William H & Lois J Mcessy Foundation
- Assets
- $33.0m
- Revenue
- $3.0m
- Investments
- $31.3m
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 06/1996
- Data as of
- 12/2023
- EIN
- 36-4074862
Organization Overview
William H & Lois J Mcessy Foundation is located in Lake Forest, IL. The organization was established in 1996. 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. William H & Lois J Mcessy 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 12/2023, William H & Lois J Mcessy Foundation generated $3.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William H & Lois J Mcessy Foundation has awarded 168 individual grants totaling $5,060,254. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William H Mcessy Director | 0.2 | $0 | |
David Blowers Director | 0.2 | $0 | |
David A Lullo Director | 0.2 | $0 | |
Monsignor John F Canary Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,564,157 |
| Interest on Savings | $0 |
| Dividends & Interest | $411,703 |
| 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 | $0 |
| Other Income | $0 |
| Total Revenue | $2,975,860 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,229 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $101,625 |
| Contributions, gifts, grants paid | $991,000 |
| Total expenses and disbursements | $1,092,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,819 |
| Savings and temporary cash investments | $1,695,868 |
| 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 | $2,154,635 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,019,827 |
| 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, William H & Lois J Mcessy Foundation has awarded $991,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ALHEIZMER'S ASSOCIATION PURPOSE: GENERAL USE OF CHARITY | $5,000 |
CATHOLIC EXTENSION PURPOSE: GENERAL USE OF CHARITY | $400,000 |
INSTITUTE FOR PRIESTLY FORMATION PURPOSE: GENERAL USE OF CHARITY | $35,000 |
JOHN PAUL II NEWMAN CENTER PURPOSE: GENERAL USE OF CHARITY | $500 |
ST JOHN VIANNEY PURPOSE: GENERAL USE OF CHARITY | $200,000 |
ST PAUL CENTER FOR BIBLICAL THEOLOY PURPOSE: GENERAL USE OF CHARITY | $200,000 |