Macbea Foundation
- Assets
- $19.3m
- Revenue
- $788.7k
- Investments
- $18.2m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 12/2010
- Data as of
- 12/2022
- EIN
- 27-3409621
Organization Overview
Macbea Foundation is located in Columbus, OH. 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. Macbea 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, Macbea Foundation generated $788.7k 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 (3.6%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Macbea Foundation has awarded 229 individual grants totaling $8,875,013. 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 |
|---|---|---|---|
George M Hoffman President | 0.1 | $0 | |
Robert M Hetterscheidt Director | 0.1 | $0 | |
Mark E Vannatta Secr/treas | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $510,421 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $278,296 |
| Capital Gain Net Income | $278,296 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $788,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,114 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $190,352 |
| Contributions, gifts, grants paid | $2,022,500 |
| Total expenses and disbursements | $2,212,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,072,638 |
| 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 | $13,555,683 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,286,530 |
| 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, Macbea Foundation has awarded $2,022,500 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: SERVICE TO THE ARMED FORCES | $23,000 |
4C FOR CHILDREN INC PURPOSE: EARLY EDUCATION SUPPORT | $15,000 |
BIG WALNUT FRIENDS WHO SHARE PURPOSE: CRISIS SUPPORT | $8,000 |
BOYS & GIRLS CLUB OF CENTRAL OHIO PURPOSE: FORMULA FOR IMPACT CURRICULUM | $30,000 |
CHARITY NEWSIES PURPOSE: COTHE-A-CHILD PROGRAM | $10,000 |
COLUMBUS FOUNDATION PURPOSE: BEAMAC FUND | $700,000 |