Robert L And Kathrina H Maclellan Foundation
- Assets
- $56.8m
- Revenue
- $16.8m
- Investments
- $49.8m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 06/1972
- Data as of
- 12/2021
- EIN
- 23-7159802
Organization Overview
Robert L And Kathrina H Maclellan Foundation is located in Chattanooga, TN. The organization was established in 1972. 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. Robert L And Kathrina H Maclellan 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, Robert L And Kathrina H Maclellan Foundation generated $16.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Robert L And Kathrina H Maclellan Foundation has awarded 403 individual grants totaling $21,493,622. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
FOR PROVIDING TECHNICAL ASSISTANCE AND CONSULTING FOR GRANTEES.THE FOUNDATION PARTNERED WITH THE MACLELLAN FOUNDATION, INC. AND CATCHAFIRE TO BRING VOLUNTEER CONSULTANT WORK TO OUR MINISTRY PARTNERS WHERE THEY HAVE CAPACITY NEEDS. ADDITIONALLY, WE PARTNERED WITH A CONSULTANT TO PROVIDE COACHING AND CONSULTING SERVICES TO PROVIDE TRAINING, CONSULTING ON STRATEGIC PLANNING AND LEADERSHIP COACHING FOR GRANTEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert H Maclellan Chairman | 38 | $202,488 | |
Tyler B Harr Grant Officer | 36 | $72,085 | |
Jeree B Skeen Office Manager And S | 36 | $65,293 | |
Tonya A Whitman Grant Officer | 36 | $50,125 | |
Robert Bosworth Compensation Committee Chair | 1 | $0 | |
Donald J Holwerda Governance Committee Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $52 |
| Dividends & Interest | $856,390 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,657,750 |
| Capital Gain Net Income | $15,657,750 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $322,467 |
| Total Revenue | $16,836,659 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $202,488 |
| Other employee salaries and wages | $187,504 |
| Pension plans, employee benefits | $68,224 |
| Interest | $38,759 |
| Taxes | $20,178 |
| Depreciation | $12,521 |
| Occupancy | $20,512 |
| Travel, conferences, and meetings | $8,911 |
| Printing and publications | $0 |
| Other expenses | $535,484 |
| Total operating and administrative expenses | $1,389,425 |
| Contributions, gifts, grants paid | $2,459,090 |
| Total expenses and disbursements | $3,848,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,588,641 |
| 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 | $35,739,558 |
| Net Land, buildings, and equipment | $370,805 |
| Other assets | $0 |
| Total assets | $56,774,475 |
| 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 | $189,143 |
| Total liabilities | $189,143 |
Grants Awarded
Over the last fiscal year, Robert L And Kathrina H Maclellan Foundation has awarded $2,459,090 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST PURPOSE: FOR GENERAL OPERATING SUPPORT. | $301,540 |
Bristol, TN PURPOSE: FOR GENERAL OPERATING SUPPORT. | $250,000 |
Chattanooga, TN PURPOSE: FOR BUILDING INFRASTRUCTURE. | $165,000 |
Chattanooga, TN PURPOSE: FOR BUILDING INFRASTRUCTURE. | $165,000 |
CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST PURPOSE: FOR BUILDING ORGANIZATIONAL CAPACITY. | $150,000 |
CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST PURPOSE: FOR OUTREACH TO THE INDIGENT. | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |