Robert L And Kathrina H Maclellan Foundation
- Assets
- $56.0m
- Revenue
- $7.7m
- Investments
- $54.9m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 06/1972
- Data as of
- 12/2023
- 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 12/2023, Robert L And Kathrina H Maclellan Foundation generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $4.2m during the year ending 12/2023. While expenses have increased by 0.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 526 individual grants totaling $26,694,699. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR PROVIDING TECHNICAL ASSISTANCE AND CONSULTING FOR GRANTEES.THE FOUNDATION PARTNERED WITH CATCHAFIRE TO BRING VOLUNTEER CONSULTANT WORK TO OUR MINISTRY PARTNERS WHERE THEY HAVE CAPACITY NEEDS. ADDITIONALLY, WE PARTNERED WITH CONSULTANTS TO PROVIDE COACHING AND CONSULTING SERVICES TO PROVIDE TRAINING, CONSULTING ON STRATEGIC PLANNING, AND LEADERSHIP COACHING FOR GRANTEES. FINALLY, WE PARTNERED WITH THE OCHS CENTER TO COMPLETE A COMPREHENSIVE ASSESSMENT OF THE REENTRY PROGRAMS NEEDED AND OFFERED AT THE HAMILTON COUNTY SHERIFF'S DEPT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert H Maclellan Chairman | 38 | $227,188 | |
Robert Bosworth Trustee, Compensation Committee Chair | 1 | $0 | |
Robert C Divine Trustee | 1 | $0 | |
Ron Bubba Helveston Trustee | 1 | $0 | |
Reid A Maclellan Secretary | 1 | $0 | |
Don Holwerda Trustee, Governance Committee Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,211,639 |
| Net Rental Income | $6,227 |
| Net Gain on Sale of Assets | $6,328,735 |
| Capital Gain Net Income | $6,328,213 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $104,528 |
| Total Revenue | $7,651,129 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $227,188 |
| Other employee salaries and wages | $228,229 |
| Pension plans, employee benefits | $79,822 |
| Interest | $55,881 |
| Taxes | $46,380 |
| Depreciation | $12,452 |
| Occupancy | $22,958 |
| Travel, conferences, and meetings | $51,746 |
| Printing and publications | $0 |
| Other expenses | $675,546 |
| Total operating and administrative expenses | $1,696,027 |
| Contributions, gifts, grants paid | $2,528,575 |
| Total expenses and disbursements | $4,224,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $457,042 |
| 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 | $27,380,229 |
| Net Land, buildings, and equipment | $345,878 |
| Other assets | $312,578 |
| Total assets | $56,047,565 |
| 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, Robert L And Kathrina H Maclellan Foundation has awarded $2,528,575 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BIBLE SOCIETY PURPOSE: FOR LEADERSHIP DEVELOPMENT IN YOUTH. | $15,000 |
BETHEL BIBLE VILLAGE PURPOSE: FOR GENERAL OPERATING SUPPORT. | $1,000 |
BIG BROTHERS BIG SISTERS OF GREATER CHATTANOOGA PURPOSE: FOR EDUCATION OF YOUTH AND CHILDREN. | $45,000 |
BIG BROTHERS BIG SISTERS OF GREATER CHATTANOOGA PURPOSE: FOR GENERAL OPERATING SUPPORT. | $5,000 |
CAMPUS CRUSADE FOR CHRIST INC PURPOSE: FOR GENERAL OPERATING SUPPORT. | $1,000 |
CHATTANOOGA CHAMBER FOUNDATION PURPOSE: FOR EDUCATION OF YOUTH AND CHILDREN. | $25,000 |