Mcdaniel Family Foundation
- Assets
- $2.1m
- Revenue
- $501.3k
- Investments
- $1.8m
- Employees
- 0
- Location
- Elizabeth, CO
- Founding
- 01/2004
- Data as of
- 12/2021
- EIN
- 20-0137557
The information for Mcdaniel Family Foundation is as of the organization's most recent filing in December '21. This organization is located in Elizabeth, CO. It has been in existence for 17 years, following its founding in 2004.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Mcdaniel Family Foundation's NTEE code is T22. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "22" tells us that the organization is a Private Independent Foundation. The NTEE describes Private Independent Foundations as private foundations that make grants based on charitable endowments. These foundations are focused primarily on grantmaking and generally do not actively raise funds or seek public financial support. They are usually endowed by a single individual or family and are considered family foundations if relatives or the original donor are still involved in the foundation's operation. The Mcdaniel Family Foundation is also classified as a 501(c)(3) organization, meaning it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Grant History
Our dataset contains seven years of grant history for the McDaniel Family Foundation. Over the course of these seven years, they have awarded a total of 120 grants, with an average check size of $5,667. On average, the foundation awards 17 grants each year. The majority of their grants are distributed among the Voluntary Health Associations & Medical Disciplines sector, Arts, Culture & Humanities sector, and Animal-Related sector. In terms of geographical distribution, the foundation has awarded the most grants in Colorado (76), followed by Massachusetts (8), New York (6), Wyoming (6), and Montana (6), among others.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Mcdaniel Officer | 1 | $0 | |
Gail Mcdaniel Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $222,479 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,322 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $238,522 |
| Capital Gain Net Income | $238,522 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $501,323 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,503 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,805 |
| Total operating and administrative expenses | $21,308 |
| Contributions, gifts, grants paid | $155,850 |
| Total expenses and disbursements | $177,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,038 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,052,583 |
| 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, Mcdaniel Family Foundation has awarded $155,850 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Elizabeth, CO PURPOSE: GENERAL FUND | $75,000 |
YES COMMUNITIES PURPOSE: GENERAL FUND | $25,000 |
Laramie, WY PURPOSE: GENERAL FUND | $25,000 |
Needham, MA PURPOSE: GENERAL FUND | $20,000 |
YELLOWSTONE FOUNDATION PURPOSE: GENERAL FUND | $5,000 |
Phoenix, AZ PURPOSE: GENERAL FUND | $4,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sorenson Legacy Foundation Midvale, UT | $495,708,411 | $38,649,828 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Charityvision International Inc Provo, UT | $7,076,179 | $9,590,152 |
R Foundation Kaysville, UT | $410,534 | $5,235,533 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Stonewall Foundation Tucson, AZ | $0 | $109,268 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |