Mccullough Family Foundation
- Assets
- $7.9m
- Revenue
- $1.6m
- Investments
- $7.2m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 43-1909746
Organization Overview
Mccullough Family Foundation is located in Kansas City, MO. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Mccullough 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, Mccullough Family Foundation generated $1.6m 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 (3.5%) each year. All expenses for the organization totaled $384.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mccullough Family Foundation has awarded 802 individual grants totaling $7,501,410. 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 |
|---|---|---|---|
Todd A Mccullough Director | 4 | $15,000 | |
Sharon E Mccullough Treas., Sec. | 4 | $15,000 | |
Thomas A Mccullough Pres. & Dir. | 4 | $15,000 | |
Kevin T Mccullough Director | 2 | $7,927 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $166,000 |
| Interest on Savings | $653 |
| Dividends & Interest | $172,405 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,306,173 |
| Capital Gain Net Income | $1,306,173 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $118 |
| Total Revenue | $1,645,349 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,927 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,128 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $134,384 |
| Contributions, gifts, grants paid | $249,750 |
| Total expenses and disbursements | $384,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,803 |
| Savings and temporary cash investments | $683,449 |
| 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 | $473,522 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,857,296 |
| 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, Mccullough Family Foundation has awarded $249,750 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHT FUTURES FUND PURPOSE: FINCL SUPPORT OF EDUC. FUND | $16,500 |
Kansas City, MO PURPOSE: FINCL SUPPORT OF CHARITABLE CENTER | $11,000 |
BMA FOUNDATION PURPOSE: FINCL SUPPORT OF PUBLIC CHARITY | $10,000 |
ST MICHAELS THE ARCHANGEL HIGH SCH PURPOSE: FINCL SUPPORT OF EDUCATIONAL ORG. | $10,000 |
IGNATIAN FARNAN SPIRTUALITY CENTER PURPOSE: SUPPORT OF RELIGIOUS/CHARITABLE ORG | $10,000 |
ST TERESA'S ACADEMY PURPOSE: FINCL SUPPORT OF EDUCATIONAL ORG. | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joyce Foundation Chicago, IL | $1,408,794,882 | $150,496,278 |
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Harold Hamm Foundation Oklahoma City, OK | $15,100,240 | $36,211,204 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Weitz Family Foundation Omaha, NE | $41,283,061 | $24,036,289 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |
Miller Family Foundation Inc Pittsburg, KS | $66,698,223 | $18,550,862 |