Mcclure Charitable Foundation Of 2007
- Assets
- $1.3m
- Revenue
- $206.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 12/2008
- Data as of
- 12/2021
- EIN
- 26-6141253
Organization Overview
Mcclure Charitable Foundation Of 2007 is located in Detroit, MI. The organization was established in 2008. According to its NTEE Classification (X19) the organization is classified as: Support N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcclure Charitable Foundation Of 2007 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 12/2021, Mcclure Charitable Foundation Of 2007 generated $206.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 45.5% each year . All expenses for the organization totaled $95.0k during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 5 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 2018, Mcclure Charitable Foundation Of 2007 has awarded 71 individual grants totaling $521,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Comerica Bank Trustee | 10 | $8,008 | |
Mr Kenneth A Mcclure Co-Trustee | 1 | $0 | |
Mrs Beverly Mcclure Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $51,112 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $150,417 |
| Capital Gain Net Income | $150,417 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,008 |
| Total Revenue | $206,537 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,008 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $753 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,986 |
| Contributions, gifts, grants paid | $77,000 |
| Total expenses and disbursements | $94,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,220 |
| 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 | $1,271,385 |
| 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, Mcclure Charitable Foundation Of 2007 has awarded $77,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
SAN ANTONIO METROPOLITAN MINISTRIES PURPOSE: DAILY OPERATIONAL SUPPORT | $20,000 |
San Antonio, TX PURPOSE: DAILY OPERATIONAL SUPPORT | $20,000 |
Coconut Creek, FL PURPOSE: DAILY OPERATIONAL SUPPORT | $5,000 |
San Antonio, TX PURPOSE: SUPPORT FOR DAILY OPERATION | $5,000 |
UNIVERSITY OF TEXAS HEALTH SCIENCE PURPOSE: SUPPORT FOR DAILY OPERATION | $5,000 |
San Antonio, TX PURPOSE: DAILY OPERATIONAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lenawee Christian Ministries Adrian, MI | $16,213,867 | $3,774,846 |
Christian Aid Ministries Foundation Berlin, OH | $25,604,202 | $11,173,099 |
Hillel The Foundation For Jewish Campus Life Madison, WI | $20,522,929 | $728,907 |
Harrison Center For The Arts Inc Indianapolis, IN | $3,906,495 | $1,400,316 |
Mission French Africa Ministries Grand Rapids, MI | $274,155 | $1,230,923 |
700 Prospect Corporation Cleveland, OH | $3,685,072 | $1,406,810 |
Healing Care Ministries West Salem, OH | $966,143 | $972,498 |
Middle East Reformed Fellowship Subsidiary Company Holland, MI | $1,413,597 | $535,552 |
Chaplains In Schools Inc Milwaukee, WI | $130,742 | $527,877 |
St Josaphat Basilica Foundation Inc Milwaukee, WI | $586,529 | $430,521 |
Be Still Inc Plainfield, WI | $259,032 | $296,933 |
Davids Well Incorporated Noblesville, IN | $192,816 | $347,815 |