Henry A And Mary J Macdonald Foundation
- Assets
- $2.8m
- Revenue
- $286.5k
- Investments
- $2.8m
- Employees
- 0
- Location
- Erie, PA
- Founding
- 03/1999
- Data as of
- 12/2022
- EIN
- 25-1640459
Organization Overview
Henry A And Mary J Macdonald Foundation is located in Erie, PA. The organization was established in 1999. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Henry A And Mary J Macdonald 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 12/2022, Henry A And Mary J Macdonald Foundation generated $286.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $253.8k during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 4 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 2020, Henry A And Mary J Macdonald Foundation has awarded 32 individual grants totaling $675,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S Craig Shamburg Treasurer | 0 | $0 | |
John A Lauer President | 0 | $0 | |
Michael P Thomas Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $383 |
| Dividends & Interest | $91,531 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $194,610 |
| Capital Gain Net Income | $194,610 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $286,524 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,140 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $33,799 |
| Contributions, gifts, grants paid | $220,000 |
| Total expenses and disbursements | $253,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,900 |
| 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 | $2,828,841 |
| 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, Henry A And Mary J Macdonald Foundation has awarded $220,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MOTHER TERESA ACADEMY PURPOSE: GENERAL UNRESTRICTED | $35,000 |
SARAH A REED CHILDREN'S CENTER PURPOSE: GENERAL UNRESTRICTED | $40,000 |
ERIE PHILHARMONIC INC PURPOSE: CHILDREN'S MUSIC EDUCATION | $25,000 |
BAYFRONT NATO INC PURPOSE: GENERAL UNRESTRICTED | $10,000 |
BOOKER T WASHINGTON CENTER PURPOSE: GENERAL UNRESTRICTED | $10,000 |
ST MARTIN CENTER INC PURPOSE: GENERAL UNRESTRICTED | $30,000 |