Evelyn V Mcpherson Foundation Inc
- Assets
- $5.3m
- Revenue
- $59.9k
- Investments
- $5.3m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 03/2014
- Data as of
- 12/2023
- EIN
- 41-2061167
Organization Overview
Evelyn V Mcpherson Foundation Inc is located in Palm Beach, FL. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Evelyn V Mcpherson Foundation Inc 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, Evelyn V Mcpherson Foundation Inc generated $59.9k 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 (21.5%) each year. All expenses for the organization totaled $234.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Evelyn V Mcpherson Foundation Inc has awarded 166 individual grants totaling $1,839,077. 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 |
|---|---|---|---|
John J Raymond President | 5 | $0 | |
R Keith Walton Treasurer | 1 | $0 | |
Connie Mckenzie Secretary | 1 | $0 | |
Beverlee Miller Raymond Director | 1 | $0 | |
Brenda Mcadams Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,640 |
| Interest on Savings | $0 |
| Dividends & Interest | $181,061 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$146,304 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,547 |
| Total Revenue | $59,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $40,708 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $515 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $252 |
| Total operating and administrative expenses | $158,926 |
| Contributions, gifts, grants paid | $75,646 |
| Total expenses and disbursements | $234,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,885 |
| Savings and temporary cash investments | $32,820 |
| 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 | $6,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $3,101,817 |
| Investments—other | $256,442 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,338,788 |
| 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 | $647,010 |
| Total liabilities | $647,010 |
Grants Awarded
Over the last fiscal year, Evelyn V Mcpherson Foundation Inc has awarded $75,646 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
PALM BEACH COUNTY BAR ASSOCIATION PURPOSE: UNRESTRICTED DONATIONS | $1,000 |
CHAMBER OF MUSIC SOCIETY OF PALM BEACH PURPOSE: UNRESTRICTED DONATIONS | $25,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: UNRESTRICTED DONATIONS | $500 |
LINVILLE CENTRAL RESCUE SQUAD PURPOSE: UNRESTRICTED DONATIONS | $100 |
EXTRAORDRINARY CHARITIES PURPOSE: UNRESTRICTED DONATIONS | $4,546 |
PEDIATRIC ONCOLOGY SUPPORT TEAM PURPOSE: UNRESTRICTED DONATIONS | $2,500 |