Mary I Mcleod Foundation
- Assets
- $201.0k
- Revenue
- $28.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Grosse Pointe, MI
- Founding
- 08/1998
- Data as of
- 12/2023
- EIN
- 38-3407098
Organization Overview
Mary I Mcleod Foundation is located in Grosse Pointe, MI. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary I Mcleod 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, Mary I Mcleod Foundation generated $28.2k 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 (10.1%) each year. All expenses for the organization totaled $297.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mary I Mcleod Foundation has awarded 143 individual grants totaling $464,479. 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 |
|---|---|---|---|
S Gary Spicer Sr President / Trustee | 0.5 | $19,000 | |
Leah Haffey Secretary / Trustee | 0.5 | $500 | |
John Mabley Treasurer / Trustee | 0.5 | $500 | |
Alan Trammell Director | 0.5 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $8,241 |
| 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 | $0 |
| Other Income | $0 |
| Total Revenue | $28,241 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,748 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $338 |
| Total operating and administrative expenses | $48,886 |
| Contributions, gifts, grants paid | $248,885 |
| Total expenses and disbursements | $297,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,188 |
| Savings and temporary cash investments | $184,831 |
| 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 | $201,019 |
| 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, Mary I Mcleod Foundation has awarded $248,885 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CLAN MACLEOD SOCIETY OF USA INC PURPOSE: GENERAL SUPPORT | $35 |
CAPUCHIN SOUP KITCHEN PURPOSE: GENERAL SUPPORT | $4,500 |
COMMUNITY FOUNDATION OF SE MICHIGAN PURPOSE: GENERAL SUPPORT | $1,000 |
DUNVEGAN FOUNDATION PURPOSE: GENERAL SUPPORT | $9,500 |
FORT STREET PRESBYTERIAN PURPOSE: GENERAL SUPPORT | $2,500 |
DETROIT SYMPHONY ORCHESTRA PURPOSE: GENERAL SUPPORT | $1,000 |