James & Madeleine Mcmullan Family Foundation
- Assets
- $21.4m
- Revenue
- $5.4m
- Investments
- $18.9m
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 08/1987
- Data as of
- 12/2022
- EIN
- 36-3506203
Organization Overview
James & Madeleine Mcmullan Family Foundation is located in Lake Forest, IL. The organization was established in 1987. 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. James & Madeleine Mcmullan 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, James & Madeleine Mcmullan Family Foundation generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 8 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 2015, James & Madeleine Mcmullan Family Foundation has awarded 284 individual grants totaling $9,883,247. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS FOR COLLEGE TUITION AND EXPENSES
OTHER CHARITABLE DONATIONS TO SEC. 501(C)(3) ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlette Mcmullan Trustee | 1 | $0 | |
Margaret Mcmullan Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,829,794 |
| Interest on Savings | $0 |
| Dividends & Interest | $315,497 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,270,407 |
| Capital Gain Net Income | $3,270,407 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,415,698 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59,820 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $138,507 |
| Total operating and administrative expenses | $208,793 |
| Contributions, gifts, grants paid | $1,385,000 |
| Total expenses and disbursements | $1,593,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,499,646 |
| 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 | $21,412,624 |
| 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, James & Madeleine Mcmullan Family Foundation has awarded $1,385,000 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO BOTANIC GARDEN PURPOSE: GENERAL SUPPORT | $100,000 |
KALEIGH BISHOP PURPOSE: COLLEGE TUITION AND EXPENSES | $5,000 |
UNITED MSD FOUNDATION PURPOSE: GENERAL SUPPORT | $50,000 |
ST PATRICK'S CHURCH PURPOSE: GENERAL SUPPORT | $5,000 |
JOHN D WEST PURPOSE: COLLEGE TUITION AND EXPENSES | $5,000 |
KAMARIA TURNER PURPOSE: COLLEGE TUITION AND EXPENSES | $5,000 |