Frances Mcglannan Foundation
- Assets
- $73.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 04/2011
- Data as of
- 12/2022
- EIN
- 27-3187374
Organization Overview
Frances Mcglannan Foundation is located in Miami, FL. The organization was established in 2011. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frances Mcglannan 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 12/2022, Frances Mcglannan Foundation generated $49.0k 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 (3.3%) each year. All expenses for the organization totaled $30.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE FRANCES MCGLANNAN FOUNDATION'S MISSION IS TO ASSIST FAMILIES OF ELEMENTARY AND MIDDLE SCHOOL STUDENTS CHALLENGED BY DYSLEXIA AND RELATED LANGUAGE LEARNING DIFFERENCES MEET TUITION COSTS OF A SPECIALIZED SCHOOL. DYSLEXIA IS A SPECIFIC LEARNING DISABILITY WHICH RESULTS IN DIFFICULTY READING, WRITING AND SPELLING. IT CAN BE VERY DIFFICULT FOR CHILDREN WITH DYSLEXIA TO SUCCEED ACADEMICALLY IN A CONVENTIONAL MAINSTREAM EDUCATIONAL ENVIRONMENT. SPECIALIZED SCHOOLS PROVIDE INTENSIVE EVIDENCE-BASED INSTRUCTION STRUCTURED TO PROVIDE THE NECESSARY EDUCATIONAL ENVIRONMENT THESE CHILDREN NEED. THROUGH THE HELP PROVIDED BY THE FOUNDATION, AT-RISK STUDENTS FROM LOW TO MODERATE INCOME FAMILIES ARE ABLE TO RECEIVE THE EARLY INTERVENTION PROVIDED BY A SPECIALIZED SCHOOL. THIS ENABLES THE CHILDREN TO LEARN TO READ SO THEY MAY REALIZE THEIR ACADEMIC POTENTIAL AND PERSONAL SUCCESS.AS A RESULT OF MANY DONORS, WE HAVE AWARDED $278,200 IN SCHOLARSHIPS TO STUDENTS IN MIAMI, FT. LAUDERDALE, BOCA RATON AND JACKSONVILLE, FL AND IN MASSACHUSETTS SINCE THE 2015-2016 SCHOOL YEAR. THROUGH STUDENT PROGRESS REPORTS, WE KNOW THAT ALL SCHOLARSHIP RECIPIENTS HAVE EXPERIENCED IMPRESSIVE OVERALL ACADEMIC GAINS INDICATING THAT THE SPECIALIZED INSTRUCTION THEY ARE RECEIVING IS ENABLING THEM TO REACH THEIR ACADEMIC POTENTIAL. PARENTS HAVE EXPRESSED THEIR APPRECIATION FOR THE LIFE CHANGING OPPORTUNITY THAT THE SCHOLARSHIPS HAVE PROVIDED TO THEIR CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia F Mcglannan President | 1 | $0 | |
Cindy E Rudin Vice President | 1 | $0 | |
Elizabeth B Whalen Secretary | 1 | $0 | |
Denise Bamonte Treasurer | 30 | $0 | |
Michael T Fay Director | 1 | $0 | |
Mitch Lazar Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,950 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,950 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,150 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,324 |
| Other expenses | $2,018 |
| Total expenses | $30,468 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,148 |
| Other assets | $0 |
| Total assets | $73,148 |
| Total liabilities | $0 |
| Net assets or fund balances | $73,148 |