Gloria C Mackenzie Foundation Inc
- Assets
- $21.5m
- Revenue
- $24.7k
- Investments
- $20.6m
- Employees
- 0
- Location
- Miramar Beach, FL
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-3375435
Organization Overview
Gloria C Mackenzie Foundation Inc is located in Miramar Beach, FL. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gloria C Mackenzie 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 12/2023, Gloria C Mackenzie Foundation Inc generated $24.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (35.6%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gloria C Mackenzie Foundation Inc has awarded 153 individual grants totaling $11,544,806. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Weinberg Co-Executive Director | 4 | $100,000 | |
Matthew Weinberg Co-Executive Director | 4 | $107,500 | |
Melinda A Mackenzie Director | 3 | $30,000 | |
Jaimie A Weinberg Director | 8 | $30,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brant Abraham Reiter Mccormick & Johnson | 12/30/16 | $103,244 |
Madden Advisory Services Inc | 12/30/16 | $91,846 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $127,536 |
| Dividends & Interest | $631,843 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$743,721 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,996 |
| Total Revenue | $24,654 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $267,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,638 |
| Depreciation | $1,189 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $153,481 |
| Total operating and administrative expenses | $822,991 |
| Contributions, gifts, grants paid | $1,216,811 |
| Total expenses and disbursements | $2,039,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $869,347 |
| 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 | $2,757,773 |
| Net Land, buildings, and equipment | $9,004 |
| Other assets | $25,160 |
| Total assets | $21,468,522 |
| 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 | $9,000 |
| Total liabilities | $9,000 |
Grants Awarded
Over the last fiscal year, Gloria C Mackenzie Foundation Inc has awarded $1,216,811 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
EAST MILLINOCKET SCHOOL DEPARTMENT PURPOSE: CHARITABLE PURPOSES | $76,171 |
TOWN OF SHERMAN PURPOSE: CHARITABLE PURPOSES | $37,091 |
BROWNVILLE FIRE DEPT PURPOSE: CHARITABLE PURPOSES | $23,910 |
MILLINOCKET SCHOOL SYSTEM PURPOSE: CHARITABLE PURPOSES | $18,000 |
TOWN OF PATTEN PURPOSE: CHARITABLE PURPOSES | $47,000 |
CORINNA FIRE DEPT PURPOSE: CHARITABLE PURPOSES | $111,165 |