Bernie Mac Foundation Inc
- Assets
- $40.9k
- Revenue
- $141.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Crown Point, IN
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 35-2265899
Organization Overview
Bernie Mac Foundation Inc is located in Crown Point, IN. The organization was established in 2007. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bernie Mac 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, Bernie Mac Foundation Inc generated $141.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $113.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 5 years. 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 |
|---|---|---|---|
Rhonda R Mccullough-Gilmore President & CEO | 2 | $0 | |
Dennis J Irvin Vice President | 1 | $0 | |
Edward A Williams Director | 1 | $0 | |
Antonio R Guillen Director | 1 | $0 | |
Douglas T Gaines Treasurer | 1 | $0 | |
Walter P Turner III Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $162,561 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$20,801 |
| Other Income | $0 |
| Total Revenue | $141,760 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $86,514 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,806 |
| Depreciation | $0 |
| Occupancy | $11,617 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,082 |
| Total operating and administrative expenses | $112,019 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $113,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,851 |
| 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 | $40,851 |
| 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 | $57,798 |
| Other liabilities | $416 |
| Total liabilities | $58,214 |
Grants Awarded
Over the last fiscal year, Bernie Mac Foundation Inc has awarded $610 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ORRINGTON INSTITUTE FOUNDATION PURPOSE: SUPPORT MISSION | $500 |
NEW SPIRITUAL LIGHT MB CHURCH PURPOSE: SUPPORT MISSION | $110 |