Mcfadden Foundation Inc
- Assets
- $27.5m
- Revenue
- $2.3m
- Investments
- $22.4m
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 08/2011
- Data as of
- 12/2021
- EIN
- 27-0601149
Organization Overview
Mcfadden Foundation Inc is located in Tallahassee, FL. The organization was established in 2011. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Mcfadden 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, Mcfadden Foundation Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $721.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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 |
|---|---|---|---|
Raymond Wilson Trustee | 40 | $67,176 | |
Angela Hagen Chair/president/vp/secreta | 40 | $47,979 | |
Sherryl Lapping Trustee | 40 | $44,781 | |
Glenn A Kirbo Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wjj Brands Llc | 12/30/21 | $73,105 |
Straughn Trout Architects Llc | 12/30/21 | $61,910 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $692,219 |
| Net Rental Income | $48,135 |
| Net Gain on Sale of Assets | $1,498,411 |
| Capital Gain Net Income | $1,498,411 |
| Net ST Capital Gain | $315,405 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,538 |
| Total Revenue | $2,256,303 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $159,936 |
| Other employee salaries and wages | $53,177 |
| Pension plans, employee benefits | $48,891 |
| Interest | $15 |
| Taxes | $35,150 |
| Depreciation | $17,744 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $18,229 |
| Printing and publications | $0 |
| Other expenses | $105,617 |
| Total operating and administrative expenses | $702,047 |
| Contributions, gifts, grants paid | $19,263 |
| Total expenses and disbursements | $721,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $755,017 |
| 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 | $175,728 |
| Net Land, buildings, and equipment | $4,180,456 |
| Other assets | $173,547 |
| Total assets | $27,481,005 |
| Accounts payable and accrued expenses | $15,719 |
| 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 | $15,719 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rawlings Foundation Inc Palm Beach, FL | $157,491,316 | $53,710,829 |
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Elevate Prize Foundation Inc Miami, FL | $25,599,159 | $21,836,715 |
Desai Sethi Foundation Inc miami, FL | $167,397,052 | $1,318,684 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Malone Family Land Preservation Foundation Hobe Sound, FL | $131,481,954 | $946,463 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |
Bangladesh American Society Of Muslim Aid For Humanity Inc Boca Raton, FL | $701,948 | $2,077,483 |
Elling O Eide Charitable Foundation Inc Sarasota, FL | $66,382,103 | $1,556,208 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |