Mccune Family Foundation
- Assets
- $37.1m
- Revenue
- $610.8k
- Investments
- $35.2m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/2008
- Data as of
- 12/2023
- EIN
- 26-1595257
Organization Overview
Mccune Family Foundation is located in Chicago, IL. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccune 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 12/2023, Mccune Family Foundation generated $610.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mccune Family Foundation has awarded 143 individual grants totaling $8,879,204. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,169,115 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$558,346 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $610,769 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $227,282 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $97,832 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17 |
| Total operating and administrative expenses | $327,631 |
| Contributions, gifts, grants paid | $1,752,704 |
| Total expenses and disbursements | $2,080,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,569,842 |
| Savings and temporary cash investments | $0 |
| 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 | $634,223 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $355,343 |
| Total assets | $37,080,321 |
| 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, Mccune Family Foundation has awarded $1,752,704 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
MOTE MARINE LABORATORY PURPOSE: GENERAL | $75,000 |
FLORIDA SHERIFFS YOUTH RANCHES INC PURPOSE: THE COST OF ROOF | $243,104 |
WOODSHOLE OCEANOGRAPHIC PURPOSE: GENERAL | $25,000 |
CREATE YOUR DREAMS INC PURPOSE: GENERAL | $100,000 |
CHILD PROTECTION CENTER INC PURPOSE: GENERAL | $90,000 |
MANATEE YOUTH FOR CHRIST PURPOSE: GENERAL | $60,000 |