---|
James M Mcnamara Director | 5 | $0 | |
Lana Mcnamara Director | 0 | $0 | |
Elizabeth Mcnamara Director | 0 | $0 | |
Christine Mcnamara Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,716 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,568 |
| Capital Gain Net Income | $15,568 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,000 |
| Total Revenue | $22,284 |
| 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 | $1,079 |
| Total operating and administrative expenses | $13,022 |
| Contributions, gifts, grants paid | $143,500 |
| Total expenses and disbursements | $156,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,167 |
| 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 | $0 |
| Total assets | $43,569 |
| 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, Mcnamara Family Foundation Inc has awarded $143,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BASCOM PALMER EYE INSTITUTE PURPOSE: TO FREE THE WORLD FROM BLINDNESS AND BLINDING DISEASES. | $2,500 |
HISPANIC SCHOLARSHIP FUND PURPOSE: TO EMPOWER LATINO FAMILIES WITH THE KNOWLEDGE AND RESOURCES TO SUCCESSFULLY COMPLETE A HIGHER EDUCATION, WHILE PROVIDING SCHOLARSHIPS AND SUPPORT SERVICES TO AS MANY EXCEPTIONAL HISPANIC AMERICAN STUDENTS AS POSSIBLE. | $125,000 |
ROLLINS COLLEGE PURPOSE: TO EMPOWER GRADUATES TO PURSUE MEANINGFUL LIVES | $5,000 |
MATTHEW SILVERMAN MEMORIAL FOUNDATION PURPOSE: TO OPEN THE DIALOGUE ON MENTAL HEALTH BETWEEN YOUTH, PARENTS, AND EDUCATORS. MATT'S FOUNDATION IS DEDICATED TO PREVENTING TEEN SUICIDE BY UNDERWRITING LIFELINE PREVENTION, AWARENESS, AND MENTAL HEALTH PROGRAMS. | $5,000 |
CARE ELEMENTARY PURPOSE: TO HELP UNDER-SERVED CHILDREN IN THE OVERTOWN NEIGHBORHOOD IN MIAMI. CARE ELEMENTARY IS DEDICATED TO PROVIDING QUALITY EDUCATION THAT BRIDGES THE LITERACY AND TECHNOLOGY GAP FOR THE STUDENTS WHO ATTEND. | $500 |
A PLACE CALLED HOME PURPOSE: TO PROVIDE A SAFE, NURTURING ENVIRONMENT WITH PROVEN PROGRAMS IN ARTS, EDUCATION AND WELLNESS FOR THE YOUNG PEOPLE IN SOUTH CENTRAL LOS ANGELES TO HELP THEM IMPROVE THEIR ECONOMIC CONDITIONS AND DEVELOP HEALTHY, FULFILLING AND PURPOSEFUL LIVES. | $500 |