Mcleod Family Foundation Inc
- Assets
- $0.0
- Revenue
- $4.4m
- Investments
- $1.8m
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 12/2009
- Data as of
- 12/2021
- EIN
- 27-0365906
Organization Overview
Mcleod Family Foundation Inc is located in Roanoke, VA. The organization was established in 2009. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Mcleod Family Foundation Inc 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, Mcleod Family Foundation Inc generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 12.1% per year over the past 3 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 2020, Mcleod Family Foundation Inc has awarded 41 individual grants totaling $160,893. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE ACADEMY IS A PRIVATE SCHOOL FOCUSED ON BREAKING THE CYCLE OF POVERTY THROUGH A MULTIGENERATIONAL APPROACH OF SUPPORTING THE WHOLE FAMILY, IN ADDITION TO PROVIDING A QUALITY EDUCATION TO THE CHILDREN. THE FIRST COHORT AND THE GRADUATING CLASS OF 2031 STARTED IN AUGUST OF 2018. WE BELIEVE THE ACADEMY IS UNIQUE BECAUSE OF ITS FOCUS ON THE FAMILY AND THE RESOURCES PROVIDED TO HELP OVERCOME THE BARRIERS AND BREAK THE CYCLE OF GENERATIONAL POVERTY. THE SCHOOL MODELS A TRADITIONAL ACADEMIC CURRICULUM FOR THE STUDENTS AND SUPPORTS THE FAMILY THROUGH LIFE SKILLS CLASSES ASSESSMENTS, TRAINING, VOCATIONAL OPPORTUNITIES AND JOB AND HOUSING RESOURCES. THE FAMILIES OF THE ACADEMY WILL HAVE RESOURCES MADE AVAILABLE THROUGH MANY COMMUNITY PARTNERSHIPS. WE BELIEVE SUPPORTING THE FAMILY WITH CHILDCARE BENEFITS, A SAFE HOUSING ENVIROMENT, FINANCIAL LITERACY, AND STRONG ACADEMIC EXPERIENCES THEY WILL BE SUCCESSFUL AT SUSTAINING A LIVIABLE WAGE AND LIFESTYLE.
THE MCLEOD FAMILY FOUNDATION OPENED OPERATES TWO NONPROFIT CHILDCARE CENTERS IN ROANOKE, VIRGINIA. WE PROVIDE YOUNG CHILDREN WITH A QUALITY EARLY CHILDHOOD EDCUATION WHILE OFFERING FAMILIES THE SECURITY OF KNOWING THEY ARE RECEIVING EXEPTIONAL CARE. HONEYTREE, LLC SERVES CHILDREN BETWEEN THE AGES OF 6 WEEKS AND 12 YEARS OLD. THE CENTERS PROVIDE CONVENIENT DAILY HOURS FOR WORKING PARENTS. WE TAKE THE SAFETY OF OUR STUDENTS VERY SERIOUSLY. OUR CENTERS FEATURE CODED FRONT DOORS, FINGERPRINT CHECK-IN, CERTIFIED CPR/FIRST AID TEACHERS AND CONTINUOUS EDUCATION IN SAFETY TRAINING. WE ARE INVESTED IN QUALITY PROGRAMMING AND COMMITTED TO EMPLOYING EARLY CHILDHOOD PROFESSINALS WHO WORK TOGETHER TO ENSURE THE HIGHEST STANDARDS IN THE CHILDCARE INDUSTRY.
FINANCIAL EDUCATION PROGRAM: THE FOUNDATION PROVIDES A FINANCIAL EDUCATION PROGRAM DESIGNED TO HELP INDIVIDUALS UNDERSTAND HOW TO MANAGE PERSONAL FINANCES. PERSONAL FINANCE EDUCATION IS KEY TO IMPROVING THE FINANCIAL STABILITY OF OUR COMMUNITY AND HELP THOSE LIVING IN POVERTY ACQUIRE THE SKILLS TO OVERCOME THEIR SITUATION. THE NINE WEEK COURSE IS OFFERED SEVERAL TIMES A YEAR AND IMPACTS OVER 100 FAMILIES PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John G Mcleod Director | 4 | $0 | |
Katherine L Mcleod Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,649,254 |
| Interest on Savings | $9,732 |
| Dividends & Interest | $72,086 |
| Profit on Inventory Sales | $410,172 |
| Other Income | $6,947 |
| Total Revenue | $4,439,452 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $10,159 |
| Depreciation | $595,446 |
| Occupancy | $85,400 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $3,335,416 |
| Contributions, gifts, grants paid | $51,000 |
| Total expenses and disbursements | $3,386,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,004 |
| Investments—mortgage loans | $0 |
| Investments—other | $791,990 |
| Other assets | $1,547,601 |
| Mortgages and other notes payable | $19,237,398 |
| Other liabilities | $2,776,271 |
Grants Awarded
Over the last fiscal year, Mcleod Family Foundation Inc has awarded $60,143 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
WILLIAM DENZEL PURPOSE: CHARITABLE CONTRIBUTION | $500 |
ROBER VAN GIESON PURPOSE: CHARITABLE CONTRIBUTION | $500 |
ADVANCEMENT FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
CENTER IN THE SQUARE PURPOSE: CHARITABLE CONTRIBUTION | $12,000 |
VBR SOCCER CLUB PURPOSE: CHARITABLE CONTRIBUTIONCHARITABLE CONTRIBUTION | $7,143 |
FAMILY PROMISE PURPOSE: CHARITABLE CONTRIBUTION | $30,000 |