The Mccain Institute Foundation
- Assets
- $2.8m
- Revenue
- $373.8k
- Investments
- $2.6m
- Employees
- 0
- Location
- Peoria, AZ
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 45-4556648
Organization Overview
The Mccain Institute Foundation is located in Peoria, 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 12/2023, Mccain Institute Foundation generated $373.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION INCURRED DIRECT EXPENSES WHILE PROVIDING TECHNICAL ASSISTANCE RELATED TO PROGRAMMING FOR THE MCCAIN INSTITUTE AT ARIZONA STATE UNIVERSITY ("ASU") RELATED TO THE A NEW LIBRARY COMPLEX FOR THE UNIVERSITY. THE FOUNDATION ALSO PROVIDES IN-KIND SUPPORT FOR ASU.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Handy Decd 3724 Trustee | 1 | $0 | |
Trevor Potter Trustee | 1 | $0 | |
Rick Davis Trustee/chairman | 1 | $0 | |
Eric Gribetz Trustee/cfo | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crossroads Strategies | 12/30/23 | $202,091 |
The Eudy Company | 12/30/23 | $137,196 |
Caplin & Drysdale | 12/30/23 | $68,027 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $173,711 |
| Interest on Savings | $0 |
| Dividends & Interest | $94,337 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $91,210 |
| Capital Gain Net Income | $91,210 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,575 |
| Total Revenue | $373,833 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $114 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,283 |
| Total operating and administrative expenses | $540,659 |
| Contributions, gifts, grants paid | $500,000 |
| Total expenses and disbursements | $1,040,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,144 |
| 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 | $2,792,312 |
| 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, The 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 |
THE FOUNDATION FOR ETHNIC UNDERSTANDING PURPOSE: TO IMPROVE THE RELATIONSHIP OF ETHNIC GROUPS AND FAITH COMMUNITIES | $25,000 |