Mcclure Charitable Foundation Of 2007
- Assets
- $1.2m
- Revenue
- $59.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 12/2008
- Data as of
- 12/2023
- 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 12/2023, Mcclure Charitable Foundation Of 2007 generated $59.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $86.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mcclure Charitable Foundation Of 2007 has awarded 68 individual grants totaling $515,000. 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
2023
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 | $8,514 | |
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 | $39,448 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,163 |
| Capital Gain Net Income | $20,163 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $241 |
| Total Revenue | $59,852 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,514 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $452 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,040 |
| Contributions, gifts, grants paid | $69,000 |
| Total expenses and disbursements | $86,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,554 |
| 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 | $53,963 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,232,190 |
| 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 $69,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DOCTORS WITHOUT BORDERS USA INC PURPOSE: DAILY OPERATIONAL SUPPORT | $5,500 |
SAN ANTONIO METROPOLITAN MINISTRIES PURPOSE: DAILY OPERATIONAL SUPPORT | $20,000 |
HEALY MURPHY CENTER PURPOSE: DAILY OPERATIONAL SUPPORT | $5,000 |
FRIENDS OF CHRISTUS SANTA ROAS FOUNATION PURPOSE: DAILY OPERATIONAL SUPPORT | $5,000 |
ACTS MISSIONS PURPOSE: DAILY OPERATIONAL SUPPORT | $20,000 |
CANDLELIGHT RANCH FOUNDATION PURPOSE: DAILY OPERATIONAL SUPPORT | $5,000 |