Mcelligott Family Foundation
- Assets
- $1.1m
- Revenue
- $46.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- Broussard, LA
- Founding
- 07/2010
- Data as of
- 12/2023
- EIN
- 27-1847417
Organization Overview
Mcelligott Family Foundation is located in Broussard, LA. The organization was established in 2010. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Mcelligott 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 12/2023, Mcelligott Family Foundation generated $46.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $217.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mcelligott Family Foundation has awarded 71 individual grants totaling $794,400. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John E Mcelligott Jr Vice President | 1 | $0 | |
Richard Mcelligott President | 1 | $0 | |
William H Mcelligott Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,555 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,226 |
| Capital Gain Net Income | $21,226 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,781 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $91 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,028 |
| Total operating and administrative expenses | $11,249 |
| Contributions, gifts, grants paid | $206,400 |
| Total expenses and disbursements | $217,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,571 |
| 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 | $1,105,053 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,107,624 |
| 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, Mcelligott Family Foundation has awarded $206,400 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB PURPOSE: CONTRIBUTE TO PROMOTE EMPOWERING YOUTH TO EXCEL IN THE COMMUNITY | $5,000 |
CATHOLIC CHARITIES OF ACADIANA PURPOSE: CONTRIBUTE TO CHURCH PROJECT FUNDS | $5,000 |
CROSS CATHOLIC OUTREACH PURPOSE: MATHEBONITE KOBONAL SCHOOL EXPANISON & KOBONAL HOUSING | $9,400 |
EWTN PURPOSE: CATHOLIC NEWS CHANNEL | $5,000 |
HABITAT FOR HUMANITY PURPOSE: BUILD HOMES FOR THE POOR | $2,500 |
SAINT PATRICK'S CHURCH PURPOSE: CONTRIBUTE TO THE CHURCH PROJECT FUNDS | $5,000 |