William McDaniel Charitable Foundation Inc
- Assets
- $938.9k
- Revenue
- $86.5k
- Investments
- $165.7k
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 08/2008
- Data as of
- 12/2018
- EIN
- 26-1267127
Organization Overview
William McDaniel Charitable Foundation Inc is located in Charlotte, NC. The organization was established in 2008. 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.
For the year ending 12/2018, William McDaniel Charitable Foundation Inc generated $86.5k in total revenue. All expenses for the organization totaled $15.9k during the year ending 12/2018.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,078 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,309 |
| Capital Gain Net Income | $73,309 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $128 |
| Total Revenue | $86,515 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $7,907 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $15,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $773,167 |
| 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 | $938,910 |
| 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 | $5,001 |
| Total liabilities | $5,001 |
Grants Awarded
Over the last fiscal year, William McDaniel Charitable Foundation Inc has awarded $58,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ADLER PLANETARIUM PURPOSE: SUPPORT MUSEUM EXHIBITS, RESEARCH, AND EDUCATION PROGRAMS. | $8,000 |
FIDELITY CHARITABLE GIVING PURPOSE: GENERAL | $50,000 |