Mccarthey Family Foundation
- Assets
- $29.2m
- Revenue
- $2.3m
- Investments
- $29.1m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 20-8067695
Organization Overview
Mccarthey Family Foundation is located in Salt Lake City, UT. The organization was established in 2007. 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. Mccarthey Family 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 12/2021, Mccarthey Family Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mccarthey Family Foundation has awarded 592 individual grants totaling $18,771,874. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd F Brashear Executive Director | 10 | $165,375 | |
John P O'brien Treasurer | 2 | $62,500 | |
Christina Kolkebeck Secretary | 3 | $10,000 | |
Sarah J Mccarthey Director | 2 | $0 | |
Philip G Mccarthey Director | 2 | $0 | |
Thomas K Mccarthey Jr Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mary Kay Lazarus Public Relations Inc | 12/30/19 | $58,125 |
Royce Carlton Inc | 12/30/19 | $55,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,009 |
| Dividends & Interest | $1,396,704 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $817,099 |
| Capital Gain Net Income | $817,099 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $72,560 |
| Total Revenue | $2,294,372 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $237,875 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $55,393 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $23,111 |
| Printing and publications | $5,500 |
| Other expenses | $179,412 |
| Total operating and administrative expenses | $503,818 |
| Contributions, gifts, grants paid | $1,755,630 |
| Total expenses and disbursements | $2,259,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,300 |
| 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 | $80,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,081,960 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $16,282 |
| Total assets | $29,226,542 |
| 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, Mccarthey Family Foundation has awarded $1,755,630 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
KEARNS ST ANN'S CATHOLIC SCHOOL PURPOSE: EDUCATION OPERATIONS FUNDING | $300,000 |
NATIONAL MULTIPLE SCLEROSIS SOCIETY PURPOSE: MEDICAL RESEARCH PROGRAM FUNDING | $137,800 |
Salt Lake City, UT PURPOSE: CAPTITAL CAMPAIGN | $100,000 |
Murray, UT PURPOSE: CAPITAL CAMPAIGN PROGRAM FUNDING | $100,000 |
Salt Lake City, UT PURPOSE: CAPITAL CAMPAIGN SCHOLARSHIP PROGRAM | $100,000 |
NEIGHBORHOOD HOUSE PURPOSE: CAPITAL CAMPAIGN | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
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 |
Dick Scheffel Family Charitable Foundation Reno, NV | $5,433,390 | $2,908,793 |
The W W Smith Charitable Trust Las Vegas, NV | $204,297,707 | $16,939,254 |