Mack Foundation
- Assets
- $2.2m
- Revenue
- $50.0k
- Investments
- $2.1m
- Employees
- 0
- Location
- Bainbridge Island, WA
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-1580680
Organization Overview
Mack Foundation is located in Bainbridge Island, WA. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Mack 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, Mack Foundation generated $50.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (20.0%) each year. All expenses for the organization totaled $163.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mack Foundation has awarded 45 individual grants totaling $1,067,773. 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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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foster Law Group Pllc | 12/30/18 | $1,296 |
Us Trust | 12/30/18 | $6,809 |
Smith & Dekay Ps | 12/30/18 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $59,810 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,799 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,011 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,851 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,826 |
| Total operating and administrative expenses | $28,927 |
| Contributions, gifts, grants paid | $135,000 |
| Total expenses and disbursements | $163,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,899 |
| Savings and temporary cash investments | $80,156 |
| 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 | $2,192,440 |
| 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, Mack Foundation has awarded $135,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
RHF FOUNDATION PURPOSE: GENERAL SUPPORT | $25,000 |
MEMORIAL SLOAN KETTERING CANCER PURPOSE: GENERAL SUPPORT | $50,000 |
HELPLINE HOUSE PURPOSE: GENERAL SUPPORT | $25,000 |
NORWICH UNIVERSITY PURPOSE: GENERAL SUPPORT | $10,000 |
MUSIC CENTER OF THE NORTHWEST PURPOSE: GENERAL SUPPORT | $25,000 |