Philip M Mckenna Foundation Inc
- Assets
- $14.2m
- Revenue
- $911.2k
- Investments
- $13.4m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 12/1967
- Data as of
- 12/2022
- EIN
- 25-6082635
Organization Overview
Philip M Mckenna Foundation Inc is located in Pittsburgh, PA. The organization was established in 1967. 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. Philip M Mckenna Foundation Inc 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, Philip M Mckenna Foundation Inc generated $911.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 3.3% 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, Philip M Mckenna Foundation Inc has awarded 96 individual grants totaling $2,354,892. 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 |
|---|---|---|---|
Mr T William Boxx Chairman | 40 | $110,951 | |
Charles R Kesler Ph D Vice Chairman | 0 | $0 | |
Peter Boxx Board Member | 0 | $0 | |
Mr Jonathan C Hall Board Member | 0 | $0 | |
Mrs Zan Mckenna Rich Secretary | 0 | $0 | |
Bny Mellon N A Corporate Trustee | 1 | $60,112 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $362,251 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $546,051 |
| Capital Gain Net Income | $546,051 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,864 |
| Total Revenue | $911,166 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $171,063 |
| Other employee salaries and wages | $17,451 |
| Pension plans, employee benefits | $44,425 |
| Interest | $0 |
| Taxes | $24,428 |
| Depreciation | $0 |
| Occupancy | $19,341 |
| Travel, conferences, and meetings | $312 |
| Printing and publications | $0 |
| Other expenses | $9,799 |
| Total operating and administrative expenses | $288,020 |
| Contributions, gifts, grants paid | $756,000 |
| Total expenses and disbursements | $1,044,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,457 |
| Savings and temporary cash investments | $840,998 |
| 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 | $13,394,748 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,243,203 |
| 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, Philip M Mckenna Foundation Inc has awarded $756,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEGHENY INSTITUTE FOR PUBLIC POLICY PURPOSE: GENERAL OPERATIONS | $30,000 |
AMERICAN COUNCIL OF TRUSTEES & ALUMNI PURPOSE: GENERAL OPERATIONS | $15,000 |
AMERICAN ENTERPRIES INSTITUTE FOR PUBLIC PURPOSE: FISCAL POLICY AND | $30,000 |
AMERICANS FOR FAIR TREATMENT PURPOSE: GENERAL OPERATIONS | $15,000 |
ASHLAND UNIVERSITY JOHN M ASHBROOK CEN PURPOSE: SCHOLARSHIPS FOR TEACHERS | $10,000 |
CAPITAL RESEARCH CENTER PURPOSE: GENERAL OPERATIONS | $15,000 |