Mcconnell Educational Foundation
- Assets
- $36.2m
- Revenue
- $1.4m
- Investments
- $28.6m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 10/1993
- Data as of
- 12/2021
- EIN
- 31-1365344
Organization Overview
Mcconnell Educational Foundation is located in Columbus, OH. The organization was established in 1993. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Mcconnell Educational 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 12/2021, Mcconnell Educational Foundation generated $1.4m 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 (4.6%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mcconnell Educational Foundation has awarded 189 individual grants totaling $12,088,880. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION MAKES GRANTS TO SCHOOL DISTRICTS TO HELP THEM AND THEIR STUDENTS ACHIEVE THEIR EDUCATIONAL GOALS.
FOUNDATION MAKES DONATIONS TO VARIOUS CHARITABLE ORGANIZATIONS FOR RESEARCH AND ADVANCEMENTS IN THE FIELD OF MEDICINE.
FOUNDATION MAKES DONATIONS TO VARIOUS CHARITABLE ORGANIZATIONS FOR RESEARCH AND ADVANCEMENTS IN COMMUNITY SUPPORTIVE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Mcconnell President And Trustee | 1 | $0 | |
Michael A Priest Vice Pres/treasurer And Tr | 1 | $0 | |
Daniel J Minor Trustee | 1 | $0 | |
Kimberly R Sievers Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,419,281 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,253 |
| Capital Gain Net Income | $6,253 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,425,534 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,106 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,079 |
| Total operating and administrative expenses | $32,185 |
| Contributions, gifts, grants paid | $1,972,375 |
| Total expenses and disbursements | $2,004,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,549,164 |
| Savings and temporary cash investments | $5,034,768 |
| 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 | $26,468,789 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $36,187,063 |
| 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, Mcconnell Educational Foundation has awarded $1,972,375 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
OHIOHEALTH FOUNDATION PURPOSE: RESEARCH AND ADVANCEMENTS IN THE FIELD OF MEDICINE | $1,250,000 |
THE COLUMBUS ZOO PURPOSE: RESEARCH AND ADVANCEMENTS IN COMMUNITY SUPPORTIVE SERVICES | $150,000 |
Columbus, OH PURPOSE: RESEARCH AND ADVANCEMENTS IN THE FIELD OF MEDICINE | $144,375 |
Columbus, OH PURPOSE: RESEARCH AND ADVANCEMENTS IN THE FIELD OF MEDICINE | $130,000 |
Columbus, OH PURPOSE: RESEARCH AND ADVANCEMENTS IN THE FIELD OF MEDICINE | $65,500 |
THE OHIO STATE UNIVERWSITY FOUNDATION PURPOSE: ENHANCE CONTINUING EDUCATION | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mcconnell Educational Foundation has recieved totaling $18,977.
| Awarding Organization | Amount |
|---|---|
Ohiohealth Corporation Grant Riverside Doctors Dublin Met Columbus, OH PURPOSE: Birdies for Buddies | $18,977 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |
Marshall University Foundation Incorporated Huntington, WV | $365,151,220 | $39,444,191 |
Friends Of Breakthrough Schools Cleveland, OH | $75,617,435 | $14,315,646 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Ers Strategic Properties Inc Rootstown, OH | $122,229,530 | $11,683,070 |
Employee Benefit Trust Of Northampton Co Area Community Coll Bethlehem, PA | $1,194,772 | $10,407,527 |