Mccain Institute Foundation
- Assets
- $4.4m
- Revenue
- $653.7k
- Investments
- $4.1m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 45-4556648
Organization Overview
Mccain Institute Foundation is located in Phoenix, AZ. The organization was established in 2014. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccain Institute 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, Mccain Institute Foundation generated $653.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 25.1% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION INCURRED DIRECT EXPENSES WHILE PROVIDING TECHNICAL ASSISTANCE AND IN-KIND SUPPORT FOR ARIZONA STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trevor Potter Trustee | 1 | $0 | |
Rick Davis Trustee/chairman | 1 | $0 | |
Eric Gribetz Trustee/cfo | 1 | $0 | |
Philip Handy Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crossroads Strategies | 12/30/21 | $240,000 |
Hiltzik Strategies | 12/30/21 | $180,000 |
Pallas Advisors Llc | 12/30/21 | $140,000 |
The Trailblazer Group | 12/30/21 | $135,000 |
The Eudy Company | 12/30/21 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,157 |
| Interest on Savings | $0 |
| Dividends & Interest | $116,678 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $524,847 |
| Capital Gain Net Income | $524,847 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $653,682 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $99 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,383 |
| Total operating and administrative expenses | $993,006 |
| Contributions, gifts, grants paid | $1,025,000 |
| Total expenses and disbursements | $2,018,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,967 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,365,062 |
| 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, Mccain Institute Foundation has awarded $1,025,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASU FOUNDATION FOR A NEW AMERICAN UNIVERSITY PURPOSE: FUNDING FOR THE MCCAIN INSTITUTE FOR INTERNATIONAL LEADERSHIP | $1,000,000 |
New York, NY PURPOSE: TO IMPROVE THE RELATIONSHIP OF ETHNIC GROUPS AND FAITH COMMUNITIES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Provenance Duarte, CA | $16,793,106 | $20,000,682 |
Spark Sf Public Schools San Francisco, CA | $15,254,604 | $27,199,561 |
Great Public Schools Now Los Angeles, CA | $20,013,399 | $15,067,311 |
Institute For Supply Management Inc Tempe, AZ | $18,812,365 | $12,909,076 |
Gladstone Foundation San Francisco, CA | $27,923,141 | $22,078,581 |
George Lucas Educational Foundation San Rafael, CA | $6,425,809 | $14,665,129 |
Nmc Inc Los Alamos, NM | $8,318,653 | $11,151,295 |
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |
Davidson Institute For Talent Development Incline Village, NV | $2,040,449 | $8,109,259 |
Pueblo Nuevo Education And Development Group Los Angeles, CA | $12,032,883 | $8,677,303 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |
Silicon Schools Fund Inc Oakland, CA | $28,590,142 | $9,890,035 |