Richard F Mcnamara Family Foundation
- Assets
- $2.2m
- Revenue
- $49.6k
- Investments
- $2.1m
- Employees
- 0
- Location
- Edina, MN
- Founding
- 02/1994
- Data as of
- 12/2023
- 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 12/2023, Richard F Mcnamara Family Foundation generated $49.6k 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 (7.5%) each year. All expenses for the organization totaled $158.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Richard F Mcnamara Family Foundation has awarded 40 individual grants totaling $786,462. 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 | 10 | $21,000 | |
Sharon Dalmasso Co-Trustee | 0.5 | $0 | |
Chris Hawley Co-Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,201 |
| Dividends & Interest | $42,669 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,971 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $662 |
| Total Revenue | $49,561 |
| 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 | $1,806 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $41,132 |
| Contributions, gifts, grants paid | $117,295 |
| Total expenses and disbursements | $158,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,548 |
| Savings and temporary cash investments | $0 |
| 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 | $1,455,322 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,186,881 |
| 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 $117,295 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSN PURPOSE: GENERAL PURPOSES | $32,025 |
U OF MN ATHLETICS DEPARTMENT PURPOSE: GENERAL PURPOSES | $25,020 |
UNIVERSITY OF MINNESOTA FOUNDATION PURPOSE: GENERAL FUNDING | $35,000 |
PLANNED PARENTHOOD PURPOSE: GENERAL FUNDING | $25,000 |
SPECIAL OLYMPICS PURPOSE: GENERAL FUNDING | $250 |