Andrew Mcdonough B Positive Foundation
- Assets
- $5.4m
- Revenue
- $8.4m
- Investments
- $100.0k
- Employees
- 11
- Location
- Wilmington, DE
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 42-1741037
Organization Overview
Andrew Mcdonough B Positive Foundation is located in Wilmington, DE. The organization was established in 2008. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2022, Andrew Mcdonough B Positive Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Andrew Mcdonough B Positive 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, Andrew Mcdonough B Positive Foundation generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $8.0m during the year ending 12/2022. While expenses have increased by 18.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Andrew Mcdonough B Positive Foundation has awarded 215 individual grants totaling $13,547,108. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ANDREW MCDONOUGH B+ FOUNDATION IS TO FIGHT CHILDHOOD CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY ASSISTANCE- PROVIDES FINANCIAL ASSISTANCE AND EMOTIONAL SUPPORT TO FAMILIES WITH CHILDREN BATTLING CANCER. THE B+ FOUNDATION IS ONE OF THE LARGEST PROVIDERS OF FINANCIAL ASSISTANCE TO FAMILIES OF KIDS WITH CANCER, HAVING HELPED 3,500 FAMILIES FROM OVER 200 HOSPITALS NATIONWIDE.
FAMILY ASSISTANCE- PROVIDES FINANCIAL ASSISTANCE AND EMOTIONAL SUPPORT TO FAMILIES WITH CHILDREN BATTLING CANCER. THE B+ FOUNDATION IS ONE OF THE LARGEST PROVIDERS OF FINANCIAL ASSISTANCE TO FAMILIES OF KIDS WITH CANCER, HAVING HELPED 3,500 FAMILIES FROM OVER 200 HOSPITALS NATIONWIDE.
RESEARCH- PROVIDES FUNDING FOR CUTTING-EDGE PEDIATRIC CANCER RESEARCH STRIVING FOR CURES AND/OR ENHANCED TREATMENT PROTOCOLS.
RESEARCH- PROVIDES FUNDING FOR CUTTING-EDGE PEDIATRIC CANCER RESEARCH STRIVING FOR CURES AND/OR ENHANCED TREATMENT PROTOCOLS.
AWARENESS & ADVOCACY- TO INCREASE SUPPORT AND AWARENESS OF CHILDHOOD CANCER; TO SPREAD THE "B+" MESSAGE AND INSPIRE OTHERS.
AWARENESS & ADVOCACY- TO INCREASE SUPPORT AND AWARENESS OF CHILDHOOD CANCER; TO SPREAD THE "B+" MESSAGE AND INSPIRE OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Mcdonough President | OfficerTrustee | 60 | $165,525 |
Dr Dash Dhanak Director | Trustee | 1 | $0 |
Sherrie Caldwell Director | Trustee | 1 | $0 |
Christine Mcdonough Director | OfficerTrustee | 5 | $0 |
Tom O'donnell Treasurer | OfficerTrustee | 1 | $0 |
Nina Tiller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,561,224 |
| Noncash contributions included in lines 1a–1f | $33,666 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,561,224 |
| Total Program Service Revenue | $0 |
| Investment income | $88,145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,965 |
| Net Income from Fundraising Events | $5,775,563 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$10,063 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,390,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,007,208 |
| Grants and other assistance to domestic individuals. | $4,939,603 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $165,525 |
| Compensation of current officers, directors, key employees. | $33,105 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $461,823 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,997 |
| Payroll taxes | $46,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,603 |
| Fees for services: Accounting | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,684 |
| Fees for services: Other | $66,315 |
| Advertising and promotion | $0 |
| Office expenses | $28,081 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,552 |
| Travel | $41,542 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,787 |
| Insurance | $489 |
| All other expenses | $0 |
| Total functional expenses | $7,985,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,484,993 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,875 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,894 |
| Investments—publicly traded securities | $2,723,432 |
| Investments—other securities | $100,000 |
| Investments—program-related | $0 |
| Intangible assets | $9,863 |
| Other assets | $60,909 |
| Total assets | $5,396,966 |
| Accounts payable and accrued expenses | $2,417 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,417 |
| Net assets without donor restrictions | $5,234,578 |
| Net assets with donor restrictions | $159,971 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,396,966 |
Grants Awarded
Over the last fiscal year, Andrew Mcdonough B Positive Foundation has awarded $4,013,922 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS HOSPITAL OF PITTSBURGH PURPOSE: PEDIATRIC CANCER RESEARCH | $75,000 |
DANA-FARBER CANCER INSTITUTE PURPOSE: PEDIATRIC CANCER RESEARCH | $20,000 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: PEDIATRIC CANCER RESEARCH | $75,000 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: PEDIATRIC CANCER RESEARCH | $75,000 |
CHILDRENS RESEARCH INSTITUTE PURPOSE: PEDIATRIC CANCER RESEARCH | $75,000 |
CHILDRENS HOSPITAL OF PHILADELPHIA PURPOSE: PEDIATRIC CANCER RESEARCH | $10,000 |