Mcdade Family Foundation
- Assets
- $10.2m
- Revenue
- $523.4k
- Investments
- $6.4m
- Employees
- 0
- Location
- North Palm Beach, FL
- Founding
- 09/2008
- Data as of
- 12/2022
- EIN
- 26-0800085
Organization Overview
Mcdade Family Foundation is located in North Palm Beach, FL. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mcdade Family 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, Mcdade Family Foundation generated $523.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.1%) each year. All expenses for the organization totaled $175.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mcdade Family Foundation has awarded 56 individual grants totaling $2,271,811. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Monserrate-Mcdade Trustee | 1 | $0 | |
Herbert H Mcdade III Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $151,875 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $107,100 |
| Capital Gain Net Income | $107,100 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $264,430 |
| Total Revenue | $523,405 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,205 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $750 |
| Total operating and administrative expenses | $13,380 |
| Contributions, gifts, grants paid | $162,000 |
| Total expenses and disbursements | $175,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $881 |
| 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 | $934,748 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,856,146 |
| Total assets | $10,241,342 |
| 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, Mcdade Family Foundation has awarded $162,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC ACADEMIES OF BRIDGEPORT PURPOSE: GENERAL SUPPORT | $1,000 |
MOORE WEALTH INC PURPOSE: GENERAL SUPPORT | $5,000 |
KIND PURPOSE: GENERAL SUPPORT | $5,000 |
DUKE UNIVERSITY PURPOSE: GENERAL SUPPORT | $5,000 |
PALM BEACH COUNTY FOOD BANK PURPOSE: GENERAL SUPPORT | $5,000 |
GUARDIAN REVIVAL PURPOSE: GENERAL SUPPORT | $1,000 |