Richard F Mcnamara Family Foundation
- Assets
- $2.7m
- Revenue
- $844.5k
- Investments
- $2.5m
- Employees
- 0
- Location
- Edina, MN
- Founding
- 02/1994
- Data as of
- 12/2021
- EIN
- 41-1725127
Organization Overview
Richard F Mcnamara Family Foundation is located in Edina, MN. The organization was established in 1994. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Richard F Mcnamara 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 12/2021, Richard F Mcnamara Family Foundation generated $844.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.1% each year . All expenses for the organization totaled $108.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Richard F Mcnamara Family Foundation has awarded 35 individual grants totaling $587,857. 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 |
|---|---|---|---|
Emily Mcnamara Co-Trustee | 0 | $20,000 | |
Sharon Dalmasso Co-Trustee | 0 | $0 | |
Chris Hawley Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,002 |
| Dividends & Interest | $52,786 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $790,710 |
| Capital Gain Net Income | $790,710 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $844,498 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| 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 | $16,175 |
| Total operating and administrative expenses | $39,850 |
| Contributions, gifts, grants paid | $68,140 |
| Total expenses and disbursements | $107,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,159 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $368 |
| 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 | $2,023 |
| Total assets | $2,699,368 |
| 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, Richard F Mcnamara Family Foundation has awarded $68,140 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PLANNED PARENTHOOD MN ACTION FUND PURPOSE: NONPARTISAN EDUCATION | $25,000 |
ALZHEIMERS ASSN PURPOSE: GENERAL PURPOSES | $20,000 |
PLANNED PARENTHOOD PURPOSE: GENERAL PURPOSES | $10,000 |
WALLIN EDUCATION PARTNERS PURPOSE: GENERAL PURPOSES | $5,750 |
U OF MN ATHLETICS DEPARTMENT PURPOSE: GENERAL PURPOSES | $4,390 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL PURPOSES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI | $57,056,595 | $64,052,238 |
Greater Twin Cities United Way Minneapolis, MN | $131,397,199 | $56,166,906 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
United Way Of Central Iowa Des Moines, IA | $37,480,917 | $26,442,012 |
Minneapolis Jewish Federation Minneapolis, MN | $195,630,681 | $22,381,825 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Dane County Inc Madison, WI | $25,467,311 | $22,528,941 |
Marquardt Home And Community Based Services Inc Watertown, WI | $9,140,172 | $14,598,397 |
Best Buy Foundation Richfield, MN | $56,998,788 | $22,106,255 |
United Way Fox Cities Inc Menasha, WI | $16,186,120 | $10,302,524 |
Sioux Empire United Way Inc Sioux Falls, SD | $14,046,411 | $8,857,048 |
New Harmony Care Center Inc Edina, MN | $17,674,874 | $11,846,414 |