Mcgrath-Spellman Family Foundation
- Assets
- $0.0
- Revenue
- $149.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Sanibel, FL
- Founding
- 10/2009
- Data as of
- 12/2020
- EIN
- 27-0891942
Organization Overview
Mcgrath-Spellman Family Foundation is located in Sanibel, FL. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mcgrath-Spellman 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 12/2020, Mcgrath-Spellman Family Foundation generated $149.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $296.1k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (12.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mcgrath-Spellman Family Foundation has awarded 59 individual grants totaling $465,899. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $775 |
| Profit on Inventory Sales | $0 |
| Other Income | $119,076 |
| Total Revenue | $148,971 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $11,859 |
| Contributions, gifts, grants paid | $284,199 |
| Total expenses and disbursements | $296,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,359,183 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mcgrath-Spellman Family Foundation has awarded $181,700 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: PHILANTHROPIC | $50,000 |
MARY'S HOME PURPOSE: PHILANTRHOPIC | $25,000 |
Notre Dame, IN PURPOSE: PHILANTHROPIC | $17,500 |
YMCA OF CLEVELAND PURPOSE: PHILANTHROPIC | $16,000 |
SISTERS OF CHARITY OF SETON HILL PURPOSE: PHILANTHROPIC | $15,000 |
Shaker Hts, OH PURPOSE: PHILANTHROPIC | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |