Mahan Foundation Inc

Organization Overview

Mahan Foundation Inc is located in Lagrange, KY. The organization was established in 1984. 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. Mahan Foundation Inc 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, Mahan Foundation Inc generated $286.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $270.9k during the year ending 12/2022. While expenses have increased by 6.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Mahan Foundation Inc has awarded 101 individual grants totaling $750,000. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTION OF FUNDS TO LOCAL CHARITIES AND CHURCHES TO FUND VARIOUS COMMUNITY ACTIVITIES WHICH WILL BENEFIT INDIVIDUALS IN JEFFERSON AND OLDHAM COUNTIES IN KENTUCKY. OVER 30 ENTITIES WERE FUNDED IN 2021.


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Board, Officers & Key Employees

Name (title)Compensation
George R Simpson
President
$0
William L Landes
Vice President
$0
Timothy R Moore
Sec Treas
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $36
Dividends & Interest $126,297
Net Rental Income$0
Net Gain on Sale of Assets $160,096
Capital Gain Net Income $160,096
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $286,429

Grants Awarded

Over the last fiscal year, Mahan Foundation Inc has awarded $265,000 in support to 33 organizations.

Grant RecipientAmount

BIG BROTHERS AND BIG SISTERS

PURPOSE: ASSIST WITH ORGANIZATION CAUSE

$1,000

CABBAGE PATCH SETTLEMENT HOUSE

PURPOSE: ASSIST WITH ORGANIZATION CAUSE

$3,000

CASA

PURPOSE: ASSIST WITH ORGANIZATION CAUSE

$3,000

CEDAR LAKE FOUNDATION

PURPOSE: ASSIST WITH ORGANIZATION CAUSE

$10,000

CHRISTIAN CARE COMMUNITIES

PURPOSE: ASSIST WITH ORGANIZATION CAUSE

$7,000

COMMUNITY CHEST OF OLDHAM COUNTY

PURPOSE: ASSIST WITH ORGANIZATION CAUSE

$50,000
View Grant Profile

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