Mcguire Memorial Foundation
- Assets
- $9.8m
- Revenue
- $2.0m
- Investments
- $25.9k
- Employees
- 0
- Location
- Coraopolis, PA
- Founding
- 10/2016
- Data as of
- 06/2023
- EIN
- 25-1687137
Organization Overview
Mcguire Memorial Foundation is located in Coraopolis, PA. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public 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. Mcguire Memorial 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 06/2023, Mcguire Memorial Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPREHENSIVE FUNDING THAT ENHANCES SERVICES TO PEOPLE WITH COMPLEX DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF MCGUIRE MEMORIAL FOUNDATION IS TO SOLICIT AND RECEIVE FUNDS AND OTHER PROPERTY OR INTEREST IN PROPERTY BY GIFT, GRANT OR BEQUEST AND TO ADMINISTER, INVEST OR DISBURSE SUCH FUNDS AND PROPERTY EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF MCGUIRE MEMORIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr Mary Rosita Brennan Board Member | Trustee | 0.5 | $0 |
Keith Cassidy Board Member | Trustee | 0.5 | $0 |
Leslie Kittenbrink Board Member | Trustee | 0.5 | $0 |
Mary Grace Belculfine Board Member | Trustee | 0.5 | $0 |
Kevin Mccarl Board Member | Trustee | 0.5 | $0 |
Gregory Miocic Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $51,868 |
| Membership dues | $0 |
| Fundraising events | $268,303 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,493,337 |
| Noncash contributions included in lines 1a–1f | $138,526 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,813,508 |
| Total Program Service Revenue | $0 |
| Investment income | $165,121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,296 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,997,174 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $502,631 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $370,598 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,692 |
| Fees for services: Other | $20,053 |
| Advertising and promotion | $0 |
| Office expenses | $57,379 |
| Information technology | $27,382 |
| Royalties | $0 |
| Occupancy | $23,131 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,261 |
| Insurance | $17,691 |
| All other expenses | $7,296 |
| Total functional expenses | $1,102,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,914 |
| Savings and temporary cash investments | $283,043 |
| Pledges and grants receivable | $8,337 |
| Accounts receivable, net | $214,368 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,500 |
| Net Land, buildings, and equipment | $11,494 |
| Investments—publicly traded securities | $8,739,358 |
| Investments—other securities | $25,935 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,825,949 |
| Accounts payable and accrued expenses | $35,115 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $135,823 |
| Total liabilities | $170,938 |
| Net assets without donor restrictions | $6,880,733 |
| Net assets with donor restrictions | $2,774,278 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,825,949 |
Grants Awarded
Over the last fiscal year, Mcguire Memorial Foundation has awarded $502,103 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MCGUIRE MEMORIAL PURPOSE: ICF/ID LIFE ENRICHMENT RENOVATIONS, PRIVATE SCHOOL BEHAVIOR THERAPY SERVICES, ACQUISITION COSTS OF NEW COMMUNITY HOME, FUNDS TO COVER OPERATING LOSS | $409,678 |
OUR LADY OF SACRED HEART HIGH SCHOOL PURPOSE: TO SPEND DOWN UNUSED SCHOLARSHIP MONIES AS REQUIRED BY THE PENNSYLVANIA TO A QUALIFIED ORGANIZATION. | $92,425 |