Mcginnity Family Foundation Inc
- Assets
- $561.1k
- Revenue
- $140.3k
- Investments
- $503.5k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 07/2014
- Data as of
- 12/2020
- EIN
- 46-4533823
Organization Overview
Mcginnity Family Foundation Inc is located in Milwaukee, WI. 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. Mcginnity Family 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 12/2020, Mcginnity Family Foundation Inc generated $140.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $102.9k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mcginnity Family Foundation Inc has awarded 76 individual grants totaling $186,086. 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 |
|---|---|---|---|
Annie Mcginnity Kubes Director | 20 | $43,000 | |
Tom Mcginnity Pres./treasurer | 15 | $0 | |
Maggie Mcginnity Vp/secretary | 5 | $0 | |
Betsy Mcginnity Director | 1 | $0 | |
Katie Mcginnity-Hurst Director | 1 | $0 | |
Megan Wright Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $128,989 |
| Interest on Savings | $50 |
| Dividends & Interest | $4,091 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,193 |
| Capital Gain Net Income | $7,193 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $140,323 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,604 |
| Interest | $0 |
| Taxes | $122 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,982 |
| Total operating and administrative expenses | $55,677 |
| Contributions, gifts, grants paid | $47,184 |
| Total expenses and disbursements | $102,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,600 |
| Savings and temporary cash investments | $8,864 |
| 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 | $73 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $491,377 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $561,069 |
| 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, Mcginnity Family Foundation Inc has awarded $47,184 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CALCEF INNOVATIONS DBA NEW ENERGY NEXUS PURPOSE: SIX GRANTS ADDRESSING CLEAN ENERGY AND/OR COVID-19 RECOVERY EFFORTS IN UGANDA. | $11,900 |
OMPRAKASH FOUNDATION PURPOSE: FOUR GRANTS ADDRESSING MENTAL HEALTH, VIOLENCE PREVENTION, FOOD SECURITY AND DOMESTIC VIOLENCE IN MALAWI, MEXICO, ARGENTINA AND NEPAL. | $7,309 |
THE POLLINATION PROJECT PURPOSE: THREE GRANTS ADDRESSING MENTAL HEALTH DURING COVID-19 PANDEMIC, AND THE TRAINING AND EMPOWERMENT OF YOUNG WOMEN IN AFRICA. | $5,000 |
Washington, DC PURPOSE: ONE GRANT ADDRESSING ENVIRONMENTAL LEADERSHIP | $4,000 |
AUTISM SOCIETY OF SOUTHCENTRAL WISCONSIN PURPOSE: ONE GRANT ADDRESSING THE EMPOWERMENT OF INDIVIDUALS ON THE AUTISM SPECTRUM | $3,000 |
Milwaukee, WI PURPOSE: ONE GRANT ADDRESSING CLEAN WATERWAYS. | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert R Mccormick Foundation Chicago, IL | $1,522,880,168 | $43,489,096 |
Sibley Medical Center Arlington, MN | $31,684,088 | $18,300,359 |
Be The Match Foundation Minneapolis, MN | $21,284,478 | $21,167,274 |
David F And Margaret T Grohne Family Foundation Western Springs, IL | $161,662,019 | $15,904,271 |
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Illinois Assistive Technology Program Springfield, IL | $10,127,419 | $6,900,669 |
Stratis Health Minneapolis, MN | $5,273,023 | $5,800,389 |
Crossroads Fund Chicago, IL | $13,233,891 | $8,800,082 |
Delta Dental Fund Lansing, MI | $137,389,492 | $20,883,469 |
Saint Therese St Louis Park, MN | $14,478,951 | $6,726,617 |
Henrietta M Riley Trust 33b006006 Fbo Detroit, MI | $3,389,171 | $4,902,878 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |