Michael J And Vicki L Mcclelland Family Foundation
- Assets
- $320.5k
- Revenue
- $8.6k
- Investments
- $317.3k
- Employees
- 0
- Location
- Hilton Head, SC
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 35-2093969
Organization Overview
Michael J And Vicki L Mcclelland Family Foundation is located in Hilton Head, SC. The organization was established in 2002. 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. Michael J And Vicki L Mcclelland 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 12/2022, Michael J And Vicki L Mcclelland Family Foundation generated $8.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $28.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Mcclelland Trustee | 0 | $0 | |
Vicki L Mcclelland Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,909 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,036 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,573 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $396 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,208 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $28,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,142 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $320,490 |
| 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, Michael J And Vicki L Mcclelland Family Foundation has awarded $27,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH CAROLINA LIONS FOUNDATION PURPOSE: EXEMPT PURPOSE | $2,000 |
KOKOMO SCHOOLS EDUCATION FOUNDATION PURPOSE: EXEMPT PURPOSE | $3,500 |
COMMUNITY FOUNDATION OF HOWARD CO PURPOSE: EXEMPT PURPOSE | $1,750 |
DOVE HOUSE CHILDRENS ADVOCACY CTR PURPOSE: EXEMPT PURPOSE | $1,250 |
ST ANDREWS BY THE SEA UMC PURPOSE: EXEMPT PURPOSE | $1,000 |
WHEATLAND AVE METHODIST CHURCH PURPOSE: EXEMPT PURPOSE | $3,000 |