Mclaughlin Family Foundation
- Assets
- $2.2m
- Revenue
- $57.8k
- Investments
- $1.9m
- Employees
- 0
- Location
- Moline, IL
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 36-4158320
Organization Overview
Mclaughlin Family Foundation is located in Moline, IL. The organization was established in 1997. 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. Mclaughlin 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, Mclaughlin Family Foundation generated $57.8k 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 (10.0%) each year. All expenses for the organization totaled $109.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mclaughlin Family Foundation has awarded 122 individual grants totaling $1,330,392. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter J Mclaughlin Trustee | 1 | $0 | |
Thomas L Mclaughlin Trustee | 1 | $0 | |
John R Mcclean Trustee | 1 | $0 | |
James T Mclaughlin Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,367 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,411 |
| Capital Gain Net Income | $8,411 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,778 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $18,244 |
| Contributions, gifts, grants paid | $91,500 |
| Total expenses and disbursements | $109,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $321,510 |
| 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 | $1,923,048 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,244,558 |
| 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, Mclaughlin Family Foundation has awarded $91,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION OF THE HUMILITY OF MARY PURPOSE: GENERAL FUND | $1,000 |
GIGI'S PLAYHOUSE OF THE QUAD CITIES PURPOSE: GENERAL FUND | $1,000 |
EVERY CHILD PURPOSE: GENERAL FUND | $2,500 |
QUAD CITIES CHAMBER FOUNDATION - ILLINOIS PURPOSE: GROW QUAD CITIES FUND - ILLINOIS | $5,000 |
QUAD CITY SYMPHONY ORCHESTRA PURPOSE: GENERAL FUND | $12,500 |
QUAD CITIES COMMUNITY FOUNDATION PURPOSE: FRIENDS OF THE FOUNDATION ENDOWMENT | $2,500 |