Mclelland Family Foundation
- Assets
- $14.4m
- Revenue
- $428.7k
- Investments
- $12.3m
- Employees
- 0
- Location
- Villanova, PA
- Founding
- 08/2010
- Data as of
- 12/2023
- EIN
- 27-2995394
Organization Overview
Mclelland Family Foundation is located in Villanova, PA. The organization was established in 2010. 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. Mclelland 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, Mclelland Family Foundation generated $428.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.5%) each year. All expenses for the organization totaled $794.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mclelland Family Foundation has awarded 158 individual grants totaling $8,675,951. 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 |
|---|---|---|---|
Michael B Mclelland President | 0 | $0 | |
Nancy Mclelland Secretary/treasurer | 0 | $0 | |
Laura Mclelland Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $143 |
| Dividends & Interest | $366,777 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $61,777 |
| Total Revenue | $428,697 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33 |
| Total operating and administrative expenses | $4,893 |
| Contributions, gifts, grants paid | $790,000 |
| Total expenses and disbursements | $794,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,791 |
| 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 | $11,816,845 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,060,399 |
| Total assets | $14,370,959 |
| 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, Mclelland Family Foundation has awarded $790,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF NASSAU COUNTY FOUNDATION PURPOSE: SUPPORT | $20,000 |
BOYS & GIRLS CLUB OF PHILA PURPOSE: SUPPORT | $20,000 |
COMMUNITY PARTNERSHIP SCHOOL PURPOSE: SUPPORT | $50,000 |
CHESTER COUNTY FOOD BANK PURPOSE: SUPPORT | $30,000 |
COMMUNITY VOLUNTEERS IN MEDICINE PURPOSE: SUPPORT | $325,000 |
FOODSHARE PURPOSE: SUPPORT | $10,000 |