Malcolm F Macneil Family Fdn Ii
- Assets
- $529.0k
- Revenue
- $21.6k
- Investments
- $514.6k
- Employees
- 0
- Location
- Cumberland Foreside, ME
- Founding
- 06/1973
- Data as of
- 12/2023
- EIN
- 23-7230620
Organization Overview
Malcolm F Macneil Family Fdn Ii is located in Cumberland Foreside, ME. The organization was established in 1973. 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. Malcolm F Macneil Family Fdn Ii 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, Malcolm F Macneil Family Fdn Ii generated $21.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.3%) each year. All expenses for the organization totaled $114.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ACCOMPLISHES ITS CHARITABLE PURPOSE SOLELY THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS TO OTHER TAX-EXEMPT NOT FOR PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce M Macneil Trustee | 0 | $0 | |
Elizabeth Macneil Woodcock Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,203 |
| Dividends & Interest | $17,363 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,056 |
| Capital Gain Net Income | $3,056 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,622 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,075 |
| Total operating and administrative expenses | $4,785 |
| Contributions, gifts, grants paid | $110,000 |
| Total expenses and disbursements | $114,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,762 |
| 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 | $505,441 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,628 |
| Total assets | $528,958 |
| 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, Malcolm F Macneil Family Fdn Ii has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHEVERUS HIGH SCHOOL PURPOSE: EDUCATIONAL PURPOSES | $10,000 |
LAWRENCE ACADEMY PURPOSE: EDUCATIONAL PURPOSES | $100,000 |