Mclain Foundation
- Assets
- $487.7k
- Revenue
- $25.9k
- Investments
- $466.0k
- Employees
- 0
- Location
- Clarence Center, NY
- Founding
- 02/1960
- Data as of
- 12/2022
- EIN
- 16-6032078
Organization Overview
Mclain Foundation is located in Clarence Center, NY. The organization was established in 1960. 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. Mclain 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 12/2022, Mclain Foundation generated $25.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $74.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mclain Foundation has awarded 299 individual grants totaling $477,113. 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 |
|---|---|---|---|
Dr David M Wright Trustee | 1 | $0 | |
Dr Douglas F Wright Trustee | 1 | $0 | |
Jonathan Wright Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,059 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,870 |
| Capital Gain Net Income | $1,870 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,929 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,657 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,189 |
| Total operating and administrative expenses | $13,831 |
| Contributions, gifts, grants paid | $60,551 |
| Total expenses and disbursements | $74,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,787 |
| Savings and temporary cash investments | $15,000 |
| 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 | $487,738 |
| 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, Mclain Foundation has awarded $60,551 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION OF WNY PURPOSE: GENERAL USE BY CHARITABLE ORGANIZATION | $2,000 |
AUTISM SOCIETY OF WNY PURPOSE: GENERAL USE BY CHARITABLE ORGANIZATION | $1,000 |
BUFFALO DREAM CENTER PURPOSE: GENERAL USE BY RELIGIOUS ORGANIZATION | $1,000 |
BUFFALO NIAGARA WATERKEEPERS PURPOSE: GENERAL USE BY CHARITABLE ORGANIZATION | $500 |
BUFFALO PHILHARMONIC PURPOSE: GENERAL USE BY CHARITABLE ORGANIZATION | $1,050 |
AUTISM SERVICES INC PURPOSE: GENERAL USE BY CHARITABLE ORGANIZATION | $2,000 |