David And Kathryn Mccartney Foundation
- Assets
- $283.5k
- Revenue
- $13.0k
- Investments
- $270.6k
- Employees
- 0
- Location
- Chalfont, PA
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-5452633
Organization Overview
David And Kathryn Mccartney Foundation is located in Chalfont, PA. The organization was established in 2014. According to its NTEE Classification (G20) the organization is classified as: Birth Defects & Genetic Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David And Kathryn Mccartney 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, David And Kathryn Mccartney Foundation generated $13.0k 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 (8.0%) each year. All expenses for the organization totaled $37.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman R Veit Jr President And Treasurer | 1 | $0 | |
Lois Ann C Veit Vice President And Secreta | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,554 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$602 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,952 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $139 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,744 |
| Total operating and administrative expenses | $12,383 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $37,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,314 |
| Savings and temporary cash investments | $7,556 |
| 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 | $44,427 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $283,509 |
| 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, David And Kathryn Mccartney Foundation has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MBCE MID HUDSON VALLEY CAMP INC PURPOSE: CAPITAL PURCHASES | $15,000 |
TUESDAY'S CHILDREN PURPOSE: OPERATIONS | $10,000 |