Mcgee Foundation
- Assets
- $11.0m
- Revenue
- $732.2k
- Investments
- $10.9m
- Employees
- 0
- Location
- Mission, KS
- Founding
- 06/1953
- Data as of
- 12/2022
- EIN
- 44-6006285
Organization Overview
Mcgee Foundation is located in Mission, KS. The organization was established in 1953. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mcgee 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, Mcgee Foundation generated $732.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $868.1k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 5 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 2020, Mcgee Foundation has awarded 82 individual grants totaling $2,303,143. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMARY OF DIRECT CHARITABLE ACTIVITIES TOTAL GRANTS PAID DURING THE YEAR EQUALED $800,350 AND WENT TO MANY DIFFERENT ORGANIZATIONS. TOTAL EXPENSES RELATED TO GRANTS AND PROGRAM RELATED INVESTMENTS TOTALED $37,389.79 THIS AMOUNT INCLUDES $10,986.23 IN PROFESSIONAL FEES, $26,596.60 IN CONTRACT ADMINISTRATION FEES, AND $106.96 IN MISCELLANEOUS EXPENSES. ALLOCATION BETWEEN INVESTMENT & CHARITABLE PURPOSE IS BASED ON THE APPROXIMATE TIME SPENT ON GRANTS & PROGRAM INVESTMENTS. IF NO ALLOCATION IS POSSIBLE, EXPENSES ARE SPLIT 15% TO INVESTMENTS AND 85% TO GRANT COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas R Mcgee Jr Vice President Of Development | 1 | $0 | |
Simon P Mcgee President | 1 | $0 | |
Virginia L Coppinger Director | 1 | $0 | |
Sheila M Lillis Secretary | 1 | $0 | |
B Joseph Duffy III Vice President & Treasurer | 1 | $0 | |
Clyde Wendel Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $329,138 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $403,110 |
| Capital Gain Net Income | $403,110 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $732,248 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,898 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,927 |
| Total operating and administrative expenses | $67,750 |
| Contributions, gifts, grants paid | $800,350 |
| Total expenses and disbursements | $868,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,687 |
| 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 | $3,420,464 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,981,358 |
| 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 | $177 |
| Total liabilities | $177 |
Grants Awarded
Over the last fiscal year, Mcgee Foundation has awarded $800,350 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: SCHOLARSHIPS | $50,000 |
MERCEDARIAN MISSIONARIES OF BERRIZ AKA OUR LADY OF MERCY COUNTRY HOME PURPOSE: PROGRAM SUPPORT | $50,000 |
NOTRE DAME DE SION SCHOOL PURPOSE: SCHOLARSHIPS | $50,000 |
Kansas City, MO PURPOSE: SCHOLARSHIPS | $50,000 |
Kansas City, MO PURPOSE: PROGRAM SUPPORT | $50,000 |
Kansas City, MO PURPOSE: PROGRAM SUPPORT | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mcgee Foundation has recieved totaling $26,701.
| Awarding Organization | Amount |
|---|---|
Guadalupe Center Inc Kansas City, MO PURPOSE: EMERGENCY ASSISTANCE | $26,701 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
Centene Charitable Foundation St Louis, MO | $259,102,242 | $5,821,965 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |