Magellan Cares Foundation Inc
- Assets
- $6.1k
- Revenue
- $415.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Maryland Heights, MO
- Founding
- 12/2014
- Data as of
- 12/2022
- EIN
- 46-0730555
Organization Overview
Magellan Cares Foundation Inc is located in Maryland Heights, MO. The organization was established in 2014. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magellan Cares Foundation Inc 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, Magellan Cares Foundation Inc generated $415.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $410.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Magellan Cares Foundation Inc has awarded 216 individual grants totaling $1,484,565. 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
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Camille N Guillot Assistant Treasurer | 0 | $0 | |
Tony Frost VP Treasurer | 0 | $0 | |
Erika Rose VP Secretary | 0 | $0 | |
Derrick Duke CEO | 0 | $0 | |
Michael P Mcquillen Director | 0 | $0 | |
Don Nelson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $415,372 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $415,372 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,058 |
| Contributions, gifts, grants paid | $407,115 |
| Total expenses and disbursements | $410,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,109 |
| 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 | $6,109 |
| 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, Magellan Cares Foundation Inc has awarded $407,115 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
AID ATLANTA PURPOSE: COMMUNITY ASSISTANCE | $2,500 |
AIDS COUNCIL OF NE NY INC PURPOSE: COMMUNASSIST FOR AIDS VICTIMS | $5,000 |
AMERICAN FOUNDATION FOR SUICIDE PURPOSE: SUICIDE PREVENTIONSUPPORT FAM | $5,000 |
AIDS UNITED PURPOSE: COMMUNITY ASSIST | $20,000 |
AIDS HEALTHCARE FOUNDATION PURPOSE: COMMUNITY ASSIST | $5,000 |
AMERICAN HEART ASSN PURPOSE: HEART HEALTH SUPPORT | $5,000 |